Blockchain transactions suggest CashFX Group is making fake selective withdrawal payments to top investors. Research by members of the “CashFX (in association with EverFX) Scam – Now What!?” FaceBook group, reveal CashFX Group made a payment to Wesley Loewen on April 4th. The amount, 0.75 BTC, can be tracked on the blockchain from a CashFX […]
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CashFX Group has received its sixth securities fraud warning from Canada. The latest fraud warning was issued by the Ontario Securities Commission on March 28th. As per the OSC’s warning, CashFX Group “is not registered in Ontario to engage in the business of trading in securities.” CashFX Group markets a 200% to 400% ROI Ponzi
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Analysis of blockchain transactions has revealed CashFX Group owes $102 million in unpaid withdrawal requests. That amount is increasing by about $14 million a week. The reason behind CashFX Group’s never-ending withdrawal issues? The Ponzi scheme is only bringing in ~$5 million a week. Our source for this story is research by Rob Truckle. Truckle,
CashFX Group owes $102 million, $5 mill coming in weekly Read More »
CashFX Group related transactions are being blocked by the Firi. Firi is a Norwegian cryptocurrency exchange that claims to have over 130,000 clients. Quoting a paywalled DN article, NorwayToday reports Firi first became aware of CashFX Group in 2019. “In the beginning, there were very many users in a short time that we discovered that
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CashFX Group has been declared an illegal business in Italy. As a result CONSOB, Italy’s top financial regulator, has ordered CashFX Group’s website be blocked nationally. Following an internal investigation, CONSOB classified CashFX Group as an “abusive financial intermediary”. The regulator found CashFX Group “offer(s) financial services/financial products illegally”. This finding, as per Italian law,
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A recent marketing video by promoter Tanya Jennings, has shed light on the flow of bitcoin within CashFX Group. Jennings, a resident of Australia, has joined CashFX Group over a year ago. As revealed by Jennings, she’s earned $377,986 through CashFX Group. How much of that Jennings has actually been able to withdraw however is unclear.
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While Huascar Lopez missed his end-of-year deadline to catch up on withdrawals, CashFX Group is now fully caught up on all pending requests. Unfortunately this probably isn’t what investors had in mind. In a communication sent out to affiliates sometime over the past 24 hours, CashFX Group advised it was “going to cancel any multiple
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A few months ago CashFX Group founder Huascar Lopez told investors withdrawals would be caught up by the end of 2021. As I write this, on January 1st, 2022, CashFX Group withdrawals are still months behind. To distract away from CashFX Group fluctuating from various states of collapse throughout 2021, another “cyber attack” has been
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CashFX Group has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). As per the CNMV’s December 20th warning, CashFX Group is not authorised to provide the investment services set out in Article 140 of the Spanish Securities Markets Act, which include(s) investment advice. This is the equivalent of a
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Against the backdrop of affiliate investor withdrawals being blocked, CashFX executives and top promoters went off on a cruise. Those unable to withdraw can put two and two together to figure out how the cruise was funded. That was late November, now it’s back to facing the Ponzi schemes problems. To that end CashFX Group
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