PGI World Ponzi scheme has introduced initiation of its reboot.
On September 1st PGI World introduced former President Helen Louise Graham will head up the Ponzi scheme as CEO.
Whereas which may sound like an government promotion from inside, in actuality Graham is a high earner as a promoter of the Ponzi scheme.
Graham is a UK nationwide heading up “The Diamond Group” inside PGI World.
See should you can spot the distinction between Graham and the individuals she’s recruited:
As per Graham’s PGI World company bio;
In 2013, her community advertising journey began with a product-based firm. Then, she shifted to the cryptocurrency and foreign exchange industries.
Graham has deleted her MLM historical past previous to about 2018. That 12 months she started selling cryptocurrency scams:
The earliest MLM crypto rip-off I used to be in a position to peg Graham to was Commerce Coin Membership in early 2018.
Commerce Coin Membership launched in 2016, when precisely Graham signed up is unclear.
Apparently sufficient, PGI World’s proprietor and former CEO Ramil Ventura Palafox (aka RV Palafox, proper), additionally promoted Commerce Coin Membership.
That is possible the place the pair met, or at the very least grew to become acquainted.
PGI World launched final 12 months. The Ponzi scheme promised associates a 200% ROI on investments beginning at $100.
PGI World collapsed in March 2021. On the time Helen Graham was nonetheless the highest earner within the firm.
RV Palafox disappeared, becoming a member of his companion in crime Mark Davis, an Australian nationwide, who’d already disappeared some months prior.
Final month Palafox, a US nationwide now believed to be on the run, put out a video promising a Ponzi reboot on September 1st.
Graham is joined by her personal companion in crime, Claire Wilkinson:
Wilkinson labored as Graham’s secretary whereas she was President of PGI World.
Wanting ahead PGI World has preemptively rolled out KYC as an excuse to restrict withdrawals:
The rebooted Ponzi scheme can be imposing strict withdrawal guidelines, introducing a month and a half blowout per request:
On high of that PGI World associates are solely in a position to withdraw 25% of their backoffice steadiness.
Pending the hoped inflow of recent victims to pay PGI World’s current victims, present withdrawal restrictions are in place for at the very least three months.
As of September third, PGI World is pitching its Ponzi scheme as paying 1.25% a day:
PGI World makes use of the frequent “buying and selling bot” ruse to run its Ponzi scheme.
Pending regulatory motion is taken in opposition to Palafox, David, Graham, Wilkinson and the remainder of the PGI World scammers, complete sufferer losses stay unknown.
Sadly the UK has a horrendous monitor file for regulation of MLM scams. The corporate’s high monetary regulator lately got here out and bluntly said it’s not curious about regulating securities fraud.
Thus if a regulator is to take motion, it’ll possible be by means of RV Palafox’s ties to the US and Philippines.
Following a DNS change on June twenty ninth, PGI World’s major web site area stays offline.
No official cause for the abandoning of the area has been offered.
The corporate seems to now seems to be working from “pgiglobal1.commerce”, a backup area privately registered late final 12 months.