Paraiba World affiliate buyers who attempt to withdraw are reporting non-payment.
The Paraiba World Ponzi scheme is now roughly three weeks behind in withdrawal funds.
I used to be tipped off to Paraiba World’s withdrawal issues earlier this week by a reader.
One other BehindMLM reader wrote in relating to the identical situation. They shared this screenshot from a latest Paraiba World webinar:
Elsewhere on the web Paraiba World associates are additionally complaining about withdrawal points:
An investor on TrustPilot attributes Paraiba World’s withdrawal points to banking issues:
Paraiba World markets itself as a “distinctive non-public financial institution”.
This declare is predicated off a represented Mwali financial institution license.
Mwali is a part of the Union of Comoros, a set of islands off the east coast of Africa.
On June seventeenth the Banque Centrale des Comores issued a communication pertaining to “unlawful offshore banking actions”.
As above, the Central Financial institution included an inventory of internet sites it claims are issuing fictitious banking licenses.
Guess who Paraiba World’s Mwali banking license was obtained by?
Listed as “Distinctive Personal Financial institution Ltd, Paraiba World’s sham Mwali banking license is listed on Mwali Registrar:
As per the Central Financial institution of Comoros, each license on that web site is faux.
What I’m not clear on is whether or not the timing of the Central Financial institution’s warning has something to do with Paraiba World’s withdrawal points.
A thread on a Paraiba World FaceBook group mentions “Trillant”.
Trillant surfaced in late Could and is being promoted as “the subsequent section” of Paraiba World.
Placing two and two collectively, it seems Paraiba World didn’t survive the Could 2022 Luna/Terra crypto crash.
As a part of Trillant, Paraiba World is popping out with Trillon, which is being pitched as an inhouse steady coin.
The transition from USD to an inhouse cryptocurrency Paraiba World generates out of skinny air, is aimed toward retaining the Ponzi going a bit longer.
On the backend although Paraiba World associates are nonetheless going to need to money out their balances (be it USD or Trillon).
Ongoing withdrawal issues nonetheless counsel Paraiba World doesn’t have the cash to pay out.
Little doubt Erich Ely is busy concocting some fictional excuse to keep away from acknowledging Paraiba World has collapsed.
We’ll hold you posted on any updates.