What is Pbio (PraxisBiotech)? Is Pbio.com a Scam or a Legit?
Although Pbio refer to the short form of Pressure Biosciences Inc, but here we are not talking about that, but we are talking about the company whose domain is “pbio.com” with a company name Praxis Biotech. So, if you were searching the Praxis Biotech reviews in order to find out either is Praxis Biotech a scam or a legit, overall about what is Praxis Biotech, then you are absolutely in the right place. Here, within our Praxis Biotech review, you are going to find out the complete truth about Pbio.com. Actually we don’t recommend anyone to invest their money in Praxis Biotech because it is not what it is claiming to be. In real, Praxis Biotech is a Ponzi scheme which is neither a legal nor a sustainable business. If you want to know more about Praxis Biotech, then you can find in detail within our Pbio review as below. However, if this short information on Praxis Biotech is enough for you and now instead of finding out more details on Praxis Biotech (Pbio), if you want to find out the real opportunities to make money online, then you can find those by clicking this link:- newsonlineincome.org/legitimate-work-home-businesses/
Among those recommended online works and businesses, we have given high score to Wealthy Affiliate by considering many factors like business sustainability, the amount of successful members, the numbers of years that business is running, the amount of money that members can earn from the company, the legality of the business and so on. If you want to find out the detail review on Wealthy Affiliate, then you can find that by clicking this link:- newsonlineincome.org/wealthy-affiliate-review/
OK, let’s begin with the PraxisBiotech review as below in order to find out what is Pbio.com in real.
Praxis Biotech login and join in link:- https:// pbio. com/ (Not Recommended to join)
What is PraxisBiotech and why we don’t recommend it?
Praxis Biotech is not what it is claiming to be. It is lying to be a company founded to identify, finance and develop promising technologies in the life sciences. It lies it is using the investment of members on that life science sectors and making profit to pay them back upto 5.05% interest daily for 30 days, which means 251% ROI within 30 days. OK, if they are what they are claiming to be, they can simply take a loan from a bank and only pay less than 1% monthly interest instead of paying 151% interest by collecting the investment of several people. If they are really from a Biotechnology industry, then it will be a cup of tea for them to take a loan from a bank and even if it is difficult to take a loan in the name of the company, they can simply take a personal loan and use that money to invest in their project. After all if they can make 151% profit within a month, then paying 1% monthly interest rate to the bank will not be a big deal. So, instead of doing that, why are they collecting the investment from several people and paying them upto 151% interest? Well, that shows their reality and prove their all claims are bogus. This is not the first company of this kind. Recent example will be Razzleton, the company which was claiming to be selling HealthCare products, but in real was a Ponzi scheme and has been already turned into scam. This is just a recent example. There were tons of sites like PraxisBiotech in the past which had already turned into scam.
The company like Praxis Biotech is known as a Ponzi scheme which has been declared as illegal in many countries because this business model itself can’t survive for long run and even the owners of the company know the fact that they will not have enough fund to pay the majority of members at last and they can only pay to few members at starting by using the new investment of other members. So each time they pay to their members, they create a debt equal to that profit amount which they pay to those members. Actually, even they don’t want to pay those members as well. But, they need to pay few members to make them believe and to show some payment proofs so that they can lure more people into their scheme. Only for that reason they keep on paying until the day they can make profit for themselves. Means, each day they will calculate the withdrawal amount versus new investment coming into the company and will keep on paying until the amount of new investment coming into the company is greater than the withdrawal amount. Once the withdrawal amount start to increase, they will just stop paying and that can happen anytime, within some days or months due to which majority of members will lose their money. That is why Ponzi schemes are illegal in many countries.
They have also lied that they are in business from 1995. But in reality, they purchased the domain “pbio.com” which was registered long time ago and use that to make PraxisBiotech site to make their company look like established from long time. But in reality, PraxisBiotech site is only started from March 2017.
If you check the WHOIS details of Pbio.com or its website, then you can’t find any information about who and from where is operating Praxis Biotech site. Sure, after all they are not here to stay for long time and they know that they have to scam lots of people at last. So, who want to come upfront if their intention is to steal people. More than that, even the many details within their WHOIS match with other similar kinds of scam sites, which adds another red flag to this company. So, due to these reasons we don’t recommend anyone to invest or work with Praxis Biotech.
If you want to find out in detail about illegal schemes like Ponzi, Pyramid and so on, then you can click the following respective links:-
Ponzi Scheme:- newsonlineincome.org/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.org/2017/03/06/what-is-pyramid-scheme/
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