The long-running TriumphFX Ponzi scheme has collapsed.
TriumphFX stopped paying withdrawals way back to August. Assist is non-responsive and traders are being locked out of their accounts.
I don’t have a precise date however was capable of finding investor reviews detailing TriumphFX withdrawal issues beginning August 2022.
The majority of TriumpFX withdrawal complaints pertain to failed withdrawals initiated in September and October.
Makes an attempt to contact TriumphFX help lead to excuses or being ignored.
At time of publication TriumphFX’s web site continues to be up. BehindMLM understands traders are having bother logging in.
The TriumphFX backend system can be reported to be disabled.
TriumphFX connected a foreign currency trading Ponzi to pyramid recruitment.
Singaporean scammer Hermes Leong is believed to be behind TriumphFX, working with scammers in Malaysia and Cyprus.
Formally TriumphFX is included as Triumph Int. (SC) Restricted, a Seychelles shell firm.
Past potential cash laundering by means of its shell firm, TriumphFX has no precise ties to Seychelles.
As of September 2022, SimilarWeb tracks the most important sources of site visitors to TriumphFX’s web site as Malaysia (76%), Taiwan (6%) and Singapore (4%).
Total TriumphFX’s web site site visitors has been regular decline over the previous few months.
Whereas authorities in Malaysia and Singapore have issued TriumphFX securities fraud warning, neither nation took additional motion towards the rip-off.
Pending additional updates, TriumphFX investor numbers and the way a lot they’ve misplaced stays unknown.