Argent Global Network
With the shutdown of TelexFREE, there is a wealth of information from the SEC on how scams like TelexFREE run. A business opportunity by the name of Argent Global Network was brought to my attention by the company’s promotion, and it looks like it is running the same type of scam as TelexFREE. Let’s take a look and see if that is the case.
What Argent Global Network Claims
Argent Global Network is like a traffic exchange that rewards you with a share in revenues (cash) rather than give you credits.
Argent Global Network an opportunity to work from home. An online business that can generate anywhere from $200-$400 in real income per day online.
Argent Global Network offers online advertising solutions that helps to drive traffic to your business and generate for you business revenues.
Here is a video that shows how this scam is presented.
What Argent Global Network Really is
Victor Rival is the CEO of the Argent Global Network.
It was founded in 2013.
Compensation Plan
Option 1:
Free Subscriber
Place up to 5 online advertisements per day for 60 days.
Once your 60 days have ended, upgrade by subscribing to one of the paid subscription options discussed below.
Option 2:
Paid Subscriber
Subscription levels:
Silver ($10/month), Gold ($50/month) or Diamond ($100/month)
Purchase one or more AGN packages. Note, that package purchases are final and non-refundable. How many packages you can buy depends on your subscription level:
Silver Subscribers can purchase up to 20 packages;
Gold Subscribers can purchase up to 50 packages;
Diamond Subscribers can purchase up to 100 packages.
Place daily online ads based on the number of packages purchased.
Package commissions allow you to earn money on a weekly basis from the packages purchased. Earnings will expire when the package has expired.
| Package Name | Cost | Weekly Earning | Expiration Date |
|---|---|---|---|
| Basic | $150 | $10 | 1 year |
| Basic Plus | $300 | $20 | 1 year |
| Premium | $600 | $40 | 1 year |
| VIP | $1200 | $80 | 1 year |
| VIP Plus | $2400 | $160 | 1 year |
You must place the required ads per day to receive the full weekly amount. A daily deduction of 20% will apply for each day missed up to 3 days. After three days, the weekly earnings will be forfeited.
Recruiting And Matrix Commissions
- For Silver Member referral you receive $2.
- For Gold Premium referral you receive $10.
- For Diamond Premium referral you receive $20.
- Free members are placed in the matrix, but they can’t earn from their upgraded referrals.
SILVER MEMBERS
- $10.00 Monthly Subscription.
- Silver member automatically have 10 PV.
- Personal Volume per Premium Subscription Level:
Silver – 10 PV
Gold – 50 PV
Diamond – 100 PV.
GOLD MEMBERS
- $50.00 Monthly Subscription.
- Gold members automatically have 50 PV each month.
- Personal Volume per Premium Subscription Level:
Silver – 10 PV
Gold – 50 PV
Diamond – 100 PV.
DIAMOND MEMBERS
- $100 Monthly Subscription.
- Diamond members automatically have 100 PV.
- Personal Volume per Premium Subscription Level:
Silver – 10 PV
Gold – 50 PV
Diamond – 100 PV.
Comparison Between Scams
Here is how the Argent Global Network is described by a new member.
One month ago, I started my Network Marketing adventure. I was nervous, worried but excited. I had every confidence in Argent Global Network as I personally know many professional people who have joined up and are earning excellent returns every week. They showed me their online accounts proving the money they have received since joining.
So I joined and I purchased 60 Ad Packs and began placing 6 advertisements every day. I specifically wanted to generate a good weekly income so I targeted $600 US dollars per week. My online AGN account provided me with a dashboard that allows users to control Ads, transfer money to and from your bank and manage all aspects of your online marketing work.
Similar post: EmGoldex
I found placing the Adverts a very simple exercise. The six AD boxes are listed in my online account and every day I must click on each box and follow the link to the Advertisement. I input the ad details to the online link and copy the confirmation of the newly posted ad. I go back to my AGN dashboard and paste the confirmation link. This completed the process of placing an Ad. I repeated this process 6 times and my days work is complete. – Source Argentglobalreview.blogspot.com
Basic Plus Ad Pack Price: $300
No. of Ads Placed Per Day: 1
Income Per Week: $20
Income Per Year: $1,040
Here is how the TelexFREE scam was described before it was shutdown.
The “AdCentral” program cost $339 ($50 membership fee plus $289 contract fee) for a 52-week contract. Promoters in the AdCentral program received ten one month packages of “99TelexFree” VoiP service and were required to place one internet ad per day. For each week that AdCentral promoters placed the required number of ads, they received one additional VoiP package. AdCentral promoters who posted the necessary ads were promised a weekly $20 payment, or $1,040 for the year. An AdCentral promoter who completed one 52-week contract was thus supposed to receive $1,040 – an annual return of 207% on an investment of $339.
TelexFREE was operating a classic pyramid. Because revenues from VoiP sales were so small, TelexFREE was forced to use money from newer investors to make its payments to older investors.
– Source SEC
From the comparison in payments and returns for the Argent Global Network and TelexFREE you can see that they are using almost exactly the same Ponzi scheme to take peoples money. Also, they are using almost exactly the same ad placement method to fool people into thinking they are involved in something legitimate.
Here is a comment made by Security Safe on Nov 3, 2014:
Argent Global Network is definitely a scam. Everything started going downhill on July 25th, 2014. Since then there has been nothing but empty promises. They say, “Just be patient. We’re being honest with you. We have to come up with a new business model in order to be US compliant, and then we’ll be up and running and everyone will get the money they are owed.” Victor Rival even promised on a conference call he would pay people out of his own pocket if he had to. They kept holding conference calls assuring everyone that everything will be up and working soon. But when members started to try to get some money out, all of a sudden things don’t work. They claim that the bank they switched to is at fault. They tell everyone, we are sending out your debit cards this week. The cards never came. The next week, “We are sending out your debit cards this week.” Cards still never came. Oh, well you have to be verified, submit your documents to make sure you’re verified. We submitted our documents, never got verified, cards still have not been sent. ARGENT GLOBAL NETWORK IS A SCAM. THEY STOLE A LOT OF PEOPLE’S MONEY AND MADE OFF WITH IT. THEY ARE THIEVES. LYING, SCHEMING, FILTHY THIEVES. Now, they are not even giving members their payouts for package earnings. They claim they will be working on things behind the scenes and will be back in January. Until then, they ask that we continue to post ads so their site stays popular, but we won’t be getting paid for it. WE CAN’T EVEN SEND THEM EMAILS OR GET IN TOUCH WITH THEM IN ANY WAY, NOR WILL WE HEAR ANY UPDATES UNTIL THEY “COME BACK.” I don’t think they’re coming back. I think they got the money they wanted and they’re sitting pretty and don’t care about all the lives they’ve ruined. Personally, I’m submitting them for Internet fraud to the FBI. Not sure what that will do, but I still have to do something.
Conclusion
The Argent Global Network scam is operating a Ponzi/Pyramid Scheme like TelexFREE which was recently shutdown. If you are involved with the Argent Global Network, I would recommend you get your money back now. If you are not involved, you can count yourself fortunate. Avoid the Argent Global Network scam.
Talk Fusion
LED Capital
Dr. Henrique Duck, PhD in Media Studies and Critical Theory, specializes in writing detailed critics stories and reviews. He has contributed to prominent newspapers and websites, providing insightful analysis of media content and its effects on society.
Report them to SEC , we have done so and have received replies from them .Here is the link for people to report them, its easy to fill out,you dont have to fill out all the boxes , the main one is to explain your complaint in the appropriate box…….https://tts.sec.gov/oiea/Complaint.html
Argent Global Network Leaders hereinafter the ‘’cartel’’ have been paid up to date and are still getting paid on a weekly basis.
When these individuals are challenged or questioned they state “I am A member just like U”. They also accuse the questioners of being pessimistic.
This was an orchestrated scam, set up by Victoriem Rival, Michaela Rival and funded by Cathal Lambe.
After Cathal lost funds in Zeek rewards, Cathal, Victoriam and Michaela became partners in crime, with a history of being involved/promoting pyramid schemes amongst other scams.
This cartel has deceived many people globally with no intentions of AGN ever being a legitimate company.
Recently, the cartel were offered a way to save the company and honest members could see their funds returned, They refused, ‘’WHY’’ because they would have to come clean and the front men/women would lose their weekly allowance.
Some leaders have promoted this scam on false pretences from june 2014 onward, with full knowledge that new affiliates were not getting paid or ever going to be paid. Thus proving they are involved in this scam, if certain leaders are entrapped and not a corrupt syndicate member (innocent) now they have the opportunity to prove same.
Proceedings have been issued, litigation has started, with all our collective stories, Statement of Claim/s together and formulated into legal jargon, Then ventilated through the courts, at the hearing of the action wherein we will be naming the individuals of the cartel,
We will collectively instruct groups in areas to bring your statements to the fraud squad together with a list of laws they have broken. We also take our proofs to the media to expose this cartel, as they think they can now live peacefully in our communities after what they have done to the people.
Unfortunately we cannot promise that you will get your Funds returned, however together we will ensure justice will prevail.
If you would like to join us, email Your Contact details to: ag*******@gm***.com and subject: It’s Wrong.
Your up line’s Name?
Any history on them?
Has your up-liner stopped taking calls?
Has your up-liner changed telephone number?
A general run-down on AGN events, meetings dates you attended etc.
Who held the meeting/event?
Really any or all information big or small that will bring this corrupt syndicate to justice.
Please refrain from asking questions, we do not want to jeopardize our legal position by information/proof that may find its way back to the cartel, a lot of information has been collected and more will be welcomed.
Please share and circulate this information on any Social Media Platforms that you deem appropriate, exposure now is crucial.
We Thank You, for taking time to read this, and wish you a merry XMAS and many happy years. if you are a leader may they be in jail:).
The leaders have had 7 days to respond, none responded.
Paul Howard.
Here is the latest on the scam, letter put up on Argentpay site by the owner of Cascadia Finance who is running the payment side of things for AGN … April 9, 2015
Notice of Program Suspension
Mr. Victor Rival
President
Argent Global Network Ltd. (AGN)
16 Alberto Hoy Avenue, Belama Phase 1
Belize City, Belize
Dear Mr. Rival,
This letter is being written to confirm that effective immediately all services provided to Argent Global Network through the Argent Pay website will be
suspended pending a thorough investigation of recent activities conducted by yourself, AGN and its employees. As you are aware, you recently requested
our company and itsservice providers assist you with the reversal of “Profit Credit Payouts ” that were issued by AGN on the dates of March 5, March 12 and
March 19, 2015. As you are additionally aware, the funds with which you made these payments to members of Argent Pay were never deposited into the
Argent Pay Program.
It should be noted that while a deposit was never made to the banking facilities utilized by Argent Pay, your use of these of these funds in paying “Profit
Credit Payouts ” on the dates indicated above has resulted in a substantial loss to member balances on Argent Pay.
AGN and yourself have been made aware of this loss to member balances through numerous conversations with representatives from our company.
It should also be noted that until which time we receive adequate evidence or a statement from you explaining in detail the events surrounding your recent
activities the total balance of the funds issued to your account will remain active. These funds are considered owed to the Argent Pay program by AGN.
I am confident we will work towards an amicable solution however, until which time one is reached the following actions shall become effective
immediately:
Argent Global Networks API connection to our system will be disabled.
Argent Global Networks Administration Privileges on Argent Pay will be terminated.
Argent Pay Members will be asked to not make payments to the banking facilities or through the services available on the website.
We will need to freeze all wallet transactionalservices on the Argent Pay site until we finish the Audit and until which time the reversal is
complete. We apologize to Members for this inconvenience however thisis the onlyway to fullydetermine the damage caused by AGNs actions.
Any Argent Pay Members that do make a deposit to the banking facilities shall have these deposits returned to them. AGN will be billed for our
cost of performing the refund transaction.
A copy of this notice will be placed on the Argent Pay website for the purpose of informing
members of the current situation.
The “Profit Credits Payout” Reversal Process
We will begin reversing all transactions that were made from the Argent Pay main account using funds that were not honored by AGN or yourself. Prior to
the reversal we will conduct a thorough audit of all transactional history for the Argent Pay Program, the findings of which will be submitted to AGN and
shared with the members of Argent Pay.
More Information regarding the reversal process will be posted on the Argent Pay website in the coming days.
Sincerely,
Euro Cascadia Unipessoal LDA.
Yes, I am just after speaking with Carla Pennington Executive Producer with the “Dr’ Phil” Show, one of the biggest talk shows in America. and he is looking into doing a Company Search, so that should be interesting !!!!!!!!!!!!!!!! I have been with Argent Global Network for 8 months and I never got a card or money since, even though I was promised earnings within weeks of joining. Mary T from Mayo, West Coast of Ireland.
good work,its past time that we members should give them publicity. they should be locked up for stealing our money,telling lies while we are robbed of our hard earned cash. exposure is crucial. justice must be done asap. for this fraud.
This is the follow up posting done by the owner of Cascadia Finaance this morning, follows on from what he posted earlier…..April 9, 2015
Notice of Program Suspension
Attention AGN and Argent Pay Members,
This letter is being written to confirm that effective immediately all services provided to Argent Global Network through the Argent Pay website will be
suspended pending a thorough investigation of recent activities conducted by AGN. AGN recently requested our company and its service providers assist
them with the reversal of “Profit Credit Payouts” that were issued by AGN on the dates of March 5, March 12 and March 19, 2015. The funds with which
AGN made these payments to members of Argent Pay were never deposited into the Argent Pay Program.
It should be noted that while a deposit was never made to the banking facilities utilized by Argent Pay, AGN’s use of these of these funds in paying “Profit
Credit Payouts” on the dates indicated above has resulted in a substantial loss to member balances on Argent Pay.
AGN has been made aware of this loss to member balances through numerous conversations with representatives from our company.
It should also be noted that until which time we receive adequate evidence or a statement from AGN explaining in detail the events surrounding AGN’s
recent activities the total balance of the funds issued to AGN will remain active in the Argent Pay System, however they will need to be reversed from
Member Account Balances. As far as we are concerned these funds are considered owed to Argent Pay program and its members until which time AGN
produces evidence to the contrary.
We are confident AGN will work towards an amicable solution however, until which time one is reached the following actions shall become effective
immediately:
Argent Global Networks API connection to our system will be disabled.
Argent Global Networks Administration Privileges on Argent Pay will be terminated.
Argent Pay Members will be asked to not make payments to the banking facilities or through the services available on the website.
We will need to freeze all wallet transactional services on the Argent Pay site until we finish the Audit and until which time the reversal is
complete. We apologize to Members for this inconvenience however this is the only way to fully determine the extent of the damage caused by
AGNs actions.
Any Argent Pay Members that do make a deposit to the banking facilities after the date of this notice shall have these deposits returned to them.
AGN will be billed for our cost of performing the refund transaction.
Any Argent Pay Members that have made a deposit in the Month of March and not had this deposit credited to their wallet account will also have
their deposit returned to them.
Our goal is to properly account for all member balances on the Argent Pay System prior to the “Profit Shares Payouts” conducted on the dates listed above
and ensure all members are able to access funds that were deposited and not yet withdrawn independently of the “Profit Shares Payouts”.
More Information regarding the reversal process will be posted on the Argent Pay website in the coming days. Members with concerns over balances held
independently of “Profit Shares Payouts” are encouraged to contact us directly via the following email address: sy******@ar*******.net. We expect to
receive a heavy volume of inquires so we ask for your patience while we work to respond to your concerns.
Any members with concerns regarding “Profit Shares Payouts” and the pending reversal are encouraged to contact AGN directly.
Sincerely,
Argent Pay System Administration