CashFX Group investment plummets to under $1 mill a month

/ CashFX Group, Frauds, regulation / By


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

In 2022 that amount has dropped to $112 million.

On a macro level that might sound salvageable… until you consider that for October 2022, CashFX Group took in less than a million dollars.

James, cited as the FaceBook group CashFX (in association with EverFX) Scam – Now What!?’s “Bitcoin/Blockchain expert”, has crunched the CashFX Group wallet numbers.

As shared by Harry Page, owner of the group on October 28th;

James, our Bitcoin/Blockchain expert, has revealed previously that CFX had $432,464,782.83 of income during a 9 month period in 2021….

Total income so far this year for a 10 month period is just $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 a problem for a legitimate business, but 3 months without exponential growth is catastrophic for a Ponzi.

May
$12,299,023.57
Oh dear.

June
$10,119,547.48
Ooops.

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

August
$2,031,065.21
Lolz.

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

October
$951,899.10
Don’t panic!!!

We are now in the downward Ponzi death curve for sure.

As of February 2022, CashFX Group’s ROI liabilities exceeded $100 million. The current figure is unknown but expected to be exponentially higher.

In related news, James has also pieced together payment information to some of CashFX Group’s top earners:

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

Slinn was also one of CashFX Group’s “hush money” insiders.

Binance is identified as the processor that enabled CashFX Group to launder over $484 million.

BehindMLM called CashFX Group’s collapse in November 2021.

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

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

Presumed to be at the very least under investigation, Lopez’s current status is unknown.