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, 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 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…]
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.
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 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…]
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