iX Global @ BehindMLM

The Kolkata Directorate of Enforcement (ED), has made a number of seizures following raids on May 16th. As reported by the ED on May 20th, raids were connected to an ongoing criminal case targeting TM Traders & M/s KK Traders. These entities are cited as alter-egos of iX Global and TP Global FX.

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

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 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.

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).

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.

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 has collapsed. On a “final global call” held on June 24th, founder Joe Martinez confirmed an ongoing SEC investigation into the company.

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.

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.