Following PGI World’s collapse winding up in late June, Ramil Ventura Palafox (aka RV Palafox) has introduced a reboot Ponzi scheme.
Surprisingly sufficient, Palafox gained’t be working PGI World 2.0.
Palafox appeared in a July thirty first webinar, uploaded to Praeteorian Group Worldwide’s official Fb web page.
Regardless of PGI World stopping withdrawals, collapsing after which deleting its authentic web site, Palafox maintains the Ponzi scheme hasn’t collapsed.
I simply helped different folks to suppose we had been gone.
Palafox goes on the chastise PGI World associates, who apparently didn’t take having tons of cash stolen in addition to he’d hoped.
There have been unacceptable remedy of lots of our members and company workers from people who find themselves desirous to fire up bother.
And to problem folks in management positions to be verbally attacked and even threatened with their life.
To have violence incited towards different people, whereas making an attempt to construct a profitable firm for everybody, is appalling.
I’m reaching out to these folks. They know who they’re. Please cease the harassment of on a regular basis folks, who’re simply making an attempt to make their very own goals come true.
Palafox goes onto announce PGI World’s reboot is scheduled to launch on September 1st.
Ranging from September 2021, we can have three new web sites with new domains.
Palafox explains the totally different web sites will correspond to the place a PGI World affiliate is positioned.
First, the Philippines for our ecommerce well being and wellness enterprise.
Second, for worldwide members besides USA. Third, for USA members solely.
All members will begin receiving day by day income and can even do withdrawals starting September 1st, 2021.
- the Philippines – pgihealthwellness.com
- worldwide web site (excluding Philippines and US) – praetorsglobal.com
- US PGI World web site – not disclosed
In what seems to be an try at pseudo-compliance, Palafox states US PGI World associates will “want a world VPN to entry their accounts”.
Our USA operations will probably be relocated again to Manila, in compliance with the US guidelines and laws.
Our Las Vegas workplaces are closed completely.
In preparation for our new worldwide headquarters in Dubai and Singapore, we’re working with a brand new third-party VPN companion for our web sites.
There’s a bit to unpack right here.
First Palafox doesn’t immediately tackle why PGI World collapsed. That stated it’s apparent that Palafox and PGI World have run into regulatory points.
Palafox is a US citizen and, on the time of its June collapse, the US was the most important supply of visitors to PGI World’s defunct web site.
I’d be keen to guess Palafox is not within the US, which brings us to Dubai and Singapore.
Dubai particularly in a haven for MLM scammers. Singapore is probably going only a entrance for PGI World shell firms.
Palafox fleeing to Dubai matches the regulatory crackdown narrative. Whether or not he’s nonetheless travelling on a US passport or not although is unclear.
The entire “we’re establishing a web site within the Philippines” seems to be an try and dupe Philippine regulators, specifically the Philippine SEC.
When BehindMLM reviewed PGI World in July 2020, we famous Palafox traveled between the US and the Philippines.
Preliminary PGI World investor recruitment occurred within the Philippines. These traders, together with Palafox, have obtained the vast majority of invested funds.
To guard that, we’ve got PGI World’s new bullshit “Philippines solely” well being and wellness web site.
In the meantime the entire VPN nonsense screams “we’re on the run from regulators”.
Pleased with what he stole by means of PGI World, Palafox pronounces he’s cashing out and disappearing.
(As of) September 1st, 2021, I’m stepping down because the Chief Government Officer of PGI World.
What does that imply?
I’ll stay the founder and Chairman of the corporate … we’ll announce the brand new CEO quickly to steer us to a much bigger, higher, stronger future utilizing essentially the most secure platform this century.
My guess is a few “chief” from the Philippines. I don’t see Palafox’s companion in crime, Mark Davis (who already disappeared), stepping up.
As a part of PGI World’s new pseudo-compliance, Palafox retains banging on about “discovering merchandise”.
PGI World has been a 200% ROI Ponzi scheme from day one. Actually no person within the firm cares about merchandise.
The operation and the advertising workforce will quickly announce some vital modifications to our packages, our product choices and our compensation plan.
Because of being inevitably weighed down with already scammed bagholders, Ponzi reboots are sometimes short-lived.
Palafox bait and switching the enterprise mannequin as a ultimate “up yours” to his victims will go down like a ton of bricks.
And he is aware of it, therefore the additional month to create distance between himself and PGI World victims.
And simply in case Palafox wants extra time…
I want you to maintain believing in me.
This has been the toughest few months with vital well being challenges in my very own life, in addition to that in a few of our company workforce’s.
With COVID-19, cancers, in addition to some sudden deaths and sicknesses affecting a few of our dearest members.
Pending PGI World’s reboot or regulatory authorities exhibiting their hand, keep tuned…
Replace fifth September 2021 – PGI World has rebooted with prime earner Helen Graham working the corporate as CEO.
Replace fifteenth October 2021 – US authorities have revealed there may be an energetic legal investigation into PGI World.