CashFX Group has acquired its sixth securities fraud warning from Canada.
The most recent fraud warning was issued by the Ontario Securities Fee on March twenty eighth.
As per the OSC’s warning, CashFX Group “isn’t registered in Ontario to have interaction within the enterprise of buying and selling in securities.”
CashFX Group markets a 200% to 400% ROI Ponzi scheme. The corporate isn’t registered to supply securities in any jurisdiction.
Along with Canada, CashFX Group has acquired securities fraud warnings from Italy, Spain, the Dominican Republic, Singapore, Australia, Portugal, Sweden, Eire, South Africa, the Philippines, Belgium, New Zealand, Jersey, Canada (New Brunswick, Manitoba, Saskatchewan, Quebec and British Columbia), Panama, the Bahamas, Norway and the UK.
CashFX Group is run by Huascar Lopez and different Dominican Republic nationals.
The Dominican Republic’s Superintendent of Banks has labelled CashFX Group a “fraudulent scheme”. Regardless of that, Dominican Republic authorities have taken no additional motion towards the Ponzi scheme.
Advertising and marketing of CashFX Group is spearheaded by Justin Halladay and Luigi Bruni, US and Canadian residents respectively.
All through 2021 CashFX Group has extended its inevitable collapse by delaying and limiting withdrawal requests. These delays have continued into 2022.