pgi phoenix group international s.a.s

PGI Phoenix Group International S.A.S, operating under the name "PGI Global," solicited funds from investors worldwide with the promise of high, passive returns from purported trading in cryptocurrency and forex markets. The company claimed to use proprietary software and expert traders to generate profits. However, investigations by financial authorities concluded that PGI Global was operating as a Ponzi scheme, using funds from new investors to pay returns to earlier ones, without any legitimate business operations to support the promised profits. The scheme collapsed after numerous regulatory warnings and legal actions were taken against its founder and operations.