Inside hours of BehindMLM confirming a US felony investigation, PGI World has collapsed.
As a part of the exit-scam, PGI World’s newly appointed CEO and Senior Vice President have additionally referred to as it quits.
In a message circulated to PGI World affiliate traders, CEO Helen Louise Graham and SVP Claire Wilkinson wrote;
Pricey Members,
With instant impact PGI is not any extra. Simply typing these phrases in an expertise that we by no means, ever thought we must do, however we accomplish that at the start of this message, moderately than on the finish, since you deserve the reality on the very earliest alternative.
We want greater than something we might provide the fact behind why that’s, the reality is that while we’ve shaped our personal assumptions, we are able to solely share with you what we do know and what we’ve been advised and help you kind your individual conclusions.
If I can interject right here, the easy “fact” is that PGI World was a Ponzi scheme.
It collapsed, and now there’s a US felony investigation into the corporate and its executives.
No want for assumptions, that’s what occurred.
All through our time with PGI, we’ve wholeheartedly believed what we’ve been advised by RV Palafox or Mark Davis as to the reason for the issues and believed all the pieces potential was being completed to make issues proper.
When the roles of Chief Government Officer and Senior Vice President (of) Operations have been accepted by us, they have been roles that made up nervous as to what we have been taking over and query what management or decision-making potential we’d even have, however ones the place we felt it was solely proper that we tried on behalf of our members to place issues proper.
If I can interject once more; math is math. There isn’t any “placing a Ponzi scheme proper” except extra victims are discovered to pay again those who have already been scammed.
That after all creates a bigger drawback, which in the end results in each Ponzi scheme collapsing.
As a part of these negotiations, we requested all members obtain one excellent withdrawal fee earlier than we publicly took the function on 1st September.
We have been suggested and advised that it was not potential for a withdrawal fee to be made by 1st September, nonetheless a fee schedule of the fifteenth October for the twenty eighth June withdrawal can be 100% fulfilled.
We do have written communication in relation to affirmation of this and might subsequently again this up with proof.
Regardless of a confidential Zoom recording between RV and Mark being despatched to us through which, amongst many different issues, it was mentioned that the function of CEO was solely being supplied “as a result of Helen might be managed”, regardless of our higher judgement we accepted the roles of CEO & SVPO within the hope of proving ourselves with outcomes.
Cash. Graham and Wilkinson signed on as executives as a result of cash.
No have to fake this was a salvage operation. However as they proceed to arrange their exit-scam sob story, that’s what Graham and Wilkinson run with.
Up till Friday eighth October, the settlement was unequivocal that funds can be by fifteenth October, for everybody for the twenty eighth June withdrawal.
It was solely on a Zoom on that date with 3 founder members that one of many company workforce acknowledged that funds can be on fifteenth October, which was from fifteenth October.
We pushed for clarification that on the fifteenth nonetheless meant by the fifteenth as per our settlement of the final 5 weeks and have been advised to “loosen up it isn’t the fifteenth but” and that “obligation can be fulfilled”.
While starting to really feel nervous, we felt we needed to give RV the prospect to ship on the fifteenth.
Nonetheless, we made it completely clear that if by the sixteenth the promise wasn’t fulfilled we’d be stepping down from our roles.
And right here it comes…
We have been astounded by the problems that members began to expertise final night time when accessing the web site.
Plus, the truth that some members in the identical nation have been in a position and nonetheless are capable of entry the web site and others usually are not.
We discover this in our opinion, not in step with official authorities seizure of a web site, though we could also be mistaken.
From yesterday’s article readers would already know I’ve regarded into it and confirmed the seizure is actual.
Till there’s an official announcement from the DOJ nonetheless, I too might be mistaken.
I’m 99.9% assured although or I wouldn’t have printed. Primarily based on the knowledge that’s presently publicly accessible, the seizure is actual.
Moreover, Graham and Wilkinson are involved with RV Palafox. If it was an inside job they wouldn’t be writing about it.
While we’ve been made conscious of authorities beginning investigations into the corporate, we personally discover the timing to be of serious coincidence.
That mentioned, presently we’ve no proof to help the suggestion that the web site seizure is just not real.
We do as alrady mentioned, discover the timing suspicious and subsequently for those who, our members, are capable of shed extra gentle on this in any approach we’d be grateful to obtain the knowledge.
What comes subsequent is new info. Remember the fact that all of it nonetheless is unverified.
We will’t confirm any of this based mostly on what’s publicly identified.
I’m solely publishing it as a result of it’s coming from PGI World’s CEO. I imagine there ought to be a report to cross-check in opposition to sooner or later.
Now we have been advised that RV’s property have been frozen, his passport seized, properties searched and that by way of RV’s actions and his withholding of funds there will likely be no funds tomorrow, nor any subsequent funds and that PGI has come to an finish.
Now we have many messages and concrete info that we are going to make accessible to any authority and help any authorized motion to recuperate property from RV and in the end guarantee he’s made to be accountable for his actions.
While we all know that this has vital implications for our members and feelings are excessive, we won’t tolerate any unacceptable inappropriate or threatening behaviour and can report any such actions to the police, immigrations [sic] and related authorities world wide.
Our intentions and targets have been wholly targeted on getting our members what they’re owed and we’re extremely saddened that we weren’t profitable.
We’re positive extra info will “come out” over the actions of RV within the coming days, weeks and months.
As soon as once more, we’re so extremely sorry to be breaking this information to you all, however you’re owed the reality.
You probably have any further info that assists us in taking this matter additional with the related authorities, then please tell us.
Considering of all our members presently,
Helen and Claire
What utterly undermines the sentiment Graham and Wilkinson current is that each are PGI World net-winners.
Graham was a prime earner within the authentic Ponzi scheme. I imagine Wilkinson was in her downline.
These aren’t outsiders who have been caught up in Palafox’s Ponzi scheming. They stole cash from PGI World traders, after which, for much more cash, took on government roles.
They know what they did. And on the authorized facet of issues, selling unregistered securities remains to be unlawful.
Pending additional info from US authorities (or every other supply I can confirm), right here’s the place we’re at:
Ramil Ventura Palafox (founder/CEO of PGI World)
The web site seizure is a powerful indication Palafox has been indicted on felony expenses.
Palafox disappeared earlier this yr when PGI World first collapsed.
Information of a felony case in opposition to him raises his standing from a scammer on the run to a fugitive on the run.
Palafox has ties to Dubai however could have fled to another hidey-hole.
Primarily based on Graham’s and Wilkinson’s assertion above, Palafox might be in custody however I’ve been unable to confirm.
Palafox holds twin US and Philippine citizenship. He’s unlikely to have fled to the Philippines.
Mark Davis (Vice President & COO of PGI World)
Mark Davis (proper) disappeared earlier this yr when PGI World collapsed.
He’s an Australian citizen and, previous to his disappearance, is believed to have been residing in Queensland, Australia.
Could have ties to the Philippines however unconfirmed.
Was thought to have gone into hiding however Graham’s and Wilkinson’s assertion above has Davis nonetheless concerned in PGI World’s operations.
Davis’ present standing and whether or not he’s wished by US authorities is unknown.
Helen Louise Graham (new CEO of PGI World)
Helen Louise Graham was a prime recruiter and earner within the authentic PGI World Ponzi scheme.
After PGI World collapsed Graham signed on as its new CEO.
Upon studying of a US felony investigation into PGI World, Graham is distancing herself from her standing inside PGI World. She can be watering down her ties to RV Palafox.
Graham relies out of the UK. She is unlikely to flee as a result of household ties there.
Claire Wilkinson (new Senior Vice President of Operations for PGI World)
Labored as Graham’s secretary (learn: was in her downline) previous to signing on a SVPO for the PGI World reboot.
Wilkinson is believed to be a UK resident and citizen.
Folasade Ekeigwe-Bakare (Government Assistant in PGI World reboot)
Previous to PGI World’s reboot Folasade Ekeigwe-Bakare was a “Company Presenter and Coach” inside PGI World.
Ekeigwe-Bakare has ties to Nigeria and the UK. She is believed to be a PGI World net-winner.
Sarah Deloraya (proprietor of PGI World authentic web site area)
Sarah P. Deloraya (proper) is the listed proprietor of PGI World’s authentic web site area.
The area was disabled in June 2021. Whether or not US authorities have been concerned is unclear.
Deloraya runs SPD Jobs and SPD Group. Via these corporations Deloraya is imagine to have supplied admin help to PGI World and Palafox.
On Fb Deloraya cites herself as President of the Philippine Chamber of Commerce and Business, Quezon Metropolis.
Deloraya is a Philippine citizen based mostly out of the Philippines. She was nonetheless lively on Fb as of October tenth.
Whether or not Deloraya was concerned in PGI World past offering admin help is unclear.