CashFX Group website down, “decentralized” reboot?
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.
In taking down its website, CashFX Group posted the following announcement;
CFX, as a decentralized company-platform, is honoring every single member with an active membership (Academy-Pack) left, for their Profit and Losses (PnL), thus facilitating the ongoing withdrawals through traditional regulated methods of payment.
The corporate team feels grateful for this legacy in history.
There will be an ongoing information process where you will receive further communication in the next few days, that will clearly lay out how the company is working towards the best resolution for our members going forward.
The last known payments CashFX Group made was to its top promoters. These payments were to encourage the promoters to continue deceiving their downlines. The payments stopped in mid 2022.
The latest decentralized ruse appears to be yet another “carrot on a stick” promise.
As to who’s running the CashFX Group’s centralized “decentralized” reboot, it’s unlikely to be co-founders Huascar Lopez and Ron Pope.
Huascar Lopez was the face of CashFX Group and its marketing.
Lopez disappeared shortly after CashFX Group disabled withdrawals in late 2021. Shortly thereafter he turned up in Europe but hasn’t made any public appearances from 2022.
Ron Pope, owner of Conversion Pros, is believed to have handled CashFX Group’s backend and payment processing (money laundering).
Perhaps wary of being the face of a Ponzi scheme and US resident, Pope did front CashFX to begin with but quickly retreated to the shadows.
In August 2023 Pope was tied to CFX Legacy. Touted as a reboot run by the “Cash Forex Group Corporate Team”, CFX Legacy’s website remains online.
Despite stealing millions through CashFX Group, top promoter Luigi Bruni continues to falsely represent himself as a victim.
Bruni, a Canadian national, continues to promote various short-lived MLM crypto Ponzi schemes.
Bruni shared the top CashFX Group promoter position with Justin Halladay (below (L) with Luigi Bruni).
After shilling various failed NFT grifts, Halladay has recently been tied to promotion of Banker Quotes.
Banker Quotes is of course yet another MLM crypto Ponzi scheme.
Two years after its collapse, no definitive regulatory action has been taken against CashFX Group, the scammers who ran it or its promoters.
The UK confirmed a criminal investigation into the Ponzi scheme back in August. The status of that investigation, and whether the US are involved, remains unclear.
Total CashFX Group victim losses remain unknown.
CFX Legacy – you say that their website has been taken down? -look again…its still very much in place!
Please read first instead of rushing to comment.
Average Ponzi victim IQ on display.
Luigi Bruni’s Zoom calls promoting his new scams are attracting around 10 people. If Justin Halladay did rip him off then Luigi has gotten exactly what he deserves – nothing!
Bruni’s Zoom calls are hosted in a house bought and furnished with the proceeds of Ponzi schemes. Halladay might have ripped him off but he’s still a CashFX Group net-winner.
Same like crowd1 withdrawals delays since 2021, Mostly because of 2 things:
1. Management siphoning a lot of money
2. Sales and recruitment slows down
Here in the Philippines we never really got paid.
CashFX Group and Crowd1 inevitably collapsed because they were Ponzi schemes.
C1 instead of Crowd1 name is used:
They use C1 probably now because of three reasons.
1. Saturation for the old name crowd1
2. Bankruptcy ‘Impact Crowd Technology Scandinavia AB’
3. Criminal case and charges in Sweden for the management
now they go full on the worthless ‘Crowd1 (C1) ERC20 Token’. the current leaders will be held liable for this selling this shit Token like they did with OneCoin leaders.
It’s sickening how they managed to slowly rug all the investors and now quietly disappear with almost no scandal whatsoever. Guess that’s the way to do it. Crazy.
I understood CashFx had traders trading the stock market (Ozedit: snip, see below)
The only thing you understood was marketing bullshit.
CashFX Group was a Ponzi scheme that collapsed when withdrawals exceeded new investment.
Lol any “trading” platform that never has a losing day is a ponzi. No trading robot or trader, I don’t care how good they are, can win every single day.
Ihav invested money in cfx from Panamá under husquar Lopez an our local dealer or agent.
k vane it’s been 2 year or almost only run around 2 get withdrawals an one set of download this app an Dat app an the upline not answering calls or questions.
an they playing Mickey mouse with clients their favourite mantra in trinidad is they privy 2 same.
I took about 7months thinking it through before investing and my friend convinced me they are not scammers but I should of believed my gut.
We had investors every Thursday here in South Africa lying to innocent people over a Facebook live actually giving away $300 packages once a month to whoever won the wheel spin if that was even true and so millions were scammed.
I really do hope they will be found and sentenced for their crimes. They are worse than Centra. May justice be served.
Don’t you think Manifest-fx is a near perfect clone of cashfx?! Right down to the tragic “investors” standing by good hearted, rags to riches hero Jimmy Bennett and waiting for his “redemption fund” to pay them out… I guess it’s being delivered by unicorn.
Honestly, I have become sickly fascinated by manifest, bennett and all the huns… its like watching a terrible accident in very, very, very slow motion…
CashFX Group was a full-blown Ponzi scheme.
Manifest FX (from memory) was more of a securities fraud grift through which money is eventually stolen. Not quite the same.
I have Manifest FX or whatever it’s going by now queued for a review update when it comes up.
All these money gluttons who scammed people. All your wealth shall evaporate into thin air. All of it mark my words.
That’s absolutely outrageous and heartbreaking to hear. It’s infuriating that someone would manipulate trust in such a way, ruining lives and reputations in the process.
It’s even more frustrating that the tracing of funds in the crypto world complicates justice.
Hopefully, the authorities can find a way to hold Huascar accountable for his actions and bring some semblance of justice to those affected by his deceit.
Have thousands of $$$ in cashFX.
No you don’t. You have numbers on a screen.
The money you think you have in CashFX Group doesn’t exist. Never did.
Has Cashfx fallen? We haven’t heard anything from.
You are 2 years too late asking this question. Where have you been the past 2 years? It didn’t fall, it blew up. It was a Ponzi for God’s sake.
They tried to reboot it several times, but they all failed just like CashFX because they were all Ponzi’s too.
Why no action taken against Hurcas Lopez?
Following. Just found out my elderly father got roped into this. My mom once mentioned it. How they where all hush, hush, dont tell anyone. Only few get in on this investment.
Little did my Dad know that my husband knows all about crypto.
I was defraded by cash fx over $1,200 in Nigeria, although I was paid like #200,000 naira before the company made an announcement of liquidation, payment through traditional methods till today I don’t here from them again.