Paraiba, which is hosted on, labeled itself as a ‘unique private bank’. Is it a deception put on by a scam or is Paraiba a legit financial entity?

What’s more important is should you invest in ‘opportunities’ offered by Paraiba? 

You’ll want to tread with caution with Paraiba because what’s on the surface is vividly different from what it actually is.

What Is Paraiba?

  • Name: Paraiba
  • Founder: Erich Ely
  • Website:
  • Cost: Starting from $25
  • Rating: 1/10

Paraiba is a company registered in the Island of Mohéli, Comoros Union. Comoros is an island country located in the Indian Ocean. It is indeed registered with the local registrar as ‘banking companies’. 

Unfortunately, the registrar list is questionable as some of the entities have a shady reputation, been liquidated or suspended. Furthermore, the founder of Paraiba, Erich Ely, was previously promoting OneCoin, a known Ponzi scheme.

The physical address of Paraiba is also traced to a few non-regulated private banks. Parable listed a few common financial services on its site, but offer very little information elsewhere.

For some, Paraiba does appear as a legit private bank. But further investigation reveals otherwise. 

What Does Paraiba Offer?

Paraiba, DOES NOT offer any tangible services that befit a legit financial institution. There is no trade, structured, corporate, or any type of financing service from Paraiba.

What you’ll get from Paraiba is totally different from your expectation. It offers investment opportunities where investors stand to gain guaranteed daily profit and participate in its MLM recruitment program.

The cost of joining Paraiba as an investor is $25, which will qualify you for the daily investment return. However, if you’ll like to make money by recruitment and enjoy team bonuses, you’ll need to invest a minimum of $100.

Here are the various ways you can earn at Paraiba.


Investors are promised the following returns, depending on the amount deposited.

  • $25 – $49,999 : 0.3% daily return.
  • $50,000 above : 0.5% daily return.

First Line bonus

You’ll also enjoy daily bonuses when new recruits join your first line of downlines. Here’s the detail. 

  • 1-4 first line members: 0.05% daily
  • 5-9 first line members: 0.1% daily.
  • 10-19 first line members: 0.2% daily.
  • 20+ first line members: 0.3% daily. 

The daily bonuses serve as a motivation for recruitment.

Pool Bonuses

Paraiba allocates 0.3% of its investment fund into 7 pools, split equally. Depending on your qualifications, you may qualify for daily earnings from these pools.

  • Pool 1: deposited $1,000 and with total downline deposits of $1,000
  • Pool 2: deposited $5,000 and with total downline deposits of $5,000
  • Pool 3: deposited $5,000 and with total downline deposits of $15,000
  • Pool 4: deposited $10,000 and with total downline deposits of $35,000
  • Pool 5: deposited $15,000 and with total downline deposits of $95,000
  • Pool 6: deposited $20,000 and with total downline deposits of $180,000
  • Pool 7: deposited $50,000 and with total downline deposits of $500,000

Downline Bonuses

Investors could also earn up to 0.04% daily from commissions generated by their downlines.

Rank Bonus

There are 6 levels of rank at Paraiba. When you’ve met the respective requirements and moved up a rank, you’ll earn a rank bonus as follow:

  • Yellow – $10
  • Blue – $100 
  • Green – $1,000
  • Purple – $5,000
  • Red – $15,000
  • Paraiba – $25,000

It’s obvious that Paraiba isn’t a private bank, unique or otherwise. Instead, it’s nothing but a full-blown Ponzi scheme.

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What I Like About Paraiba?

Nothing. I have no love for Ponzis like Paraiba. It joins the rank of Qtrex and Loan Tech in my Ponzi blacklist.

Things I Dislike (or Hate)

1. Deceptive Marketing

Unlike what it tries to impress on the public, Paraiba has nothing to do with legit financial banking. It conveniently leaves out the truth of its operation, which is none other than luring unsuspecting investors. 

In its marketing pitch to investors, Paraiba stresses that its business concept revolves around crypto and currency trading. Such details are not mentioned on its website.

Here’s the compensation structure that gives you a good idea of what Paraiba really is. 

2. No Tangible Product/Services

Paraiba does not offer any real products or services. Its sole revenue generation method relies on recruitment.

There is no evidence that Paraiba actually profits from crypto trading activities. Therefore, Paraiba’s sole-reliant on recruitment makes it a Ponzi scheme, according to FTC.

3. Flagged as an Illegal by BaFin

In April 2020, the Federal Financial Supervisory Authority of Germany, BaFin, has flagged Paraiba as a fraud. According to the notice, investors are coerced into making an investment, although no strategies nor specific investment instruments were specified. 

In other words, Paraiba is an investment fraud.

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Verdict: Is Paraiba A Scam?

Paraiba, or Paraiba World, is a Ponzi scam. A Ponzi, or Pyramid scheme, is a money game that tricks you into believing that you’re making money from the company’s business activity.

The truth with Paraiba is that whatever earnings, whether it’s through investment or recruitment, has no commercial value.

It is a game of members bringing in new members. The fee paid by new members is used to pay the uplines. 

In a Ponzi, troubles start when recruitment slows down. The pyramid will start crumbling, with all the unclaimed earnings stuck and disappear in the program.

That’s coming from someone who got tricked into joining a Ponzi years ago. So, take my advice and avoid Paraiba like a plague.

Is There A Better Option?


But you’ll need to understand that legit get-rich-quick schemes are non-existence on the internet. 

Instead of getting lured into Ponzis, I’ve built a legit source of online income since 2016, with a proven and legit method called affiliate marketing.

I built profitable websites across a few niches and it frees me from having to deal with Ponzis like Paraiba.

If you have the money to mess around with Ponzis, I’ll suggest starting a real affiliate marketing business.

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