Earlier at the moment a reader tipped me off to certainly one of PGI World’s web site domains being seized by US authorities.
Initially I used to be skeptical, owing to the area in query not being one I used to be conversant in.
Dozens of rabbit holes later, BehindMLM can verify the area “praetorsglobal.com” was utilized by PGI World and has been seized.
A go to to the Praetors World web site area redirects to the next picture message:
The textual content of the picture reveals a joint US investigation into PGI World;
The area for PRAETORSGLOBAL.COM has been seized pursuant to a seizure warrant issued by america District Courtroom for the Jap District of Virginia … as a part of a legislation enforcement motion by:
-US Division of Justice – Jap District of Virginia
-Inside Income Service – Felony Investigation, Cyber Crimes Unit
The picture is hosted on what seems to be an Amazon cloud server, particularly provisioned for the US authorities.
I’ll spare you the handfuls of rabbit holes I went down to substantiate the seizure is actual.
After the unique Ponzi scheme collapsed, PGI World rebooted on the area “pgiglobal1.commerce”.
Within the source-code of the homepage on that area we discover a hyperlink to PGI World’s official Fb web page:
On September twenty second, the official PGI World Fb web page revealed a submit referencing “praetorsglobal.com” – each in textual content and picture kind:
Coincidentally September twenty second is the final submit to PGI World’s Fb web page.
I used to be nonetheless skeptical however, because of random Nigerians who diligently mirrored PGI World’s Fb web page, was capable of verify that’s how the submit went out from PGI World on September twenty second.
So now that we’ve confirmed US authorities are pursuing a legal investigation into PGI World, what does this imply?
For starters it means PGI World founder Ramil Ventura Palafox is in all chance a fugitive.
The DOJ’s area seizure warrant would have been issued as a part of a wider legal case. That case would see RV Palafox indicted.
Sadly I can’t share particulars of that indictment, as a result of it’s evidently been filed beneath seal.
Why?
RV Palafox is on the run. He fled the US earlier this yr across the time of PGI World’s preliminary collapse.
Whether or not Palafox knew of the US investigation or whether or not he preemptively fled is unclear.
Based mostly on earlier connections, I’ve positioned Palafox in Dubai.
It appears like each second article I’m publishing as of late references Dubai, and there’s a very good purpose for that.
With respect to MLM securities fraud, Dubai is a lawless crime den that harbors scammers from all over the world.
Figuring out what I find out about MLM legal circumstances, a world arrest warrant could have been issued in opposition to Palafox. It gained’t be executed nonetheless except he travels out of Dubai.
There’s a tiny likelihood US authorities would possibly persuade Dubai’s authorities to behave however that’d be a primary for MLM regulation.
As he’s on the run, Palafox appointed Heather Louise Graham to entrance the reboot as CEO.
Graham is aware of Palafox from at the very least one earlier Ponzi scheme and was a high net-winner within the unique PGI World Ponzi.
Graham is a UK citizen and resident. As a high net-winner she’s sitting on a ship load of cash however whether or not she too has fled to Dubai is unclear.
Graham has a household within the UK, so relocating isn’t as straight ahead as it’s for many MLM Ponzi scammers.
Graham’s been MIA since her appointment final month. Ditto her sidekick, Claire Wilkinson (one other UK citizen).
Based mostly on Google cache information, I imagine the Praetors World area was solely seized in the previous few days.
The unique area has been disabled. WHOIS information present it’s registered to Sarah Deloraya of SPD Enterprise within the Philippines.
Deloraya (proper) runs SPD Jobs and heads up the Philippine Chamber of Commerce and Trade, Quezon Metropolis chapter.
How precisely Deloraya ties into PGI World, or how she got here to personal the area, is unclear.
On LinkedIn, somebody going by “Pauline V.” cites herself as each HR Head of SPD Jobs and HR Supervisor of PGI World.
Past proudly owning PGI World’s unique area, it appears there’s additionally govt crossover from Sarah Deloraya’s firm.
I imagine Palafox holds twin US and Philippine citizenship. The Philippine SEC nonetheless lately issued a PGI World securities fraud warning, so I doubt he’s there.
PGI World’s reboot area is privately registered.
If a seizure warrant was executed on the Praetors World area, it’s extremely probably that comparable warrants had been issued on PGI World’s unique and reboot domains.
The corporate can be utilizing “pgiofficial.com”, which hasn’t been seized however has been lately disabled.
I’d love to have the ability to present a extra definitive timeline of what’s to return however for now I’m working at midnight.
Once more based mostly on previous circumstances, Palafox’s indictment (and others) gained’t be unsealed till he’s in custody.
If sufficient time passes and his co-conspirators have additionally been indicted, and so they’re taken into custody for extradition to the US, we’d get a peek at these (e.g. within the OneCoin case Ruja Ignatova was indicted in 2017 however stays lacking, finally we nonetheless acquired entry to the filings).
For victims of PGI World it is suggested you get in touch with US authorities via the supplied e-mail handle.
Past that I recommend you search authorized recommendation from a lawyer.
Observe that it doesn’t value something to e-mail US authorities as requested.
Anybody asking for cash with respect to the US investigation is attempting to additional rip-off you.