Eaconomy has secured a preliminary injunction against Ali Saleh.

Saleh sued Eaconomy in 2023. Saleh claims Eaconomy owes him $150,000.

Eaconomy and owner Hassan Mahmoud filed a counterclaim against Saleh alleging defamation. As part of their counterclaim, Eaconomy and Mahmoud filed for a temporary restraining order and preliminary injunction in April 2024.

In addition to failing to pay his attorney, Saleh also failed to oppose Eaconomy’s requested TRO and injunction. This led to the court issuing the following order on March 25th, 2025;

Mr. Saleh’s failure to file points and authorities in response to Eaconomy’s Motion for Temporary Restraining Order … and Motion for Preliminary Injunction … constitutes Mr. Saleh’s consent to the Courts granting of the motions.

As per the granted preliminary injunction Saleh is prohibited

from disclosing confidential information or from using it for any purpose, including disparaging or defaming Defendants, or interfering with Eaconomy’s contractual relationship.

The injunction will remain in place pending the outcome of Saleh’s case and Eaconomy’s and Mahmoud’s counterclaim.

Interestingly, Eaconomy collapsed back in March. Mahmoud (right) has rebooted the scheme as Iqonic.

At the center of Iqonic is a “swipe to trade” scheme. Under “swipe to trade”, Iqonic customers swipe to initiate automated trading handled by Iqonic.

Ali Saleh appears to have relocated from the US to Dubai. Saleh is currently promoting AkashX:

AkashX is My Daily Choice’s unregistered trading scheme. Launched in 2020, BehindMLM documented AkashX’s first collapse in August 2023.

AkashX seems to have moved on from disastrous trading bots to “tap to trade”. Under “tap to trade”, AkashX customers click a button to initiate automated trading handled by AkashX.

If you’re thinking “swipe to trade” and “tap to trade” sound awfully similar, both schemes were programmed by MLM Protec LLC.

MLM Protec LLC is owned by AkashX owner Josh Zwagil. Zwagil just recently got out of two lawsuits alleging fraud tied to Eaconomy ownership.

Neither Iqonic, Hassan Mahmoud, AkashX, Josh Zwagil or Ali Saleh are registered with the CFTC.