Day: June 2, 2021

130,000 Investors lose money to PGI Global Ponzi schemes

130,000 Investors lose money to Praetorian Group International (PGI) Ponzi scheme

Picture of Ramil Ventura Palafox (left) and Mark Davis (right) both running the Ponzi bitcoin scheme at AI Trades (Photo taken from PGI Global official facebook page)

Do you want to report PGI Global? 

If you come across this page, you have a responsibility to share this page on social media to warn family and friends from ‘investing’ with this company.

You can now download Worldwide Investors Group (WIG) Official article on PGI Global.

130,000 Investors lose money to Praetorian Group International (PGI) Ponzi scheme

LONDON, [OUTSIDE US, CANADA OR AU], UNITED KINGDOM, May 26, 2021 — PGI Global, a cryptocurrency and MLM company with over 130,000 investors across 199 countries is likely to become the biggest Ponzi scam since Bernie Madoff Ponzi scheme that defrauded thousands of investors out of tens of billions of dollars in 2009.

There have been numerous international reviews on PGI Global and its business practices but most of the reviews have been from people who have not invested in the scheme; this is the first time the world will hear from investors who are currently investors in PGI Ponzi scheme.

My name is Ken Uwotu, I am a PGI investor and the group leader of the telegram group ‘worldwide investors group’ (WIG), a group of over 1,350 PGI investors worldwide.

In the public interest we have decided to alert Interpol and national government agencies around the world to investigate PGI Global, a company most investors now strongly believe is a Ponzi scheme and we wish to warn unsuspecting and vulnerable investors not to fall prey to this ‘highly sophisticated’ bitcoin scam and PYRAMID Ponzi scheme.

PGI FOUNDERS ‘THE SHADY CHARACTERS’ – RAMIL VENTURA PALAFOX AND MARK DAVIS

Ramil Ventura Palafox (RV) worked for Trade Coin Club (TCC) between 2017 and 2018. He was the face of TCC in South East Asia. TCC affiliates invested in Bitcoin on the promise of an advertised daily ROI of up to 0.45% for a period of 12 months; TCC closed in June 2018 and disappeared with 167,000 BTC (current value today $62 billion) of investors’ money. Joff Paradise was the face of TCC and the owner of AI Trade however Joff was forced to step down as owner of AI Trade because he was being chased for the stolen investors’ funds at TCC. Joff Paradise made Ramil Ventura Palafox AI President. Ramil Ventura (RV) Palafox and Mark Davis worked together running AI Trades. Ramil Palafox as President and Mark Davis as Chief Communications Officer (CCO). Trade Coin Club and AI Trade are well-established Ponzi schemes and have been declared scams by legal authorities.

PGI Global’s most basic level of affiliate membership requires an investment of $100. The highest investment you can make is $500,000 and above – unlimited to join the Titanium Level. To ensure passive income from the company, it promises to give daily ROIs of between 0.5%-3% until a member’s package reaches a maximum 200 days or 200% of your investment, whichever comes first. There is no evidence shown to members of PGI Global trading in bitcoin and the company recently launched products. However, there has not been ordinary Investors known to have purchased these products, considering that members have not been paid since these products were launched. To be a member you must buy their affiliate memberships to become a part of the community.

The signs of a possible PGI exit strategy began to emerge on January 18th 2021 when RV claimed the company had problems with their third payment gateway partners, which has resulted in investors’ payments being held up in ‘the blockchain’.

In a monthly members’ meet up video recorded in March 2021, RV told investors that he has purchased Kala Wallet for $20 million and that Kala Wallet will be launched at the beginning of April 2021, RV stated this action would make the processing of payments much faster as PGI would now have its own blockchain and would the only company to have its own blockchain technology. The validity of a partnership arrangement with Kala was investigated and it was discovered that PGI is not listed as one of Kala Coins’ partners on its website and Kala have confirmed that PGI has not purchased Kala.

The impact of PGI’s action not to pay investors is immeasurable. I have spoken to investors who say they are now depressed, suicidal, have developed illnesses. Last week we received confirmed report of three PGI investors, a couple and nephew who drank poison and died in South Africa as a direct result of PGI Global’s action not to pay investors.

On 3rd May, PGI stated that they were launching PGI 2.0 and fraudulently changed the payment status on investors’ back-office records from ‘processing’ to ‘cash-out refunded’ but retained investors’ Bitcoin investment pay-outs in PGI’s bitcoin wallet.

PGI Global stopped paying investors on 15th of Feb 2021, PGI has now turned their attention to recruiting low income and the vulnerable people to join the scheme. From February 2020 to August 2020 at the height of COVID 19 pandemic, PGI global made $30,000,000 in revenue according to its official Facebook page. WIG has measured the impact of PGI’s action not to pay investors. In a recent survey, it showed about 80% of investors have investment packages ranging from $1000 – $10,000 and 87.1% of investors who took part in the survey have investments monies ranging from $88 – $10,000 showing that majority of PGI’s investors are low-income earners and vulnerable.

It is important to state the Bitcoin scam companies mentioned above mirrors PGI Global. A last-minute meeting on 23/05/2021 to get PGI to pay investors failed.

For further information, contact us at mailto:worldwideinvestorstelegram@gmail.com

FOUNDERS (CORPORATE)
Ramil Ventura Palafox – PGI founder/CEO
Mark Davis – Vice President, PGI Global and COO
Raquel Paulino – Co founder, Philippines
Rosario Austria, MD – Vice President, Health & Well being

PGI PRESIDENTS (MLM)
Helen L Graham- PGI Global President
Shofi Ullah- PGI President Europe
Bako Faysal – PGI President Asia
Benny Akiki Mwesigwa – PGI President Africa
Philip Ndungu – PGI President Latin America
Mingthoy Mendez – PGI President Latin America
Miguel Lopez – PGI President Latin America
Mielli Motsepe – PGI President South Africa
Harrison Omojafo – PGI President UK
Swimm Oma-Pharooq – PGI President UK
Julie Ladycoin – PGI President Nigeria
Shaida Kareem – PGI President Iraq
Dr Rose Okpara – PGI President North America

OTHER INDIVIDUALS OF INTEREST

Claire Wilkinson – Helen Graham’s Secretary
Denise Skeels – Ramil Ventura Palafox’s PA/Liaison Officer

ADDITIONAL RESOURCES

PGI Trust pilot review
PGI Global Official Website

Ramil Palafox living life on the fast lane in the United States

Cryptocurrency Related Scams Flood Tribunals in Spain

Cryptocurrency Related Scams Flood Tribunals in Spain

Spain has not been a stranger to the popularity of cryptocurrencies, and with this popularity, also comes the attention of people and organizations wanting to capitalize on the subject. Spanish tribunals have been flooded lately with lawsuits involving cryptocurrency scams related to bitcoin and ethereum based platforms, and the people using these to scam other users for millions of euros.

Cryptocurrency-Related Scams Flood Tribunals in Spain
Tribunals from Spain are now being flooded with cryptocurrency scam-related cases, that are affecting thousands of citizens, according to local reports. With the recent price increase of cryptocurrencies, scammers are always looking to do a quick buck, and they have been successful in Spain. One of the biggest scams reported is the one associated with a company named Algorithms Group, which scammed more than 280 million euros from 300+ investors.

The brain behind this scam is a man called Javier Biosca, who acted as a broker buying and selling cryptocurrencies and offering weekly interests of 25% per investment. However, the business went sour quickly and Biosca disappeared with the money of investors. Emilia Zaballos, the lawyer that is representing private investors, states the scam could have affected 4,000 people. She stressed:

Among those affected are people of all kinds. From notaries, lawyers, national police, businessmen, to tax inspectors and even judges. But also domestic workers, retirees, and the unemployed. And great fortunes.

Nimbus, another investment-based Ponzi scheme, is estimated to have defrauded 136 million euros from more than 4,000 investors in the country. The company, which also operated internationally, offered returns to investors for their deposits in cryptocurrencies. Other important companies that are facing similar trials are Kuailian and Arbistar 2.0, Ponzi schemes that also face money laundering charges.

More Organization Is Needed
Emilia Zaballos, the lawyer that is in the Algorithms Group case, states that more organization is needed for facing this kind of scam schemes affecting more citizens each day. She is now pushing for the establishment of new courts just for attending this kind of crypto-related crimes, and for more guidance from the established institutions when dealing with these structures. Till now, national regulators limit their actions to alert investors about the possible dangers of using these investment tools, but they haven’t exerted any direct actions against them.

But she is not just waiting for action. Zaballos is the president of an organization called “Asociación de Afectados por Inversiones por Criptomonedas,” that groups the users affected by these organizations and helps them execute legal actions against them.

Bitcoin Is More than Likely to Crash Further, Says JP Morgan

Bitcoin Is More than Likely to Crash Further, Says JP Morgan

May 2021 was Bitcoin’s worst-performing month since 2011, but an analyst from American bank JP Morgan believes the asset could trend lower in the medium term.

JP Morgan Turns Bearish
JP Morgan strategist and digital asset expert Nikolaos Panigirtzoglo is forecasting more pain for Bitcoin holders.

In a research note to investors, he wrote that Bitcoin would need to make a descent to $26,000 to signal retail capitulation before starting a new ascent. According to him, Bitcoin’s current fair value is between $24,000 and $36,000.

In the last few weeks, greater volatility linked with lowered institutional interest in Bitcoin is to blame for the recent stagnation at levels between $30,000 and $40,000. The May crash has damaged Bitcoin’s image in the eyes of many institutional investors who have started to doubt its potential as a store of value, Panigirtzoglo added. He said:

“There is little doubt that the boom and bust dynamics of the past weeks represent a setback to the institutional adoption of crypto markets and in particular of Bitcoin and Ethereum. We note that the mere rise in volatility, especially relative to gold, is an impediment to further institutional adoption as it reduces the attractiveness of digital gold vs. traditional gold in institutional portfolios.”

The same analyst praised Bitcoin’s low volatility in April, targeting a price of $146,000. However, it seems the recent market downturn has changed his medium-term outlook on the digital asset. Now that Bitcoin’s downward volatility has returned, institutions are less likely to turn to Bitcoin as a store of value and a hedge to inflation, he argued. The legendary trader Peter Brandt has also supported Panigirtzoglo’s view by charting the “slim possibility” of another bloodbath, identifying a possible head and shoulders top on Bitcoin. “Bitcoin could really get messy if this pattern is completed,” he wrote.

Last month, JP Morgan announced it would be launching new funds to give affluent clients exposure to Bitcoin and other digital assets, joining the likes of Goldman Sachs and Morgan Stanley. The products will be available this summer.

 

GAMBIA – OVER 130,000 INVESTORS WORLDWIDE LOSE MONEY TO PRAETORIAN GROUP INTERNATIONAL (PGI) PONZI SCHEME

Picture of Ramil Ventura Palafox (left) and Mark Davis (right) both running the Ponzi bitcoin scheme at AI Trades (Photo taken from PGI Global official facebook page)

Do you want to report PGI Global? 

If you come across this page, you have a responsibility to share this page on social media to warn family and friends from ‘investing’ with this company.

You can now download Worldwide Investors Group (WIG) Official article on PGI Global.

GAMBIA - OVER 130,000 INVESTORS WORLDWIDE LOSE MONEY TO PRAETORIAN GROUP INTERNATIONAL (PGI) PONZI SCHEME

LONDON, [OUTSIDE US, CANADA OR AU], UNITED KINGDOM, May 26, 2021 — PGI Global, a cryptocurrency and MLM company with over 130,000 investors across 199 countries is likely to become the biggest Ponzi scam since Bernie Madoff Ponzi scheme that defrauded thousands of investors out of tens of billions of dollars in 2009.

There have been numerous international reviews on PGI Global and its business practices but most of the reviews have been from people who have not invested in the scheme; this is the first time the world will hear from investors who are currently investors in PGI Ponzi scheme.

My name is Ken Uwotu, I am a PGI investor and the group leader of the telegram group ‘worldwide investors group’ (WIG), a group of over 1,350 PGI investors worldwide.

In the public interest we have decided to alert Interpol and national government agencies around the world to investigate PGI Global, a company most investors now strongly believe is a Ponzi scheme and we wish to warn unsuspecting and vulnerable investors not to fall prey to this ‘highly sophisticated’ bitcoin scam and PYRAMID Ponzi scheme.

PGI FOUNDERS ‘THE SHADY CHARACTERS’ – RAMIL VENTURA PALAFOX AND MARK DAVIS

Ramil Ventura Palafox (RV) worked for Trade Coin Club (TCC) between 2017 and 2018. He was the face of TCC in South East Asia. TCC affiliates invested in Bitcoin on the promise of an advertised daily ROI of up to 0.45% for a period of 12 months; TCC closed in June 2018 and disappeared with 167,000 BTC (current value today $62 billion) of investors’ money. Joff Paradise was the face of TCC and the owner of AI Trade however Joff was forced to step down as owner of AI Trade because he was being chased for the stolen investors’ funds at TCC. Joff Paradise made Ramil Ventura Palafox AI President. Ramil Ventura (RV) Palafox and Mark Davis worked together running AI Trades. Ramil Palafox as President and Mark Davis as Chief Communications Officer (CCO). Trade Coin Club and AI Trade are well-established Ponzi schemes and have been declared scams by legal authorities.

PGI Global’s most basic level of affiliate membership requires an investment of $100. The highest investment you can make is $500,000 and above – unlimited to join the Titanium Level. To ensure passive income from the company, it promises to give daily ROIs of between 0.5%-3% until a member’s package reaches a maximum 200 days or 200% of your investment, whichever comes first. There is no evidence shown to members of PGI Global trading in bitcoin and the company recently launched products. However, there has not been ordinary Investors known to have purchased these products, considering that members have not been paid since these products were launched. To be a member you must buy their affiliate memberships to become a part of the community.

The signs of a possible PGI exit strategy began to emerge on January 18th 2021 when RV claimed the company had problems with their third payment gateway partners, which has resulted in investors’ payments being held up in ‘the blockchain’.

In a monthly members’ meet up video recorded in March 2021, RV told investors that he has purchased Kala Wallet for $20 million and that Kala Wallet will be launched at the beginning of April 2021, RV stated this action would make the processing of payments much faster as PGI would now have its own blockchain and would the only company to have its own blockchain technology. The validity of a partnership arrangement with Kala was investigated and it was discovered that PGI is not listed as one of Kala Coins’ partners on its website and Kala have confirmed that PGI has not purchased Kala.

The impact of PGI’s action not to pay investors is immeasurable. I have spoken to investors who say they are now depressed, suicidal, have developed illnesses. Last week we received confirmed report of three PGI investors, a couple and nephew who drank poison and died in South Africa as a direct result of PGI Global’s action not to pay investors.

On 3rd May, PGI stated that they were launching PGI 2.0 and fraudulently changed the payment status on investors’ back-office records from ‘processing’ to ‘cash-out refunded’ but retained investors’ Bitcoin investment pay-outs in PGI’s bitcoin wallet.

PGI Global stopped paying investors on 15th of Feb 2021, PGI has now turned their attention to recruiting low income and the vulnerable people to join the scheme. From February 2020 to August 2020 at the height of COVID 19 pandemic, PGI global made $30,000,000 in revenue according to its official Facebook page. WIG has measured the impact of PGI’s action not to pay investors. In a recent survey, it showed about 80% of investors have investment packages ranging from $1000 – $10,000 and 87.1% of investors who took part in the survey have investments monies ranging from $88 – $10,000 showing that majority of PGI’s investors are low-income earners and vulnerable.

It is important to state the Bitcoin scam companies mentioned above mirrors PGI Global. A last-minute meeting on 23/05/2021 to get PGI to pay investors failed.

For further information, contact us at mailto:worldwideinvestorstelegram@gmail.com

FOUNDERS (CORPORATE)
Ramil Ventura Palafox – PGI founder/CEO
Mark Davis – Vice President, PGI Global and COO
Raquel Paulino – Co founder, Philippines
Rosario Austria, MD – Vice President, Health & Well being

PGI PRESIDENTS (MLM)
Helen L Graham- PGI Global President
Shofi Ullah- PGI President Europe
Bako Faysal – PGI President Asia
Benny Akiki Mwesigwa – PGI President Africa
Philip Ndungu – PGI President Latin America
Mingthoy Mendez – PGI President Latin America
Miguel Lopez – PGI President Latin America
Mielli Motsepe – PGI President South Africa
Harrison Omojafo – PGI President UK
Swimm Oma-Pharooq – PGI President UK
Julie Ladycoin – PGI President Nigeria
Shaida Kareem – PGI President Iraq
Dr Rose Okpara – PGI President North America

OTHER INDIVIDUALS OF INTEREST

Claire Wilkinson – Helen Graham’s Secretary
Denise Skeels – Ramil Ventura Palafox’s PA/Liaison Officer

ADDITIONAL RESOURCES

PGI Trust pilot review
PGI Global Official Website

Ramil Palafox living life on the fast lane off in the United States

BELGIUM – OVER 130,000 INVESTORS WORLDWIDE LOSE MONEY TO PRAETORIAN GROUP INTERNATIONAL (PGI) PONZI SCHEME

Picture of Ramil Ventura Palafox (left) and Mark Davis (right) both running the Ponzi bitcoin scheme at AI Trades (Photo taken from PGI Global official facebook page)

Do you want to report PGI Global? 

If you come across this page, you have a responsibility to share this page on social media to warn family and friends from ‘investing’ with this company.

You can now download Worldwide Investors Group (WIG) Official article on PGI Global.

BELGIUM - OVER 130,000 INVESTORS WORLDWIDE LOSE MONEY TO PRAETORIAN GROUP INTERNATIONAL (PGI) PONZI SCHEME

LONDON, [OUTSIDE US, CANADA OR AU], UNITED KINGDOM, May 26, 2021 — PGI Global, a cryptocurrency and MLM company with over 130,000 investors across 199 countries is likely to become the biggest Ponzi scam since Bernie Madoff Ponzi scheme that defrauded thousands of investors out of tens of billions of dollars in 2009.

There have been numerous international reviews on PGI Global and its business practices but most of the reviews have been from people who have not invested in the scheme; this is the first time the world will hear from investors who are currently investors in PGI Ponzi scheme.

My name is Ken Uwotu, I am a PGI investor and the group leader of the telegram group ‘worldwide investors group’ (WIG), a group of over 1,350 PGI investors worldwide.

In the public interest we have decided to alert Interpol and national government agencies around the world to investigate PGI Global, a company most investors now strongly believe is a Ponzi scheme and we wish to warn unsuspecting and vulnerable investors not to fall prey to this ‘highly sophisticated’ bitcoin scam and PYRAMID Ponzi scheme.

PGI FOUNDERS ‘THE SHADY CHARACTERS’ – RAMIL VENTURA PALAFOX AND MARK DAVIS

Ramil Ventura Palafox (RV) worked for Trade Coin Club (TCC) between 2017 and 2018. He was the face of TCC in South East Asia. TCC affiliates invested in Bitcoin on the promise of an advertised daily ROI of up to 0.45% for a period of 12 months; TCC closed in June 2018 and disappeared with 167,000 BTC (current value today $62 billion) of investors’ money. Joff Paradise was the face of TCC and the owner of AI Trade however Joff was forced to step down as owner of AI Trade because he was being chased for the stolen investors’ funds at TCC. Joff Paradise made Ramil Ventura Palafox AI President. Ramil Ventura (RV) Palafox and Mark Davis worked together running AI Trades. Ramil Palafox as President and Mark Davis as Chief Communications Officer (CCO). Trade Coin Club and AI Trade are well-established Ponzi schemes and have been declared scams by legal authorities.

PGI Global’s most basic level of affiliate membership requires an investment of $100. The highest investment you can make is $500,000 and above – unlimited to join the Titanium Level. To ensure passive income from the company, it promises to give daily ROIs of between 0.5%-3% until a member’s package reaches a maximum 200 days or 200% of your investment, whichever comes first. There is no evidence shown to members of PGI Global trading in bitcoin and the company recently launched products. However, there has not been ordinary Investors known to have purchased these products, considering that members have not been paid since these products were launched. To be a member you must buy their affiliate memberships to become a part of the community.

The signs of a possible PGI exit strategy began to emerge on January 18th 2021 when RV claimed the company had problems with their third payment gateway partners, which has resulted in investors’ payments being held up in ‘the blockchain’.

In a monthly members’ meet up video recorded in March 2021, RV told investors that he has purchased Kala Wallet for $20 million and that Kala Wallet will be launched at the beginning of April 2021, RV stated this action would make the processing of payments much faster as PGI would now have its own blockchain and would the only company to have its own blockchain technology. The validity of a partnership arrangement with Kala was investigated and it was discovered that PGI is not listed as one of Kala Coins’ partners on its website and Kala have confirmed that PGI has not purchased Kala.

The impact of PGI’s action not to pay investors is immeasurable. I have spoken to investors who say they are now depressed, suicidal, have developed illnesses. Last week we received confirmed report of three PGI investors, a couple and nephew who drank poison and died in South Africa as a direct result of PGI Global’s action not to pay investors.

On 3rd May, PGI stated that they were launching PGI 2.0 and fraudulently changed the payment status on investors’ back-office records from ‘processing’ to ‘cash-out refunded’ but retained investors’ Bitcoin investment pay-outs in PGI’s bitcoin wallet.

PGI Global stopped paying investors on 15th of Feb 2021, PGI has now turned their attention to recruiting low income and the vulnerable people to join the scheme. From February 2020 to August 2020 at the height of COVID 19 pandemic, PGI global made $30,000,000 in revenue according to its official Facebook page. WIG has measured the impact of PGI’s action not to pay investors. In a recent survey, it showed about 80% of investors have investment packages ranging from $1000 – $10,000 and 87.1% of investors who took part in the survey have investments monies ranging from $88 – $10,000 showing that majority of PGI’s investors are low-income earners and vulnerable.

It is important to state the Bitcoin scam companies mentioned above mirrors PGI Global. A last-minute meeting on 23/05/2021 to get PGI to pay investors failed.

For further information, contact us at mailto:worldwideinvestorstelegram@gmail.com

FOUNDERS (CORPORATE)
Ramil Ventura Palafox – PGI founder/CEO
Mark Davis – Vice President, PGI Global and COO
Raquel Paulino – Co founder, Philippines
Rosario Austria, MD – Vice President, Health & Well being

PGI PRESIDENTS (MLM)
Helen L Graham- PGI Global President
Shofi Ullah- PGI President Europe
Bako Faysal – PGI President Asia
Benny Akiki Mwesigwa – PGI President Africa
Philip Ndungu – PGI President Latin America
Mingthoy Mendez – PGI President Latin America
Miguel Lopez – PGI President Latin America
Mielli Motsepe – PGI President South Africa
Harrison Omojafo – PGI President UK
Swimm Oma-Pharooq – PGI President UK
Julie Ladycoin – PGI President Nigeria
Shaida Kareem – PGI President Iraq
Dr Rose Okpara – PGI President North America

OTHER INDIVIDUALS OF INTEREST

Claire Wilkinson – Helen Graham’s Secretary
Denise Skeels – Ramil Ventura Palafox’s PA/Liaison Officer

ADDITIONAL RESOURCES

PGI Trust pilot review
PGI Global Official Website

Ramil Palafox living life on the fast lane off in the United States