Founder of PGI Global Faces Fraud Charges Over Alleged $200 Million Ponzi Scheme
Ramil Palafox is accused of misusing over $57 million from investor funds for personal luxuries, including luxury cars.
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Ramil Palafox is accused of misusing over $57 million from investor funds for personal luxuries, including luxury cars.
Two Estonian founders of HashFlare, involved in a significant Ponzi scheme, received erroneous orders to self-deport just months before their scheduled sentencing.
Three individuals behind the Braiscompany Ponzi scheme have been sentenced collectively to 171 years in prison for defrauding investors.
Indian authorities have confiscated crypto assets linked to the notorious BitConnect Ponzi scheme, valued at approximately $190 million.
Sergei Potapenko and Ivan Turõgin face significant prison time for their role in a $577 million crypto Ponzi scheme.
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