Investors affiliated with Paraiba World who attempt to withdraw complain about non-payment.
Currently, withdrawal payments from the Paraiba World Ponzi scam are around three weeks behind schedule.
This week, a reader informed me about Paraiba World’s withdrawal issues.
A similar problem was raised in a letter from another BehindMLM reader. From a recent Paraiba World webinar, they offered the following screenshot:
Affiliates of Paraiba World are also complaining about difficulties with withdrawals elsewhere on the internet:
According to a TrustPilot investor, Paraiba World’s withdrawal troubles are due to banking concerns:
The phrase “unique private bank” is used to describe Paraiba World.
This assertion is supported by a fictitious Mwali bank license.
The Union of Comoros is a group of islands off the east coast of Africa that includes Mwali.
The Banque Centrale des Comores published a notice on “illegal offshore financial operations” on June 17th.
A list of websites that the Central Bank alleges are granting fraudulent banking licenses were also given.
Guess who was responsible for getting Paraiba World’s Mwali banking license?
Paraiba World’s fake Mwali banking license is posted on Mwali Registrar under the name “Unique Private Bank Ltd.
Every license on the website, according to the Central Bank of Comoros, is fake.
I’m not sure whether Paraiba World’s withdrawal problems have anything to do with the timing of the Central Bank’s warning.
“Trillant” is mentioned in a discussion on a Paraiba World Facebook group.
Trillant, dubbed “the next phase” of Paraiba World, first appeared in late May.
Combining the two, it seems Paraiba World perished in the Luna/Terra crypto meltdown of May 2022.
Trillon, which is positioned as an internal stable coin, is being released as part of Trillant by Paraiba World.
The switch from USD to internal money that Paraiba World creates out of thin air is intended to prolong the Ponzi scheme.
However, on the back end, Paraiba World affiliates will still wish to withdraw their amounts (be it USD or Trillon).
However, persistent withdrawal issues indicate that Paraiba World lacks the funds to make payments.
Erich Ely is undoubtedly working on a fictitious justification to keep from admitting that Paraiba World has crashed.
We’ll let you know if there are any updates.