PGI International Ponzi scheme has introduced initiation of its reboot.

On September 1st PGI International introduced former President Helen Louise Graham will head up the Ponzi scheme as CEO.

Whereas which may sound like an govt 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 International.

See should you can spot the distinction between Graham and the individuals she’s recruited:

As per Graham’s PGI International 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 yr she started selling cryptocurrency scams:

The earliest MLM crypto rip-off I used to be capable of peg Graham to was Commerce Coin Membership in early 2018.

Commerce Coin Membership launched in 2016, when precisely Graham signed up is unclear.

Curiously sufficient, PGI International’s proprietor and former CEO Ramil Ventura Palafox (aka RV Palafox, proper), additionally promoted Commerce Coin Membership.

That is probably the place the pair met, or no less than turned acquainted.

PGI International launched final yr. The Ponzi scheme promised associates a 200% ROI on investments beginning at $100.

PGI International 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 associate 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 associate in crime, Claire Wilkinson:

Wilkinson labored as Graham’s secretary whereas she was President of PGI International.

Trying ahead PGI International 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 International associates are solely capable of withdraw 25% of their backoffice steadiness.

Pending the hoped inflow of latest victims to pay PGI International’s present victims, present withdrawal restrictions are in place for no less than three months.

As of September third, PGI International is pitching its Ponzi scheme as paying 1.25% a day:

PGI International 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 International scammers, complete sufferer losses stay unknown.

Sadly the UK has a horrendous observe file for regulation of MLM scams. The corporate’s high monetary regulator just lately got here out and bluntly said it’s not focused on regulating securities fraud.

Thus if a regulator is to take motion, it’ll probably be by RV Palafox’s ties to the US and Philippines.

Following a DNS change on June twenty ninth, PGI International’s main web site area stays offline.

No official motive 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 yr.