Crypto Con: $200M Illusion and the Feds' Delight!

A crypto scandal unfolds as the U.S. SEC and federal prosecutors charge Ramil Palafox for fraudulently swindling $200 million from 90,000 investors. Operating through his company, PGI Global, he promised immense returns via a non-existent AI-powered trading platform. Palafox indulged in luxury with investors' money, hosting extravagant events and purchasing lavish items. With allegations of running a multi-level Ponzi scheme, U.S. authorities seek to prohibit his future financial dealings. A cautionary tale for aspiring crypto investors worldwide!