CashFX Group investment plummets to under $1 mill a month

/ CashFX Group, Frauds, regulation / By


In 2021 CashFX Group solicited $432 million from gullible buyers, simply shy of half a billion.

In 2022 that quantity has dropped to $112 million.

On a macro degree that may sound salvageable… till you think about that for October 2022, CashFX Group took in lower than one million {dollars}.

James, cited because the FaceBook group CashFX (in affiliation with EverFX) Rip-off – Now What!?’s “Bitcoin/Blockchain knowledgeable”, has crunched the CashFX Group pockets numbers.

As shared by Harry Web page, proprietor of the group on October twenty eighth;

James, our Bitcoin/Blockchain knowledgeable, has revealed beforehand that CFX had $432,464,782.83 of earnings throughout a 9 month interval in 2021….

Complete earnings up to now this 12 months for a ten month interval is simply $112,122,287.17….

January
$19,257,218.77

February
$21,671,493.64

March
$20,655,696.82

April
$17,082,067.47

A small drop. Not an issue for a authentic enterprise, however 3 months with out exponential development is catastrophic for a Ponzi.

Could
$12,299,023.57
Oh pricey.

June
$10,119,547.48
Ooops.

July
$5,722,344.69
Oh pricey oh pricey.

August
$2,031,065.21
Lolz.

September
$2,331,930.42
Bravo, a tiny restoration.

October
$951,899.10
Don’t panic!!!

We are actually within the downward Ponzi loss of life curve for certain.

As of February 2022, CashFX Group’s ROI liabilities exceeded $100 million. The present determine is unknown however anticipated to be exponentially larger.

In associated information, James has additionally pieced collectively cost data to a few of CashFX Group’s high earners:

  • Hazel Moore took house $670,092 throughout 162 transactions between September 2019 and August 2021
  • Neil Slinn took house $507,425 throughout 163 transactions between Could 2020 and July 2022

Slinn was additionally one in every of CashFX Group’s “hush cash” insiders.

Binance is recognized because the processor that enabled CashFX Group to launder over $484 million.

BehindMLM referred to as CashFX Group’s collapse in November 2021.

The Ponzi scheme has been making selective withdrawal funds on and off since then.

Dominican Republic nationwide Huascar Lopez, proprietor of CashFX Group, hasn’t been seen in public since late 2021.

Presumed to be on the very least beneath investigation, Lopez’s present standing is unknown.