iX Global TRO dissolved, concerns about Dubai
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 @ BehindMLM
iX Global’s securities fraud climbs to $110 million
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.
Debt Box’s owners are hiding/selling frozen assets
As per a motion seeking a contempt order and sanctions, Debt Box’s owners appear to be hiding and attempting to sell frozen assets. Debt Box’s owners are also allegedly not cooperating with a court-appointed Temporary Receiver. As noted in Temporary Receiver’s filing, these are direct violations of a previously granted Temporary Restraining Order.
iX Global sued for $49 million in fraud by SEC
iX Global, its CEO and several promoters have been sued for securities fraud by the SEC. Between iX Global and its Debt Box ruse, the SEC’s July 26th filed Complaint names eighteen defendants.
Driven Trading merged with IX Global Ponzi scheme
Driven Trading appeared on BehindMLM’s radar in October 2021, as the securities fraud component of Jimmy Ezzell’s Young Entrepreneur Project. That partnership broke down in April 2022, with YEP and Driven Trading going their separate ways. YEP went on to collapse shortly after. Owner and CEO Cory Kromray spun Driven Trading off as a non-MLM [Continue reading…]
Top IX Global Ponzi scammer Sailesh Pandey arrested in India
Sailesh Pandey, alleged to be a key IX Global Ponzi insider, was arrested by Indian authorities on October 21st. Pandey, with assistance from brothers Arvind and Rohit, stands accused of laundered over $9 million in stolen funds.
R Network securities fraud continues with iX Global
What’s left of R Network is being funneled into newly launched iX Global. The transition is being framed as a “partnership” and was announced earlier this month. Presumably the “partnership” includes an undisclosed financial agreement with R Network founder Richard Smith.
iX Global Review: Securities fraud hidden behind edu platform
iX Global launched last year and is headed up by co-founders Anita Davis (COO), Helen Boyle (CCO) and Joe Martinez (CEO). On iX Global’s website Martinez is presented as the sole founder of the company. Davis and Boyle appear in the customer testimonials section, which is disingenuous seeing as it’s their company. Prior to co-founding [Continue reading…]
