Your Ponzi has collapsed and you’re all out of ideas.
Nothing you’ve implemented has successfully restarted your scheme and angry investors are fast losing their patience.
So what do you do?
Well, if you’re Victor Rival from Argent Global you throw it over to your investors to sort out.
Unfortunately, while it might buy Rival and friends some more time, turns out this isn’t the best of ideas.
Turning to Argent Global Network’s leaders (read: desperate investors who still think they’re going to recoup at least their initial investment), AGN management sent out the following email last week:
Dear AGN Members,
May this message find you in great spirits throughout the Easter holiday weekend! We have some information we would like to share with you.
Due to the challenges we’ve been facing lately, we find ourselves at a cross-road in regards to our business and we would love to give you the opportunity to participate in our decision.
We sent out an announcement a week ago, explaining (that) … due to lack of adequate funding at this time, we had to suspend earnings from Profit Credits.
After this announcement was made, some leaders took the initiative to brainstorm suggestions as to what we can do to improve the business and move forward.
So, over the last few days, they have sent us several e-mails with those ideas, which we are deeply thankful for.
In the poll on the link below you’ll find a plan that involves most of these suggestions that they have submitted to us for consideration.
Suggestions, as submitted by AGN investors and with commentary from myself, are as follows:
1. Limit minimum withdrawal to $100.00.
Stop other people from withdrawing so those with more invested (and thus a higher rate of ROI) can withdraw their money quicker.
2. Pay Profit Credits only once a month, while matrix would be paid weekly or in less time.
Doesn’t address the issue of a lack of newly invested funds coming in.
By reducing Ponzi ROIs in favor of the matrix, all they’d be doing is once again favoring those with larger downlines who would receive large matrix commissions.
3. Priorities: Sort out the problem with withdrawals that are still processing; Pay owed money to members; Load the cards that are still 3 – 5 weeks and still no card; Check with Santander Bank about money deposited by members to AGN but still not loaded into AGN depository since last year.
Also, boletos and credit card money that are still not in ArgentPay.
This seems more like a wishlist then an actual attempt to solve the problem of there being a lack of funds to pay out.
I suppose one could argue that by fixing the above it might be easier to attract new suckers into the scheme… but it’s a chicken or egg scenario.
Affiliates aren’t getting paid because there’s no new investment funds flowing in. New investors aren’t being recruited because existing investors aren’t getting paid.
4. For each day that Profit Credits have not been paid to members, one free membership day
🤖 Quick Answer
What is the Argent Global Network collapse situation?Argent Global Network, led by Victor Rival, faced investor dissatisfaction after multiple failed scheme restart attempts. Management subsequently delegated decision-making to remaining investors through polling, seeking solutions to restore confidence and retain capital amid widespread operational collapse and financial difficulties.
Why did AGN management resort to investor polls?
With traditional recovery strategies exhausted and investor patience diminishing rapidly, AGN leadership implemented polling mechanisms as a last-resort strategy. This approach attempted to provide stakeholders perceived control while buying management additional time to develop viable solutions or exit strategies.
What characterizes the current AGN investor situation?
Remaining AGN investors face significant uncertainty regarding capital recovery prospects. Despite initial investment expectations, participants continue involvement based on hopes of recouping principal amounts, though management's delegation of critical decisions indicates fundamental operational and financial instability within the organization.
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