The Security and Exchange Commission (SEC) has recently charged Jonathan Palafox, the founder of PGI Global. He is accused of operating a purportedly cryptocurrency and forex trading fraud that defrauded investors. Phase 1 of the scheme ran from January 2020 until October 2021. It purportedly used the money from newer...
The world of cryptocurrency investments is an attractive one, riddled with opportunities for lucrative profits and boo-coo bucks. It brings with it enormous danger—including the specter of fraudulent scams. One recent case illustrates the dangers investors need to watch out for. It centers on PGI Global and its founder, Palafox,...
The U.S. Secret Service recently took down a sophisticated "pig butchering" scam operation, recovering a staggering $4.5 million in stolen funds. Particularly in light of this bust, we want to emphasize the growing peril of these scams. They use romance, investment fraud, and psychological manipulation to swindle unsuspecting victims out...
