CashFX Group @ BehindMLM

While Huascar Lopez missed his end-of-year deadline to catch up on withdrawals, CashFX Group is now fully caught up on all pending requests. Unfortunately this probably isn’t what investors had in mind.

A few months ago CashFX Group founder Huascar Lopez told investors withdrawals would be caught up by the end of 2021. As I write this, on January 1st, 2022, CashFX Group withdrawals are still months behind. To distract away from CashFX Group fluctuating from various states of collapse throughout 2021, another “cyber attack” has been [Continue reading…]

CashFX Group has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

Against the backdrop of affiliate investor withdrawals being blocked, CashFX executives and top promoters went off on a cruise. Those unable to withdraw can put two and two together to figure out how the cruise was funded. That was late November, now it’s back to facing the Ponzi schemes problems. To that end CashFX Group [Continue reading…]

CashFX Group’s official YouTube channel is returning a “not available” error. We’re not sure when exactly the channel went down, but it’s believed to have disappeared over the last 24 hours.

CashFX Group has suspended affiliate withdrawals, just in time for the shopping season.

The Dominican Republic’s Superintendent of Banks has labelled CashFX Group a “fraudulent scheme”. In a series of tweets published on November 3rd, Superintendent Alejandro Fernandez W. acknowledged Dominican Republic authorities’ awareness of CashFX Group.

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]

Norwegian authorities have issued a third CashFX Group fraud warning. The Financial Supervisory Authority of Norway’s notice follows a warning from the Lotteries Authority earlier this year.

FomoEX operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website. Heading up FomoEX is Stephen Meade (President) and David Hung (CEO). Stephen Meade (right) is an unknown in the MLM industry. Over the past few years he’s reinvented himself as a crypto bro. Meade’s crypto bro adventures [Continue reading…]