🚨 An “AI-powered” crypto platform just got busted for raising $198 million in a global Ponzi scheme.

PGI Global, led by Ramil Palafox, sold dreams of big crypto and forex gains.

But instead of trading, he bought luxury cars, watches, and homes.

From 2020 to 2021, investors were promised consistent returns using “AI auto-trading.”

The SEC now says it was all a lie, masked in slick tech talk and multi-level marketing hype.

Over $57M went straight into personal indulgence.

The rest? Paid out to keep the scheme afloat — classic Ponzi.

Now the SEC and DOJ are both going after him.

Are we witnessing the final curtain for fake AI crypto empires?