iX Global @ BehindMLM

A court has found the SEC getting some dates wrong in its Debt Box case constitutes bad faith. Financial sanctions have been imposed and the SEC’s request to dismiss the case for refiling has been denied.

Between the SEC suing it for securities fraud and Indian authorities arresting money launderers, iX Global’s original forex and crypto mining ruses are dead. In an effort to continue violating US federal securities law, iX Global has announced a new NFT “rewards” grift.

In light of date errors made in presenting its case, the SEC has opted to voluntarily dismiss securities fraud proceedings against iX Global and Debt Box. The revelation was made in a January 30th surreply filing, made in response to why the SEC shouldn’t be sanctioned.

Following executed search warrants on January 11th, Indian authorities have frozen Rs. 6.4 million (~$77,000 USD). In a January 12th press-release, the Enforcement Directorate revealed the funds were tied to iX Global and TP Global FX.

Seems iX Global top earner Viraj Patil didn’t fancy spending Christmas and New Year’s in Dubai. Viraj, a wanted fugitive, was arrested after his flight from Dubai landed at Chhatrapati Shivaji Maharaj International Airport on Sunday night.

The SEC is facing sanctions in its securities fraud case against Debt Box and iX Global. In a nutshell, the SEC’s attorneys got some dates wrong with respect to when the Debt Box defendants began transferring investor funds out of the US to the UAE. This led to a false sense of urgency, which the [Continue reading…]

The SEC has been ordered to explain why it shouldn’t be sanctioned in the ongoing Debt Box & iX Global case. As noted by the court, at the hearing to dissolve the TRO (the TRO was dissolved in October), the court highlighted several of the Commission’s representations supporting the TRO Application the court believed were [Continue reading…]

Indian authorities have issued arrest warrants for multiple iX Global promoters. Among the wanted fugitives is Viraj Patil, whose fraud has been celebrated on Ted Nuyten’s BusinessForHome; Originally from India, Patil has since fled the country for Dubai. After speaking with seventeen iX Global victims in India, Money Control broke news of the arrest warrants [Continue reading…]

The Temporary Restraining Order freezing iX Global’s and Debt Box’s assets has been dissolved. The somewhat concerning court order was made on October 6th.

iX Global’s and Debt Box’s combined securities fraud has climbed to over $110 million. This is up from the original $49 million the SEC sued the companies for last month.