Driven Trading merged with IX Global Ponzi scheme
Driven Trading appeared on BehindMLM’s radar in October 2021, as the securities fraud component of Jimmy Ezzell’s Young Entrepreneur Project.
That partnership broke down in April 2022, with YEP and Driven Trading going their separate ways. YEP went on to collapse shortly after.
Owner and CEO Cory Kromray spun Driven Trading off as a non-MLM “automation license” trading app opportunity.
As of January 2023, SimilarWeb tracked negligible traffic to Driven Trading’s website.
Not surprisingly, Kromway has now flogged what’s left of Driven Trading to the IX Global Ponzi scheme.
The specific financial arrangement between Kromray and IX Global hasn’t been publicly disclosed.
On February 25th, Kromway publicly thanked and congratulated himself across Driven Trading’s social media accounts:
Yesterday, Cromway held his first IX Global webinar, to sell the investment opportunity to what’s left of Driven Trading.
This isn’t the first time this has happened. Back in 2021 Richard Smith also funnelled what was left of R Network into IX Global.
IX Global isn’t all that different to Driven Trading. Like Driven Trading, IX Global hides securities fraud behind an education platform.
Driven Trading refers to their platform as Driven Trading Academy:
Over at IX Global it’s “community based learning”:
Behind IX Global’s community based learning is a 5% to 20% a month passive investment scheme:
On the regulatory front
- Driven Trading and Kory Kromray are based out of Florida in the US
- IX Global and Joe Martinez represent they are based out of Florida
As of January 2023, SimilarWeb tracked the US as the largest source of IX Global website traffic (45%). India came in second at 41%.
Despite being based out of the US and pitching an automated forex passive investment opportunity to US residents, neither Driven Trading, Kory Kromray, IX Global or Joe Martinez are registered with the SEC or CFTC.
Last October authorities in India arrested Sailesh Pandey, on suspicion of laundering around $25 million for IX Global.
The arrest prompted the Reserve Bank of India to confirm IX Global is a financial blacklist.
Pandey and his brothers laundered IX Global through a shell company named TP Global Effects.
At time of incorporation, TP Global Effects’ declared business activity was food and grain production.
Following Pandey’s arrest, IX Global appears to have just swept the matter under the rug.
BehindMLM understands Indian victims of IX Global have gone ignored (click to enlarge):
Despite Pandey’s arrest, IX Global continues to be illegally promoted across India.
One of the main ringleaders promoting IX Global is Indian national Viraj Patil.
Prior to IX Global’s 2020 launch, both Joe Martinez and Viraj Patil promoted Kuvera Global.
Kuvera Global originally went by Wealth Generators. Parent company Investview renamed Wealth Generators to Kuvera Global after the CFTC fined it $150,000 for commodities fraud.
A BusinessForHome puff-piece claims Patil’s IX Global downline was in excess of 43,000 people. That was two years ago in February 2021.
Currently BusinessForHome celebrates Patil stealing $1.2 million through IX Global each month.
Originally from Mumbai Patil now hides out in Dubai, the MLM crime capital of the world.
Kromray’s address is located in Minocqua, Wisconsin. I noticed on the Driven Trading LLC that it is listed as FL but was probably a mistake he made on purpose to try and seclude his identity.
Either way I’m sure the address doesn’t mean much at this point as eventually he will be busted by the SEC for securities fraud.
Now the site is saying that IX Global acquired Driven Trading? How can it be a merger and an acquisition at the same time!!! Cory Kromray major FRAUD!!!!
businessforhome.org/2023/03/ix-global-acquires-driven-trading/
I suspected it was a acquisition (i.e. Kromray sold off Driven Trading’s distributor details), but didn’t see it confirmed anywhere.
Out of caution I went with merger. Not much difference between a merger and acquisition – the latter just confirms Kromray received a check for Driven Trading’s distributor details.
The contract probably requires him to hard-sell IX Global to what’s left of Driven Trading, after which he can slink away.
I can’t confirm but I believe IX Global is one of Ted Nuyten’s BusinessForHome clients. You’re probably going to see a puff-piece any time BehindMLM publishes an IX Global article.
Yeah I think this is Kromray’s exit strategy and everyone in Driven is held at the mercy of IX Global’s business operations (Even though it’s already in hot water yet the people in Driven do not realise that yet)
Coincidence that the pricing changed from $1997 for all of the benefits to $165 according to the link?
driventradingacademy.com/pricing
I would be upset for having to pay that much more for the same benefits Driven offered before. I see numerous backlash lawsuits coming out of this once people begin to know they have been had……..twice!!!
It appears the deal also involved being put in IX Global at a certain rank or level
businessforhome.org/recommended-distributor/cory-kromray/
Part of Kromray’s payout will be putting everyone in Driven Trading under him. And Kromray’s position will be inserted up top somewhere, likely below IX Global corporate.
ted nuyten has deleted all negative but real reviews of ix global where investors have given one star and complained about their money getting stuck with ix global.
Just saw Jerrod – Kromrays “COO” post his (Kromray’s) boat and state he’s selling for a friend as his friend is moving out of the country.
You can actually see Kromray in one of the photos lol. I did notice he changed it since posting from “moving out of the country” to moving.
Is this a sign of the heat finally forcing him to flee to I’m guessing Dubai?
Probably has to sell the boat because the scam source of funds is GONE and is in trouble with the SEC.
Make sure to add Cory Kromray to the defendants list in that SEC case: debtboxreceiver.com
Cory Kromray is in fact from Minocqua, WI and has had an address there. He has also had a residence in Florida.
Why he chooses certain addresses for filings is an open question.
starjournalnow.com/2011/09/23/court-report-for-8-28/