April 21, 2025/US SEC The Securities and Exchange Commission today announced an award of approximately $6 million to joint whistleblowers who provided new information that led to the opening of an examination and provided a roadmap for an enforcement action that resulted in the covered action. “Today’s award illustrates that […]
Frauds & Scandals
SEC Charges PGI Global Founder with $198 Million Crypto Asset and Foreign Exchange Fraud Scheme
April 22, 2025/US SEC The Securities and Exchange Commission today charged Ramil Palafox for orchestrating a fraudulent scheme that raised approximately $198 million from investors worldwide and for misappropriating more than $57 million of investor funds. According to the SEC’s complaint, Palafox’s company, known as PGI Global, claimed to be […]
SEC’s Anti-Fraud Public Service Campaign Warns Investors About Relationship Investment Scams
April 16, 2025/US SEC The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today unveiled its anti-fraud public service campaign, which warns investors about the devastating impact relationship investment scams can have on their financial future. Relationship investment scams typically involve a “long con” in which scammers […]
