Paraiba World affiliate investors who try to withdraw are reporting non-payment.
The Paraiba World Ponzi scheme is now approximately three weeks behind in withdrawal payments.
I was tipped off to Paraiba World’s withdrawal problems earlier this week by a reader.
Another BehindMLM reader wrote in regarding the same issue. They shared this screenshot from a recent Paraiba World webinar:
Elsewhere on the internet Paraiba World affiliates are also complaining about withdrawal issues:
An investor on TrustPilot attributes Paraiba World’s withdrawal issues to banking problems:
Paraiba World markets itself as a “unique private bank”.
This claim is based off a represented Mwali bank license.
Mwali is part of the Union of Comoros, a set of islands off the east coast of Africa.
On June 17th the Banque Centrale des Comores issued a communication pertaining to “illegal offshore banking activities”.
As above, the Central Bank included a list of websites it claims are issuing fictitious banking licenses.
Guess who Paraiba World’s Mwali banking license was obtained through?
Listed as “Unique Private Bank Ltd, Paraiba World’s sham Mwali banking license is listed on Mwali Registrar:
As per the Central Bank of Comoros, every license on that website is fake.
What I’m not clear on is whether the timing of the Central Bank’s warning has anything to do with Paraiba World’s withdrawal issues.
A thread on a Paraiba World FaceBook group mentions “Trillant”.
Trillant surfaced in late May and is being promoted as “the next phase” of Paraiba World.
Putting two and two together, it appears Paraiba World didn’t survive the May 2022 Luna/Terra crypto crash.
As part of Trillant, Paraiba World is coming out with Trillon, which is being pitched as an inhouse stable coin.
The transition from USD to an inhouse cryptocurrency Paraiba World generates out of thin air, is aimed at keeping the Ponzi going a bit longer.
On the backend though Paraiba World affiliates are still going to want to cash out their balances (be it USD or Trillon).
Ongoing withdrawal problems however suggest Paraiba World doesn’t have the money to pay out.
No doubt Erich Ely is busy concocting some fictional excuse to avoid acknowledging Paraiba World has collapsed.
We’ll keep you posted on any updates.