SEC and Feders Fill MAN via a crippto store of $ 200 million

The American Commission for Securities and Federal Prosecutors collected a man who cheated the crypto scheme that cheated 90,000 people of $ 200 million in hopes of making a return from Bitcoin and Forex Trade.

SEC said 22. April accused Ramila Palafok, the USA and Philippines, claiming that he spoke over $ 57 million in investors who received through his company, PGI Global, between January 2020. and October 2021. years. And October 2021. years. And October 2021

The regulator was allegedly Palaphox used a multilevel marketing model to perform “Ponzi-Like” cheat All the way to collapse of 2021. Years. SEC said he lured investors through “false claims on the CRIPTO industry expertise and assumed AI-powered automatic automatic trade platforms.”

Sex claimed that Palafok was hosting a lavish event in Dubai and Las Vegas to offer bonuses to recruit others and used investors to pay for other investors in order to make their own pockets.

“Palafok attracted investors with a guaranteed cratted funding and foreign exchange, but instead of trading, Palaphok bought himself and his family cars, watches’ millions of dollars,” said SEC’s Filadelphia’s Association.

SEC is Palafok, which violates the provisions on the Antichrat and registration of federal bans on securities to ban him from future sales of securities and cryptian assets, repayments of abuse and collecting bad gains and civil penalties.

The Department for Justice brings double action

The SEC complaint works in parallel with the action made by the US Prosecutor’s Office for the Eastern Virginia County, which led Ramil Palapho on criminal charges.

According to the indictment submitted under the seal 13. March, the Federal Prosecutors charge Palapho with wired fraud, money laundering and illegal cash transactions.

Prosecutors allegedly in Palaphok, appointed investors with false promises of everyday return from 0.5% to 3% of Bitcoin trading and to hide information about PGI profitability, licenses and business activity.

The indictment said that Palafok said that the investors generated a significant return via the CRIPTO Stock Exchange and that “His traders could earn whether the price of Bitcoin has increased or down.”

However, the Justice Department claimed that in reality most of the investors’ money was never used to buy or trade Bitcoin and many lost some or all means.

The property listed in the indictment that would be confiscated by Palapho if the convict includes two Teslas, and Ferrari 458 Special, two Lamborghinis, two porsches, cash eyelids, banknotes, shoes, jewelery and watches.

Related: Cripto Crime goes industrial as gangs launch coins, washing a billionty – un

Different related companies were included in the scheme, including the International Pretorian Group Trade, on the site for which the Ministry of Justice 2021 was taken away. Year, leading to its UK-based operations be Turn off the High Court in Great Britain.

It is the first CRIPTO-CRIPTO-CRYPTO fund in connection with its CRIPTO-FRIENDLY SEC chair, Paul Atkins, who swore 22. April.

SEC brought Case against a new laboratory In January, accusing it by selling unregistered securities offering devices that mined helium (HNTT) Token. SEC has reached a settlement with a new laboratory in April resulting in The lawsuit is rejected and $ 200,000 a civic sentence.

Journal: Uni students Cripto ‘scraping’ Scandal, 67K cheated by fake women: Asia Express