CashFX Group @ BehindMLM

UK authorities investigating the collapsed CashFX Group Ponzi scheme have completed their investigation. Essex Police have opted to drop the case, owing to there being “no evidence anyone in the UK has committed criminal offenses”.

After collapsing in late 2021 and dissuading investor complaints with a never-ending string of promises, CashFX Group has finally taken down their website. A “decentralized” reboot has been announced, run by a centralized group of unknowns.

A CashFX Group criminal investigation has been confirmed on the UK Police Major Incident Public Reporting Site. As spotted by Harry Page of the FaceBook Group “CashFX (in association with EverFX) Scam – Now What!?“, Essex Police appear to be leading the investigation.

Almost two years after CashFX Group collapsed, whoever is left running the Ponzi scheme is still stringing investors along. The latest ploy is CFX Legacy, a new website set up for CashFX Group investors to log in to. CFX Legacy has been set up by Ron Pope and his company The Conversion Pros, suggesting Pope might [Continue reading…]

Financial regulators in Portugal have issued a second CashFX Group securities fraud warning. As per a January 17th warning from the Comissão do Mercado de Valores Mobiliários (CNVM);

A top EverFX executive has been arrested in Spain. Spanish authorities accuse the CashFX Group linked broker of “stealing billions of euros from hundreds of thousands of investors”.

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.

Thirteen CashFX Group hush money payments have been confirmed. The problem is CashFX Group currently has eighteen leaders. This research comes to you courtesy of Rob Truckle from the CashFX (in association with EverFX) Scam – Now What!? FaceBook group, “James” and of course, dUh BlOcKcHaIn!

Luigi Bruni’s life after CashFX Group is providing insight into how the Ponzi scheme continued to recruit new victims, despite denying withdrawals for close to a year. Like any MLM Ponzi scheme, CashFX Group owner and CEO Huascar Lopez kept most of the money for himself. He also paid top affiliates $20,000 a month to [Continue reading…]

Jojar Dhinsa has publicly denied scamming people through the CashFX Group Ponzi scheme. As shared by Harry Page from the FaceBook group, “CashFX (in association with EverFX) Scam – Now What!?”, Dhinsa appeared on NTV Unscripted on August 19th. NTV markets itself as “the leading Bangladeshi TV channel”. It is broadcast locally across the UK [Continue reading…]