Driven Trading’s Cory Kromray indicted for wire fraud
Cory Kromray, owner and CEO of Driven Trading, has been indicted on wire fraud and money laundering charges.
iX Global @ BehindMLM
iN8 Review: iX Global securities fraud continues
iN8’s origins are in the fraudulent investment scheme run by iX Global and Debt Box. Amid a then ongoing SEC fraud case, iX Global founder and CEO Joe Martinez launched iN8 as an NFT Ponzi grift. That lasted roughly two months, with iN8’s first iteration collapsing in March 2024. Martinez (right) launched iX Global back [Continue reading…]
iX Global’s Viraj Patil released, immediately arrested again
iX Global scammer Viraj Patil managed to convince a Judge in Kolkata to grant him interim bail. Upon release, Nagpur’s Economic Offenses Wing immediately arrested Patil and threw him back in prison.
$4.1 million iX Global fraud case in Mumbai, India
A new iX Global investment fraud case has been opened in Mumbai, India. 200 victims have come forward alleging Rs. 350 million in losses (~$4.1 million USD).
Debt Box’s $400 million “kidnapped in Dubai” exit-scam
Early on in their since dismissed case the SEC flagged concerns about Debt Box’s owners fleeing to Dubai. Now those concerns have been realized, along with what appears to be an attempted $400 million exit-scam.
iX Global promoter arrested in Maharashtra, India
An iX Global promoter has been arrested in Wardha, a city in the Indian state of Maharashtra. Following an EOW Nagpur investigation, Preeti Nilesh Raut stands accused of stealing Rs. 25.9 million through iX Global (~$309,000 USD).
iX Global collapses amid ongoing SEC investigation
iX Global has collapsed. On a “final global call” held on June 24th, founder Joe Martinez confirmed an ongoing SEC investigation into the company.
iX Global securities fraud continues with CloudX
Following the collapse of its short-lived IN8 NFT Ponzi scheme, iX Global has tripled down on securities fraud with CloudX. In a nutshell, iX Global’s CloudX is a variation of the “node positions” model, except blockchain has been swapped out for web hosting.
Details of the iX Global & Joe Martinez investigation in India
A May 1st report from India’s Directorate of Enforcement has provided insight into the ongoing fraud investigation into iX Global and CEO Joseph Martinez.
As requested by SEC, iX Global fraud case dismissed
Following a motion from the SEC, its $49 million securities fraud case against iX Global and Debt Box has been voluntarily dismissed. The court ordered the dismissal on May 28th, also ordering the SEC to pay costs.
