CashFX Group’s official YouTube channel is returning a “not available” error. We’re not sure when exactly the channel went down, but it’s believed to have disappeared over the last 24 hours. Also unclear is whether CashFX Group deleted the channel or if YouTube did it. CashFX Group deleting the channel makes no sense, seeing as […]
CashFX Group’s official YouTube channel gone Read More »
CashFX Group has suspended affiliate withdrawals, just in time for the shopping season. Last Friday CashFX Group disabled withdrawals and sent the following communication out to investors (click to enlarge): You may have noticed over the past 4 days that the withdrawals process has slowed. This is due to an aggressive online attempted attack. The
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The Dominican Republic’s Superintendent of Banks has labelled CashFX Group a “fraudulent scheme”. In a series of tweets published on November 3rd, Superintendent Alejandro Fernandez W. acknowledged Dominican Republic authorities’ awareness of CashFX Group. There is a fraudulent scheme mounted on crypto assets called “Cash FX Group”. Authorities in 18 jurisdictions have officially issued warning
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The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny
FTC sends 379 MLM companies deceptive/unfair conduct notices Read More »
Norwegian authorities have issued a third CashFX Group fraud warning. The Financial Supervisory Authority of Norway’s notice follows a warning from the Lotteries Authority earlier this year. As per the Financial Supervisory Authority’s October 20th warning; In Norway, CFX Team Norway, among others, markets the company’s operations. The company is not licensed to offer investment
Third CashFX Group fraud warning issued in Norway Read More »
FomoEX operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website. Heading up FomoEX is Stephen Meade (President) and David Hung (CEO). Stephen Meade (right) is an unknown in the MLM industry. Over the past few years he’s reinvented himself as a crypto bro. Meade’s crypto bro adventures
300% ROI eOracle HyperFund mega Ponzi Read More »
CashFX Group has received a securities fraud warning from the Monetary Authority of Singapore (MAS). MAS is Singapore’s SEC equivalent. On June 11th MAS added CashFX Group to its investor alert list: MAS classifies CashFX Group as an “unregulated person”, who based on information received by MAS, may have been wrongly perceived as being licensed
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CashFX Group has received a securities fraud warning from the Australian Securities and Investments Commission. Identifying the Ponzi scheme as a “suspicious investment opportunity, ASIC wrote on October 6th; Cash FX Group also known as ‘Cash Forex Group’ or ‘CFX’ is not licensed to provide financial services in Australia. This is the equivalent of a
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CashFX Group has received a securities fraud warning from the Bank of Portugal. As per the Bank of Portugal’s 27th September warning; Cash Fx Group S.A.” with headquarters in Panamá, operating through the website cashfxgroup.com, is not, and never was, authorised to carry out in Portugal any financial activity subject to the supervision of Banco
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CashFX Group has received a securities fraud warning from Sweden’s Finansinspektionen. As per Finansinspektionen’s August 9th warning, CashFX Group does not have a permit from FI to conduct securities business or other financial activities in Sweden. FI warns investors and others to trade with companies that do not have a license to conduct financial activities.
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