Cory Kromray, owner and CEO of Driven Trading, has been indicted on wire fraud and money laundering charges.

Kromray’s May 14th indictment was filed in the Western District of Wisconsin and cites eight counts of wire fraud and two counts of money laundering.

Driven Trading was a unregistered automated forex trading scheme. In addition to Kromray, other Driven Trading executives included Gary Engels (COO) and Livia Fisher-Kane (CMO).

BehindMLM first came across Driven Trading when it was attached to Jimmy Ezzell’s Young Entrepreneur Project (YEP) in 2021.

Citing the partnership as a “significant source of revenue”, YEP dropped Driven Trading amid suspected securities fraud concerns in February 2022.

What was left of Driven Trading was then merged into the iX Global Ponzi scheme in March 2023.

Following a bungled SEC securities fraud lawsuit and subsequent ongoing investigation, iX Global collapsed in June 2024.

Kromray’s indictment details alleged fraudulent conduct spanning September 2018 through March 2025.

It was part of the scheme to defraud that KROMRAY used social media and other online communications to portray himself as a successful trader in stocks, mutual funds, cryptocurrency, and the foreign currency exchange market (forex).

KROMRAY also used social media to display his wealth allegedly acquired from trading, including images or references to expensive watches, a large home, tropical vacations, and exotic sports cars.

Between September 2018 and August 2024 Kromray, who cites himself as an “economic alpha”, solicited “approximately” $3.6 million from consumers.

As part of Driven Trading’s marketing, in an undated marketing video Kromray stated;

I know there’s people out there that are praying for a better tomorrow. And I believe God has blessed me with the ability to do more and become more and to bring all this knowledge and  all this talent to the world.

I can’t stop because I have a burning desire for change. I see people hurting out there. And I see all these people hurting out there, it gives me a divine inspired motivation to go out there and impact as many people as I can.

As alleged in his indictment, here’s the reality behind Kromray’s “divine inspired” conduct;

Rather than invest the money on behalf of the investors as promised, KROMRAY used the majority of those funds for his own purposes.

KROMRAY used the investors’ funds to pay his personal expenses, including but not limited to:

a. the down payment for a 2022 Lamborghini Urus;

b. monthly payments for a 2020 GMC Sierra truck;

c. payments for a 2024 Durango half-ton trailer;

d. the down payment for a 2023 Malibu ski boat;

e. monthly mortgage payments for his residence in Minocqua, Wisconsin; and

f. credit card payments to Capital One.

To the extent Kromray had “God blessed knowledge and talent”, he further used it to defraud consumers;

It was further part of the scheme to defraud that KROMRAY provided investors with false information about the success of their investments with him.

For example, KROMRAY provided investors with fictitious account statements that showed the investors’ supposed current portfolio balance.

By providing the fictitious account statements, KROMRAY intended to lull investors into believing that he was actively trading their funds. KROMRAY knew that the account statements he provided to his investors were fictitious.

It was further part of the scheme to defraud that KROMRA Y failed to inform his investors that he lied to them about the true nature of their investments.

KROMRAY failed to tell the investors that he misappropriated their funds to pay for his personal expenses and that he used their funds to provide returns to other investors.

It was further part of the scheme to defraud that KROMRAY would falsely claim that investors could expect a monthly rate of return of approximately 4% to 8%, with the potential of earning up to 30% a month.

It was further part of the scheme to defraud that KROMRAY made payments to some investors and told them the payments were income he earned from trading their funds.

In fact, KROMRAY knew the payments came from funds provided to him by other investors and not from any investments that he had made.

In other words, Kromray would have you believe God motivated him to run a Ponzi scheme.

If convicted, Kromray faces up to 20 years on each wire fraud charge and up to ten years on the money laundering charges. The DOJ is also seeking a money judgment and forfeiture of a Minocqua property, 2024 Druango trailer and 2020 GMC Sierra truck.

At time of publication there is no indication on Cromray’s criminal case docket or indictment filings to suggest his arrest. With his arrest pending, Cromray’s current whereabout and status are unclear.

 

Update 4th June 2025 – At some point Cory Kromray appears to have either been arrested or surrendered.

Kromray’s arraignment was held on June 3rd, at which Kromray pled not guilty. Following his arraignment Kromray was granted pre-trial release.