Today we will be reviewing an MLM company known as PGI Global. Is this company legit? Find out in this PGI Global review.
These days, crypto is all the rage. After all, the prospect of quick money is appealing. All we desire these days is to discover a method that could allow us to make more money while still working our full-time careers.
There are a number of new cryptocurrencies surfacing these days. People assume that investing in them initially would give them an edge, which is why they are so popular.
After all, those who succumb to the hype will enjoy the benefits, assuming any exist.
As a result, cryptocurrency frauds are on the rise. For starters, this organization has already pulled off a “exit scam,” in which they have taken all of the money invested in them and vanished without a trace.
In this review, I will provide you with entirely impartial information about the organization. I’ll also provide you some pertinent information their possible whereabouts now.
Before you decide to look into investing in crypto, you should read this PGI Global review first. You should check if it is worth your time before you make such a huge decision.
DISCLAIMER: This is a fully independent review. I’m not affiliated with PGI Global in any shape or form whatsoever.
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PGI Global Review – Quick Details
- Name: PGI Global
- Website: Now defunct, not available
- Type: Multi-level marketing company
- Niche: Cryptocurrency
- Owner: RV Palafox
- Recommended?: MLMs aren’t profitable whatsoever, therefore I will never recommend them. They simply want your money and are willing to do anything to get their hands on as much money as they can. Compared to the opportunity I have for you, MLMs are nothing but bad news.
What is PGI Global?
PGI Global, or Praetorian Group International, was a crypto MLM firm. They claimed to be able to handle your Bitcoin from a single platform. It seemed to be a licensed bitcoin trading firm.
Aside from cryptocurrency, they also peddled physical health and wellness items, particularly those linked to traditional Chinese medicine.
Like a typical MLM company, members make money by recruiting others in the firm. This is typically the primary source of income for members.
Who Was Behind PGI Global?
Ramil Ventura Palafox, also known as RV Palafox, was the one behind this company. PGI Global was founded by him and he also served as the CEO.
This individual was also the president of the notorious AI Trade company, also called AI Trades Global. AI Trade was a cryptocurrency MLM Ponzi scam whose website has been done for quite some time now.
PGI Global is based on the same principle that AI Trades was. As a result, it’s simply a rehashed firm attempting to get fresh participants into the business.
After all, it’s not uncommon for the folks behind new MLM cryptocurrency businesses to have a questionable background.
RV Palafox was also engaged with various Crypto Currency-based enterprises, such as BitClub Network, USI tech, and Trade Coin Club, according to a lot of sources.
What Was the Process of Joining PGI Global?
You won’t be able to register until you know someone who could sponsor you.
On the other hand though, looking for one is not that hard. A lot of members post their sponsorship links in Facebook groups, so I guess that is what most people used to join the company.
After you’ve confirmed your email, you’ll be able to access the PGI Dashboard. You must also supply an updated BTC address.
Once you decided to join, it will cost you a fee starting at $100. You are required a membership fee of $19 yearly to keep your account active. You can only pay using BTC though.
The following were the bundles and their associated prices:
- Silver – $100 to $600
- Gold – $1000 to $10,000
- Platinum – $20,000 to $100,000
- Titanium – $500,000
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PGI Global Compensation Plan
It is possible to earn direct commissions, as well as residual commissions. After all, that is how most MLMs pay their members.
You can reach 10 ranks in total. You get a reward every time you climb ranks.
- PGI1 – $50,000 GV on both legs in binary (Mont Banc Pen as a bonus)
- PG2 – Maintain PG1 on left leg, and PG2 on the right leg (Smart Phone as a bonus)
- PG3 – Have four PG1 and two PG2 anywhere in the binary (Macbook as a bonus)
- PG4 – Have eight PG1, four PG2 and two PG3 anywhere in the binary (Cruise as a bonus)
- PG5 – Have sixteen PG1, eight PG2, four PG3 and two PG4 anywhere in the binary (Honda Civic as a bonus)
- PG6 – Thirty-two PG1, sixteen PG2, eight PG3, four PG4, two PG5 anywhere in the binary (Rolex)
- PG7 – Thirty-two PG2, sixteen PG3, eight PG4, four PG5, two PG6 anywhere in the binary (Mercedes)
- PG8 – Thirty-two PG3, sixteen PG4, eight PG5, four PG6, two PG7 anywhere in the binary (Tesla S)
- PG9 – Thirty-three PG4, sixteen PG5, eight PG6, four PG7, two PG8 anywhere in the binary (Lamborghini)
- PG10 – Thirty-three PG5, sixteen PG6, eight PG7, four PG8, two PG9 anywhere in the binary (House and car)
Direct Commissions
Depending on whatever plan you choose, you may earn direct commissions on your individually sponsored users.
- Saphire – earn 6%
- Ruby – earn 8%
- Emerald – earn 10%
- Diamond – earn 12%
You may also earn more direct commissions if there are active users who have the same or higher package as you.
- Sapphire – earn 8%
- Ruby – earn 10%
- Emerald – earn 12%
- Diamond – earn 14%
Residual Commissions
The binary compensation scheme is used to pay all residual commissions. You must sponsor at least two persons, one on each side, in order to be eligible for a binary.
A binary compensation plan divides into two sides (left and right) with you at the top of the binary structure. There are two spots on the first binary level.
The binary’s second level divides the initial two places into two more, resulting in a total of four locations. This continues to divide limitless lengths deep, but an MLM usually sets a limit.
Team members may either directly or indirectly fill positions in the binary compensation scheme. You get compensated for the shorter leg, and any remaining volume is carried over to the following pay period.
You may earn the following in the binary depending on whatever bundle you chose:
- Sapphire – earn 8%
- Ruby – earn 8%
- Emerald – earn 8%
- Diamond – earn 10%
If you have someone with the same package as you and/or a higher package than you, you may receive increased residual commissions.
- Sapphire – earn 10%
- Ruby – earn 10%
- Emerald – earn 10%
- Diamond – earn 12%
Is PGI Global a Scam?
Yes, obviously.
PGI Global is just a rehashed version of AI Trades, a Ponzi Scheme that has previously failed and is no longer in existence.
PGI’s founder is definitely not a person you can trust. After all, he already performed an exit scam. He is already out there somewhere, possibly plotting on what his next scheme should be.
It’s conceivable that some of the members made a profit, but only for the time being.
However, upon further research of the firm, I found far too many red flags.
How Did the Company Die?
PGI Global, a cryptocurrency and multilevel marketing company with over 130,000 investors in 199 countries, has defrauded thousands of investors out of tens of millions of dollars.
The website of Praetorian Group International has already been taken down.
As a result of PGI Global’s demise, the corporation has begun to restrict comments on its official Facebook page. The business’s most recent post in the page, dated June 27th, details a broadcast involving PGI Global’s Estonian shell company.
It looks like Palafox has fled to Dubai. Dubai has been known as the MLM scam capital of the globe in recent years due to a lack of regulation and extradition accords.
In October 2020, Palafox’s co-conspirator, Mark Davis, who lives in Australia, shut off his social media accounts. Davis’ personal website has been deactivated as well.
Just recently. Palafox has reappeared to announce the relaunch of PGI Global. He looks to be on the run from the police in the United States though. As a result, he will not be directly overseeing the company’s relaunch.
PGI Global has relaunched under the leadership of top earner Helen Graham, seeing as Palafox cannot is still on the run from the authorities. There does not seem to be any updates regarding how the company is doing right now though.
10 Shocking MLM Statistics that You Need to Know!
- Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
- There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
- Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
- The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
- According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
- In the remaining 26% that actually make money, 53% of them make less than $5000/year.
- 39% of those 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
- Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
- 75% people that joined MLMs say that they will never again join any kind of MLM.
- A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.
SOURCES:
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Alternatives to PGI Global
No matter what items or services MLMs provide, they will always fail. As a result, I would never advise you to join one.
So, do you think you’ve got what it takes to start a side hustle to supplement your income? After all, a side hustle is meant to be something you do on the side of your normal employment.
If you ask me, it should be something you like doing rather than something that necessitates a comprehensive knowledge of a broad range of subjects with which you are unfamiliar with. You’ll need a stronger, more aggressive approach if you want to earn a lot of money, however.
If you know where to search, you can find a variety of possibilities. All that’s left for you to do now is choose a niche in which you believe you can prosper.
The perfect side hustle, in my opinion, should be easy to start up and give a steady and constant source of revenue.
Final Verdict – PGI Global Review
Before I end this PGI Global review, I would like to share a few more insights that could help you.
I’m certain that when now that you have read the entirety of the review, you’ll have learnt all you need to know regarding this scam of a company. To begin with, I acknowledge that I have previously stated my disapproval of multi-level marketing.
Don’t be taken in by any of their promises; everything they say or do is a ruse to get you to invest in a dream that they fabricated.
Similar to Ponzi scams, commissions are usually calculated by the number of new members recruited into the scheme. That is, by the way, against the law.
The claims made by these companies continue to deceive people, which is why a lot of MLMs continue to stay in business. These businesses are masters at deceiving individuals into believing they would be given a fantastic chance that will change their lives.
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