CashFX Group investment plummets to under $1 mill a month
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 group admin Harry Page 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
$19,257,218.77February
$21,671,493.64March
$20,655,696.82April
$17,082,067.47A 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.
If you’re wondering who on Earth is still being recruited into CashFX Group, SimilarWeb tracks top sources of website traffic as the UK (29%), Australia (8%) and Norway (7%).
Update 24th May 2023 – Some updated analysis from James via the CashFX (in association with EverFX) Scam – Now What!? FaceBook group:
Between January 19th and May 15th, 2023, CashFX Group still managed to sucker investors out of ~$810,000 in bitcoin.
Incoming transactions: 235
Outgoing transactions: 39
Total received: 30.41361455 (BTC)
Total sent: 30.29933080 (BTC)
Address balance: 0.11428375
Start date: 19/01/2023
End date: 13/05/2023
As you can see for the four months the address has been active it has only brought in 30 BTC, which is worth roughly $810,000.
People are creatures of habit; this address was only found because the original address where most of the CFX funds were routed in the Livepay days of 2019 was…
1N23x6jshv8iQfKqWm1nNeEGbGnDM6j3n4
This is the same address these residual funds are being routed now, hello Huascar. The address is on Binance where they continue to launder his stolen money.
The bitcoin goes to single-use intermediate addresses first but all end up in the same place.
One particularly not-so-bright individual transferred $13,000 in back in January.
Something else we can compare is CashFX Group’s website traffic, which has been in continuous decline over the past three months.
SimilarWeb tracked ~273,000 visits to CashFX Group’s website for April 2023. The UK is still the number one source of CashFX Group website traffic (34%), followed by Australia (9) and France (8%).
Compared to November 2022, Norway has dropped off and recruitment in France has slightly picked up.
It’s assumed most of the traffic coming out of the UK and Australia are desperate CashFX Group bagholders.
I mentioned this in the article above but just to reiterate – CashFX Group collapsed in November 2021.
That there are people still investing into the scam a year and a half later boggles the mind.
The 80+ Now What groups are owned by all the admins…
Okosh what has your comment got to do with the above article?
There is no way to excuse, explain or justify CFX. It has simply stolen millions of dollars from punters hoping to make cash based on unrealistic returns
It doesn’t matter who or what the Now what groups are, the simple truth is that CFX was a Ponzi.
It’s still trying to convince it’s faithful that it’ll be back in a couple of weeks in a second phase and if you’re daft enough to believe that, I despair.
My comment is correcting a point made by Oz in the article…
The cfx now what group is an antiscam group you idiot…we’ve been telling people NOT to join since day one…
Instead of making such stupid comments you should stick to licking windows… be sure to lick both sides as we want the windows nice and clean…smfh…
I’m going off memory here but isn’t Harry the founder?
I actually create most of the groups but we all started the Now What groups…Harry does the cover pics…we all do our bit…
Okosh what has your comment got to do with the above article?
Read the article first!
That’s why people get sucked in these scams. Read and understand what’s been written.
Calling someone an idiot isn’t very kind and will not help at all.
The stupid bitch called us scammers…said we were pushing cfx…..or did you conveniently miss that part??…
Clearly it’s you who needs to learn to read…
what has your comment got to do with the above article?
It’s my response on a comment from Annete. She needs to read!
Attack me as much as you want. I don’t care okosh. I am not a scammer.
Did you not read this part in the article??
“As shared by Harry Page, owner of the group on October 28th”…
My comment was correcting that point you illiterate fool…
Anyone who thinks that the Now What groups are pushing any scam deserves to be called out for the idiot they are…
You misunderstood me. I did read the article.
I told her to read!
My comment was correcting that point you illiterate fool…
Thank you very much. Hope you feel better now
Thanks for the clarification. I’ll keep that in mind.
Re: discussion above, I’m putting it down to misunderstanding. Let’s agree to get back on topic.
If u start calling people names then justify it you are loosing your own battle ….
It’s not helpful.
Misunderstandings happen often. Doesn’t make people stupid or deserve to be slagged off . Don’t make this platform ugly .
If call a bunch of antiscam people scammers then expect to get called out…end of story…
OK. I think it’s got nasty. My original comment wasn’t meant to suggest Now What were scammers only that CFX was and that was meant to be my point.
Clearly, that was lost somewhere and for that I am sorry as it has engendered some vitriol and name calling.
It has also deflected from the real point of the informative article and something I was trying to raise(and clearly failing) which is that some people continue to give money to CFX despite the irrefutable evidence that it’s a scam.
Yes its because the people left in who recruit new people believe its gonna be OK inthe end.
When I joined there was so much evidence reported online that I totally ignored because the person who was my upline is someone I know and trust.
So it’s being sold as ” online is full of scammers, not to be trusted. Only trust info you get directly from in-house videos etc ” so that’s why …. except now there’s so much more f up so much less able to sell something that diesnt pay out !”
nowadays it’s more like a religious cult .
You made it nasty when you attacked me and then you called the admins of the Now What group scammers… How dare you??…
Rather than apologise you now trying to backpedal??…
Go finish licking the windows you piece of shit…
Is anyone surprised that you still joined despite all the evidence out there??…
I’m not… lol.
Okosh you seem quite nasty , rude and lacking something similar to empathy.
I wrote a whole puce about why we get pulled in and you pull out half a sentence and laugh in my face pulling in the rest of this group. So not my game.
I have zero sympathy for those who despite seeing “so much evidence” still tried to steal from others in a very obvious ponzi scheme…
Steal from others oh I dont envy uou your black and white mind set and your belief in.that view.
If I knew what it might all mean I would not have joined. All I knew before hand was payments were sketchy. I had no understanding of the word ponzi or the meaning of it . Life isnt as clear cut as u proport.
You seem to have a mean streak in your responses and enjoy not being very kind at all. Your choice. Thanks for your time .
Also. Reread what I said I said I ignored online stuff because I trusted a friend.
I DIDNT SAY I READ IT ALL OR KNEW WHAT I WAS GETTING INTO.. I KNEW NOTHING OF THE MEANING OF A PONZI SCHEME! YOU TWIST UP MY WORDS TO SUIT YOUR MEAN MANNER.
First you said you saw so much evidence and now you say you didn’t….
You can’t make up your mind but that’s somehow my fault??..too funny!!…
@Sue
If you knew CashFX Group withdrawals were “sketchy”, you knew why they were sketchy.
Stop pretending you didn’t know what a Ponzi scheme was. You signed up anyway because greed. Own it.
To be clear, you are not the reason CashFX Group is a scam. But accept that you ignored the warning signs and signed up anyway.
People are going to call you out on that and have no sympathy. Some of them will be ruthless about it because you are one grain of sand on scam beach.
You can take it personally or accept it for what it is. Arguing otherwise only comes off as defense of scamming, which never goes down well.
Well said!!…
Not at all true . If I tell u I dudnt ever hear of ponzi I mean it . One thing I am not is a liar . Your judgements and conclusions are way off the mark. Not everyone fits into your ideologies. I’ve never been in a scan situation before . I don’t care if u call me a thief . I don’t care what’s have to say now because your view is one sided and nor do.i care if you don’t believe me. L.carry on sitting on your high horse
I do not lie . Think what u like .you will anyway
Why trust an “upline you know” and ignore all the evidence you saw? How is that justified?
Then you’re a fucking idiot. I don’t know what else to say.
What dumbass looks at a company, goes “hmm, they’re not paying out” and invests anyway.
What are you doing here? What do you hope to achieve? Your waffle is wasting everybody’s time.
It’s pointless me answering anything more as you will slag me off so.im done . (Ozedit: dummy spit removed)
Sue
The “Vibe” here is in calling out bad people for setting up ponzi schemes, and then also pointing out that people who have joined them despite all evidence to the contrary (sketchy, as you called it) have done so in the hope of free money taken from others?
I’m sorry you got scammed, and I’m sorry you lost trust in someone. I’m hopeful you might listen to reason in future though…..
Bye Felicia. Sounds like you learnt nothing from your experience.
I was sold cashfx as trading on the forex market and the money made is shared between eeveryone and so everyone helps each other.
I believed in it because I watched a video of the leader talking about helping out poor countries and his mission to help the poor.
So I didnt do any research at first. Only in house stuff.
When I started looking I realised there s a lot of negs on the net and since I joined was when people started not being paid. I wanted to invest in what I thought was a heart centred approach to something … yes I am wrong and won’t get fooled again.
I am glad I told a friend who wanted to invest under me not to. I don’t sell what I don’t believe in.
I chose not to look at the many facts online until I began to get suspicious.
Am I easily fooled? Maybe.
Am I greedy bad and wrong. No. Noo es been harmed by my action and I’ve learned what a ponzi is … If I get slated for my honesty then I laugh …what else is there?
I apologised to a family member who tried to warn me off this ..I didnt listen.
Alot of spiritual talk was thrown my way which was a hook as well…
Everything in its own time. We are all human ❤
Many scammers claim they help poor people. It’s to make the con artist appear more trustworthy.
The best thing to do if you’ve been taken in by a scam is to spread your story far and wide. Tell everyone you can.
If you were unaware of how scams fool people, just think, others are in the same situation right now and are about to make the same mistake you did.
No matter how much of a tantrum you throw I stand by what I said in comment #19 above…
I have zero sympathy for anyone who despite seeing all the evidence still tried to steal from others in an obvious ponzi scheme…
And yes….you most certainly are a liar…and not a very good one!!
Glad to hear it.
There was a cfx member named ‘Suzie Jones’ who posted the following under another cfx review on this site:
Suzie Jones didn’t do any research either.
However, it is good to know that you learned from this experience.
Don’t think it’s the same person looking at the comment history.
Okay, that is good to know too
This is the most important conclusion victims need to learn so they can avoid getting scammed in future. Good for you and sorry you had to learn this way.
Thank you anti mlm. Yes we live and learn …
No , the suzie Jones comment about eating your hat if cfx are not scammers wasn’t me. Its someone else.
Glad that wasn’t you. Actually, it would be great if Suzie Jones and others like her could be more like you.
Thanks and I am also greatful for this site.
Let’s not go off track here. CashFx, their parent Companies and the 470 trading names that they use are ALL scams. Cfx now what is a group set up to oppose the scammers.
CashFx and their sister Company EverFx scammed in excess of €2.4 billion from more than 200,000 victims and remain operational.
On 8th/9th November 2022 Eurojust and Interpol raided EverFx, made a number of arrests and closed down 15 of their call centres in Eastern Europe.
When CashFx now explain that they are transferring to a new trading platform and arevexperiencing ‘technical difficulties’ what they really mean is that their ill-gotton gains have been seized and they are desperately trying to establish new bases and to identify new victims so that they can begin to build up a cash reserve again.
Google search ‘EverFx arrest’
Those still trying to defend this are either gullible victims who refuse to acknowledge they have been scammed, or are the scammers themselves pretending to be supporters.
Any subsidiary of ICC Incertus Capital Ltd; EverFx Global or Aurerium Ltd are scammers. The internet is full of counters either exposing or championing these scammers.
The only truth is that they train experienced conmen to persuade gullible victims, first to invest just £€$250 and then to part with their life savings
Do not be sucked in. Once these people have your money, you will never see it again.
Huesca Lopez has gone to ground but will be caught. One of their top fraudsters was arrested in Barcelona on 14th December 2022.
Many more arrests will follow. But they will always find more fall-guys to keep their scams going. So just be vigilant and avoid crypocurrencies altogether.
EverFx now trades under the name Axiance Ltd. As soon as the authorities close them down they will be ready to set up again within hours under a new name.
Until the authorities go after ICC Incertus Capital Ltd and associated scam Companies these people will always ve doing what they are doing, because they are making lots of money out of it.
The only way to stop them is to let the whole world know what is going on.
CashFx is a sister Company to EverFx. On 8th/9th November 2022 Police raided EverFx and closed down 15 of their call centres.
Where CashFx advise they are transferring to a new trading platform and are experiencing technical difficulties which they are trying to resolve, they realy mean they have no bases left to operate from, are seeking new premises in Eastern Europe and are identifying new victims so they can build up cash reserves to replace those seized by the authorities.
EverFx and CashFx are trading names of ICC Incertus Capital Ltd and Aurerium and EverFx Global.
Until these Companies regulated in Cyprus and the Seychelles are closed down, their 470 trading names will continue scamming people. Google search ‘EverFx arrest’ for updates.
If you’d bothered to have searched, you’d have found the EverFX bust was covered on BehindMLM.
Neil Slimm has stolen over $500,000 in this scam…
Hazel Moore stole over $600,000… Proof in vid…
Hat tip- Sian at the Now What group…
youtu.be/FVRv1kPH0P4
So, if people have now gone to ground, what about their huge office block in Panama that was bought outright by the company – is there any way we can claim as a class action group to have this sold and monies repaid from that?
Here’s hoping 🙂 … or maybe it’s in a trust and therefore untouchable…..
Unless you have independently verified this you are chasing more Ponzi lies.
Sure. Step 1 is find a lawyer.
Updated Jan –> May 2023 data from CashFX (in association with EverFX) Scam – Now What!? FaceBook group.
@Tamzin Rissa, CFX never bought the floor. They rented half of it for show.
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