PGI Global Review: PGIGlobal.Trade An Old Scam
Contents
PGIGlobal.Trade was recently registered on 13th April 2020. The website itself does not give information about the owner of the PGI Global. After some research, I found that RV Palafox is the President of the company. He was previously associated with AI Trades, which is still operational but has been declared a scam by the legal authorities.
On comparing AITradesGlobal.org with PGIGlobal.Trade, one can find many similarities, which makes it evident that the same team runs both companies. Both of these companies follow similar business models. Mark Davis, who was co-owner of AI Trade, is the Vice President of PGI Global. The legitimacy of the PGI Global can be evaluated from the fact that the managers of AI Trade – a proven Ponzi scheme – are behind this new company.
What is PGI Global?
Praetorian Group International (PGI) Global is a crypto MLM company that is run by Ramil Ventura Palafox. It lets people earn money by recruiting others and building a team to earn commissions from different levels. Moreover, the company promises daily ROIs, which vary from level to level. Undoubtedly, the company is operating as a crypto MLM platform but is also offers a nutritional drink to generate funds.
Who runs PGI Global?
PGIGlobal.Trade does not mention the owner and co-owner of the company. However, research indicates that Ramil Ventura (RF) Palafox and Mark Davis are running the company. In 2018, it was announced that Palafox was the President of AI Trade, and Mark Davis was its co-owner. AI Trade was found to be a total scam because it was an ordinary Ponzi scheme.
RV is believed to have involvement in many crypto companies like Bitcoin Network, Aitbut, CWE, and Trade Coin Club, which have made him a popular name in the industry. However, most of these companies do not exist, not due to legal cases against them.
It is not far-fetched to think that PGI Global will also turn out to be another Ponzi scheme because its compensation plan and business model is similar to AI Trade. According to social media profiles, Palafox lives in the Philippines. On the other hand, Mark Davis lives in Australia. However, it has been reported that the owners are in Panama and running from the law agencies due to their past illegal activities at AI Trade.
Every single detail about its founders raises red flags about PGI Global. It would not be wrong to say that they have already scammed thousands of people through their previous companies, and they are trying to do the same via this new crypto MLM scheme. Do not fall for this. Instead, try using crypto cloud mining companies to take benefits from their legal and trusted services.
Products and Services of PGI Global
Like many other crypt MLM companies, PGI Global does not have any products or services. It is noticeable from their website that they do not plan to offer any retail products in the future as well. You have to buy their affiliate memberships to become a part of the community. The most basic level of affiliate membership requires an investment of $100. The highest investment you can make is $500,000 to join the Diamond Level. To ensure passive income from the company, it promises to give daily ROIs until you reach a maximum of 200% of your investment.
Even though they claim to generate funds through crypto trading and association with a popular healthy drink, there is no proof of that. The company’s only source of funds seems to be the affiliate memberships, which makes PGI Global a conventional MLM company. You have to pay a lot of money to become the affiliate member and then keep paying $19 per year. Residual commissions and promised ROIs are the only way to make some money from the PGI Global.
Joining PGI Global
Members must pay $100 to become a part of the PGI global. Moreover, they have to submit a fee of $19 per year to maintain their affiliate membership status. The investment is necessary to get 0.5 to 3% promised daily ROI until you get $100. It is important to note that the company only accepts payments in the form of Bitcoins.
Various levels of investment are available to cater to different members. The more money you invest in PGI Global schemes, the more ROI you will receive. The maximum ROI on any investment is 200%.
Here is a sign-up fee structure of the company for different levels:
- $100 to join the Sapphire Level
- $1000 to join the Ruby Level
- $20,000 to join the Emerald Level
- $500,000 to join the Diamond Level
Compensation Plan
There are two ways of earning money via PGIGlobal.Trade.
1. Daily ROI
You have to make an investment of at least $100 to start earning the daily ROI. There are different levels that you can join, depending upon the amount of your investment. The daily ROIs range from 0.5% to 3% according to your membership level until you get the maximum return of 200%.
2. Referral Commissions
At its core, PGI Global is an MLM company. Referral commissions are an essential part of the company. You have to recruit others and build a team of a certain size to make additional money along with the ROI that the group promises. To earn a greater amount of commissions, you will have to climb the ranks.
There are 10 ranks named PG1, PG2, PG3, and so on. Each of these ranks offers varying commissions and a reward like a smartphone, MacBook, and a car. The company claims that at PG10, you will get a house and a luxurious car. However, remember that the owners of PGI Global are on the run from the authorities, and such promises and ranking systems are just designed to trap people.
Direct Commissions of PGI Global
The company offers direct commissions to those who sponsor new affiliates. The amount of direct commission you receive will depend on your package level and your investment amount. You can earn the following amount of direct commissions on different levels:
- 6% on direct referrals at Sapphire Level
- 8% on direct referrals at Ruby Level
- 10% on direct referrals at Emerald Level
- 12% on direct referrals at Diamond Level
Moreover, PGIGlobal.Trade mentions that you can earn ‘boosted direct commissions’ when your referrals join the same package as you or even higher. The boosted direct commissions are:
- 8% on direct referrals at Sapphire Level
- 10% on direct referrals at Ruby Level
- 12% on direct referrals at Emerald Level
- 14% on direct referrals at Diamond Level
Final Verdict About PGI Global
It is hard to trust a company that is established on a weak foundation. The same is the case with PGI Global. On paper, its compensation plan and business structure may sound very convincing. However, the team behind this company should be the biggest concern of the investors. The owners have a very shady past of running AI Trade, which was a scam company
The company claims to generate funds through trading and to sell crypto ATMs. However, there is no proof of any external source of income for the company. It simply means that PGI Global is a crypto MLM company that is relying on the investment of the new members. In fact, it fulfills all the conditions of a Pyramid scheme.
Therefore, do not invest in this shady venture. Try crypto cloud companies that are much more reliable than the fraudulent MLM companies like PGI Global. Crypto cloud companies are transparent, and most of them even provide their services for free, which ultimately allows you to mine your own cryptocurrency with minimum risks.