Financial Crime Weekly: Man Charged With Operating $198 Million Crypto Ponzi Scheme

Biztoc.com - April 27, 2025

Financial Crime Weekly: Man Charged With Operating $198 Million Crypto Ponzi Scheme

The Securities and Exchange Commission filed charges on Tuesday against Ramil Palafox, accusing him of running a fraudulent investment scheme that collected nearly $198 million from Bitcoin (CRYPTO: BTC) and foreign exchange investors and misappropriated more…

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