UK High Court Shuts Down PGI Global for Involvement in a Crypto Fraud
The United Kingdom’s crackdown on cryptocurrency is still on fire as the government is continuously taking down any illicit acts associated with virtual assets. Recently, the United Kingdom High Court ordered PGI Global UK to shut down, following their non-compliance with the guidelines and links with possible involvement in a crypto fraud with their investors. According to the UK government’s Insolvency Services press release, authorities have appointed their Official Receiver as the company liquidator. PGI Global received around 612,425 Pound Sterling (over 700K USD) in their bank accounts from their would-be investors. Over 10,000 USD were used for making a…