Over the past few months Argent Global Network have continued to string what’s left of their affiliate-base along.

Restructuring, new business models and compensation plans have all been used to appease those who initially invested in the scheme, and now wonder where their money went.

Now, in an email update sent out to affiliates yesterday, the company is announcing it can no longer meet it’s daily ROI obligations.

Why?

A “lack of adequate funding”.

The email update, signed off on by Argent Global Network LTD, begins by explaining how AGN got to its current state.

Issues with their former processor Rapid Pay Global are cited, along with a US court ruling:

As you know, the reason that led to the initial changes to AGN’s business model is a result of the U.S. Circuit Court ruling in June of last year.

That ruling rendered our previous business model, which included the purchase and management of advertising packages, at odds with U.S. regulations.

The Circuit Court ruled that this was no longer an acceptable practice, and we moved to make a change to address this ruling.

I went back and looked my archives, finding that the only Circuit Court decision we covered that month was the
Burnlonge appeal denial
.

In essence, the appeal was denied because “92.6% of BurnLounge’s revenue in 2006” was sourced from affiliates. Retail sales activity was non-existent, thus making Burnlounge a pyramid scheme.

What this has to do with
Argent Global Network running a 
Ponzi scheme
, I have no idea. There are obvious differences between BurnLounge and Argent Global Network’s compensation plans, with the citing of the BurnLounge appeal coming off more as an excuse than reality.

Furthermore it wasn’t until late July (the BurnLounge appeal was denied in the first week of June), that
Argent Global Network suspended its US operations
.

Cue months of delays and numerous changes within the company, and at some point earlier this year, Argent Global Network emerged as a reboot.

We emerged out of the restructuring period with lots of energy and optimism from our members.

We had great expectations for the work that had been completed, and were looking forward to fewer systemic issues that would reduce the stress on the business.

I myself have been loosely following the developments, but till date there hasn’t really been anything concrete worth reporting on.

Business activity remains in standstill and, after AGN pulled a bait and switch, all that’s left are a bunch of Ponzi investors hoping to recover their initial funds.

In order to uphold the commissions promised these affiliates, AGN appears to have carried over its existing ROI liability into something they call “Profit Credits”, which is paid out via a “Profit Share”.

Yeah I know, doesn’t sound all that different to what they were initially offering. So much for “restructuring” I guess.

Anyway, here’s how that’s worked out:

There are still ongoing challenges for our members all over the world wit

🤖 Quick Answer

What happened to Argent Global Network's ROI payments?
Argent Global Network announced suspension of daily ROI obligations due to lack of adequate funding. The company cited issues with former payment processor Rapid Pay Global and a U.S. Circuit Court ruling as contributing factors to business model restructuring and financial difficulties.

Why did Argent Global Network face funding problems?
The company encountered legal complications through a U.S. court ruling and processor disputes with Rapid Pay Global. These issues forced restructuring of compensation plans and business operations, ultimately depleting available funds for investor obligations.

How did Argent Global Network attempt to manage affiliate concerns?
The company employed restructuring announcements, introduced new business models, and modified compensation plans to retain its affiliate base while managing financial constraints and delayed investor returns.

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