PGI Global Ponzi founder Ramil Ventura Palafox has violated his pre-trial conditions.

It took Palafox just over a month to do so, following his arrest in late April.

As per a May 28th Probation Officer petition seeking action on Palafox’s violation;

On May 9, 2025 [Palafox] had an approved timeout to attend a medical appointment at Cedars Sinai Hospital.

A review of his GPS tracks revealed that the defendant did not go to the approved medical appointment and made several unauthorized stops before returning home.

The court has scheduled a June 13th show cause hearing in response to the petition.

Separately the DOJ has received permission to subpoena Palafox over financial records. The DOJ maintains ongoing concerns about Palafox’s financial disclosures.

From a May 12th filing;

The United States had and continues to have concerns about the completeness and accuracy of the defendant’s disclosures regarding his financial situation.

The United States has therefore continued to seek information from the defendant regarding his assets and property in order to identify assets available to secure a bond and to ensure that the defendant has been fully candid with the Court.

For example, on at least three occasions between April 25, 2025, and May 12, 2025, the United States has requested information regarding the disposition of the proceeds of a $1.4 million loan that the defendant received in October 2024.

Defense counsel has indicated he is not currently in a position to comply with this request for information.

A subpoena to that effect was issued on June 3rd and will also come up at the scheduled June 13th hearing.

 

Update 14th June 2025 – At the June 13th hearing legal counsel was ordered to “meet and confer”. A status update is required to be filed within 14 days.