TriumphFX securities fraud warnings from ON, Canada
TriumphFX has received two securities fraud warnings from Ontario, Canada.
The Ontario Securities Commission issued separate warnings for TriumphFX and Triumph Int. on December 14th.
OSC cites TriumphFX and Triumph Int. as shell companies in Cyprus and Seychelles respectively.
OSC warns that neither TriumphFX or Triumph Int. are “registered in Ontario to engage in the business of trading in securities.”
Associated TriumphFX website domains noted by the OSC include:
- triumphfx.com
- tfxi.com and
- tfxi2.com
TriumphFX is a long-running Ponzi scheme that primarily targets Malaysia.
BehindMLM first came across TriumphFX back in 2017. Since then we’ve reported on TriumphFX
- getting banned in Indonesia in 2021 for investment fraud
- receiving a securities fraud warning from Singapore in 2021
- receiving two securities fraud warnings from Indonesia despite being banned there
- receiving a securities fraud warning from Malaysia in 2022
- receiving a securities fraud warning from Australia in November 2023
The current status of TriumphFX is a bit murky.
In 2018 Singapore-based scammer Hermes Leong (right) was arrested on charges related to Triumph Global, an earlier iteration of TriumphFX.
Then in October 2022, TriumphFX collapsed following non-payment of withdrawals for weeks.
Despite these two significant events, TriumphFX persists. SimilarWeb tracked ~202,000 visits to TriumphFX’s primary “tfxi.com” domain in October 2023.
71% of that traffic originated from Malaysia, 13% from Taiwan, 6% from China and 4% from Australia.
