Praetorian Group Worldwide has obtained a securities fraud warning from the Philippine SEC.
The SEC warns that Praetorian Group Worldwide, higher often called PGI International,
OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, settle for or take investments/placements from the general public nor to subject funding contracts and different types of securities.
The regulator goes on to state PGI International ‘clearly exhibits indication of a doable “Ponzi Scheme”’.
Therefore, the general public is suggested NOT TO INVEST or STOP INVESTING in any scheme supplied by PGI.
The SEC’s warning particularly calls out:
- Ramil Ventura Palafox (aka RV Palafox), proprietor and CEO of PGI International’s authentic Ponzi scheme
- Helen L. Graham, prime PGI International promoter and CEO of PGI International 2.0
- Claire Wilkinson and Bashir Bala Saulawa, admins of PGI International’s official Fb web page
BehindMLM reviewed PGI International in July 2020. Our evaluation revealed PGI International was a 200% ROI Ponzi scheme.
PGI International’s collapse started in March 2021 and was finalized in June. In August Palafox introduced PGI International could be rebooting.
In September the reboot was revealed, with PGI International 2.0 adopting the identical 200% ROI Ponzi mannequin.
Heading up PGI International’s reboot is CEO Helen Louise Graham:
Graham was a prime net-winner in PGI International’s authentic Ponzi scheme.
RV Palafox, believed to carry twin US and Philippine citizenship, has gone into hiding.
Based mostly on his social media exercise, it seems Palafox has fled the US for Dubai.
This doesn’t come as a shock seeing as Dubai is a safe-haven for MLM scammers.
Based mostly on Alexa’s estimates, web site visitors to PGI International’s reboot web site is a fraction of what the unique web site was getting.
Moreover, PGI International has acknowledged withdrawals have already been disabled for some reboot traders:
PGI International can also be complaining about fielding “over 100” assist calls a day:
We think about nearly all of these calls are PGI International victims questioning the place their cash went.