CashFX Group locking accounts, scammers cry over “losses”
The drawn out exit-scam following CashFX Group’s collapse continues.
The latest has seen top investor accounts terminated. The scammers that own the accounts are crying over their “losses”.
In one of her now deleted marketing videos, Tanya Jennings inadvertently “leaked” CashFX Group’s shuffling of investor funds around.
Jennings is a top Australian promoter of CashFX Group. She sits in James Curtis’ downline.
Curtis is a top CashFX Group promoter from the UK.
Between them, Curtis and Jennings are suspected of making hundreds of thousands recruiting CashFX Group victims.
James started with Cash FX late February 2020, buying a $500 pack and has not put a single additional penny into the business since joining.
His $500 pack has now turned into a $100,000 pack within 15 months and he is currently earning a very substantial income from both the trading side and the business side (recruiting).
Addressing his termination, Curtis sent this out to his CashFX Group victims;
I joined CFX like most of you, as a business that … seemed to be real and legit.
The first year seemed to be really good and there didn’t seem to be any issues with withdrawals.
However as most of you will know that is not the case today iwth a lot of people now waiting up to 12 months for a withdrawal.
I thought I would let all of you know that I am no longer in CFX.
CFX (is) very angry and … have suspended people’s accounts for no valid reason with unfounded accusations of cross pitching.
As a result of these accusations, last week both Tanya and myself were removed from the Dictator’s Chat!
This week Tanya informed me that she had $144,034 from her balance withdrawn by the company out of her $100K account and that her account had been suspended.
The next day I logged into my own account and I had $228,000 withdrawn from my balance by the company and my $100k account was also suspended.
We have both sent messages via Telegram chat direct to Huascar Lopez – CEO of Cash FX Group requesting an explanation.
To date our messages have been read but have been totally ignored with no response or any official correspondence from the company.
In writing this I still have had no correspondence from the company, which doesn’t surprise me being that the company never seem to communicate with any of its members. I think this is disgusting!
Tanya and I were owed nearly $1 million in withdraws that has now gone back to the company with CFX already illegally withdrawing $372,034 from both our accounts without our permission being we are under a contract with the company that they have broken.
This amount is peanuts compared to what could be now over a billion dollars owing to the approx. 400,000 CFX members.
Unfortunately many have used their life savings to purchase a “trade pack” and have been sold a ticket to the promise land of financial freedom.
As a result legal action will now be taken and a liquidation order will be filed against CFX as they have broken these contracts with no proof, no written correspondence to us from corporate and certainly no valid reason.
I would just like to also mention, legally a company cannot dictate to its members what they can or cannot do outside of the company as we are not employees of CFX.
There are very many thousands of you in the team very frustrated waiting on withdrawals, some of you now have been wiating as long as 12 months!
To my utter horror, I have recently been informed that the Presidents and above in CFX have actually been paid regularly each month, which explains why most Presidents and above have remained so calm during the withdraw delays.
This is beyond unethical and is sickening to hear, especially while so many team members are struggling financially and have not been paid for so long.
Let’s not forget, to date the company hasn’t produced any audited reports to prove the company is actually trading which is a legal requirement.
I wish you all the very best and all the success … and I hope you are able to get some of your money paid to you by CFX.
My whole team and future incomes now conveniently roll up to Justin Halladay to reap the rewards of mine and your hard work.
I will be closing this group in the next 24 to 48 hrs.
Ah, Ponzi scammers getting scammed by Ponzi schemes. You hate to see it.
Make no mistake, Curtis, who claims he’s been in MLM for “over 30 years”, knew CashFX Group was a Ponzi scheme when he signed up.
Curtis knew CashFX Group was a Ponzi scheme as recruited thousands into it. And he’s now still refusing to admit it’s a Ponzi scheme, even as he and Jennings are cut off from imaginary backoffice balances that don’t exist.
And obviously nobody is going to court over stolen monopoly money funds in a Ponzi scheme.
Anyone still in CashFX Group knows the Ponzi scheme collapsed around November 2021. Top investors, like Curtis and Jennings, initially pretended everything was fine.
As the months and excuses dragged on, one by one CashFX Group’s top recruiters went silent and started disassociating themselves with the Ponzi scheme.
This culminated in Luigi Bruni’s messy divorce from Justin Halladay. As joint beneficiaries of the top non-admin CashFX Group investment position, Bruni and Halladay together have stolen millions.
Bruni is suspected of being cut off following promotion of other MLM opportunities, one of which BehindMLM has confirmed is a Ponzi scheme. The other is a trading MLM opportunity committing securities fraud.
Bruni is busy funneling CashFX Group investors into 8 Minute Trader. Not surprisingly, Curtis and Jennings had their CashFX Group accounts suspended over the same conduct.
There appears to currently be two camps in CashFX Group. Those following Bruni into 8 Minute Trader and various scams, and those who think CashFX Group is going to pull millions of dollars out of thin air to pay ROI balances that don’t exist.
Bruni funnelling CashFX Group scammers into 8 Minute Trader is interesting. The potential exposure parent company Youngevity are subjecting their established MLM business to can’t be understated.
BehindMLM has reviewed 8 Minute Trader and can confirm it’s not a Ponzi scheme. The usual criteria for an MLM opportunity to qualify as securities fraud is also absent; there’s no automated trading component in the current offering.
There are different types of securities fraud though and, for their part, Youngevity don’t seem concerned.
Shills on YouTube reduce 8 Minute Trader to a “62% in 8 minutes” or “daily 1% to 10%” ROI scheme:
At the very least these are potential violations of Section 5 of the FTC Act, falling under deceptive or unfair earnings claims.
If Sal Leto’s signals bot generates widespread losses for the majority of 8 Minute Trader customers, that’s not something Youngevity is likely to recover from.
It’s a lot of trust to put in someone with ties to OneCoin, perhaps now the most notorious MLM Ponzi scheme of all time. Toss in Bruni and other Ponzi scammers and well… the stakes are high.
While you can pay a dentist to clean and whiten up your teeth, cleansing the greed of a Ponzi scammer is far more difficult.
Bruni has built his reputation on scamming people through Ponzi schemes, and so alongside 8 Minute Trader we have Alya Finance and EnviFX & Automated Capital.
Alya Finance is your typical MLM crypto shitcoin Ponzi scheme. Envi FX and Automated Capital is a US based company committing securities fraud.
As with potential securities law and FTC Act violations, Youngevity don’t seem fussed their 8 Minute Trader affiliates are simultaneously promoting scams.
Over on Justin Halladay’s side of CashFX Group, you have a top earner who knows CashFX Group is dead but continues to play along.
Halladay fell off the CashFX Group bandwagon around early to mid 2021 – although he still continued to receive stolen investor funds.
I’m not sure on what the financial arrangement between Halladay and Huascar Lopez is/was, but at one point he even relocated his family down to the Dominican Republic.
Halladay has since dragged his family back to the US.
Like Bruni, CashFX Group’s collapse has seen Halladay explore other income opportunities.
Unlike Bruni though, Halladay started this much earlier.
For the better part of a year, Halladay has been shilling various NFT scams:
He does this through NFTAddictz.
Halladay’s NFTAddictz wallet currently holds 863 worthless NFTs.
The latest NFTAddictz grift is some bottom-of-the-barrel metaverse scheme:
Justin Halladay’s team is building five play-to-earn games, in which players can earn currency.
“One of them is called the Crypto Casino,” Halladay says.
“We’re building a casino that you’ll be able to engage with in Minecraft. If you like going to the casino, you’ll be able to play the slots and blackjack and roulette to win tokens.”
Tokens are crypto coins that can also be used for exclusive experiences and content, custom character NFTs, and other content and perks.
Halladay explains, “People will be able to play our games and generate crypto coins as they reach certain levels. I’m excited about that one.”
Mojang Studios, owned by Microsoft, banned NFTs and blockchain from Minecraft last month. Whatever Halladay’s latest scam is, it’s got nothing to do with Minecraft.
Also seeing as Minecraft is primarily a kids game, Halladay wanting to integrate a literal crypto casino into it is particularly disturbing.
Looking at Halladay’s and Bruni’s conduct side by side, Huascar Lopez appears to have drawn a line in the sand with MLM opportunities.
That is, in light of CashFX Group collapsing, Bruni and Halladay were free to promote other scams – so long as they weren’t MLM.
While Bruni’s walked away, Halladay looks set to stick around as long he continues to be paid off.
It otherwise makes zero sense to stick around a collapsed Ponzi you stopped openly promoting over a year ago.
Whatever the arrangement is, it’s driven Halladay to a mid-life crisis.
He’s spent the past year buying toys, getting tatted up and posting about religion on social media.
Halladay seems to think that after stealing millions through Ponzi schemes, paying lip-service to God is the road to salvation.
Unlike Luigi Bruni’s rotten teeth, cleansing one’s soul isn’t so simple. And such to the extent Halladay isn’t drenched in religious hypocrisy, he no doubt knows it.
You won’t find Exodus 20:15, “Thou Shalt Not Steal.” on Halladay’s FaceBook timeline.
As to CashFX Group CEO Huascar Lopez, what began as a vacation to Italy has now, retrospectively, emerged as the beginnings of an exit-scam.
CashFX Group’s last public corporate event was last November, just after they first disabled withdrawals.
Lopez now hasn’t been seen in public for months. His current location and status are unknown.
The Ponzi promoters have been scammed?
Well, my heart bleeds for them. It truly does not!
They are so many messages going around, what’s for real? I don’t know. Friends of us have been to Panama City in may 2022 and were very exicted about the company which looks all brand new.
Everybody was there who is on the pictures above….
So if it’s ponzi than they are even better actors!
Uh wasn’t that office put together late last year for photo/video shoots? It doesn’t actually have anything to do with CashFX’s day to day operations.
Bottom line is CashFX Group is a Ponzi scheme. Your friends, unless they’re President ranked, aren’t able to withdraw same as everyone else.
Travelling to a set in Panama doesn’t change that.
This “assclown” was right after all… tsk tsk.
Great reporting Oz 🙂
Are Cruise prizes a regular thing on Ponzi schemes?
Ponzitorto also offered a Cruise to Brasil and another to the Caribbean later he switched to rants about the system and Dark forces.
CashFX Group’s Nov 2021 cruise wasn’t a prize, investors had to buy tickets. It was a cashgrab.
People I know very well say they get paid out every week from CashFX, can anyone confirm or decline these statements please. Anyone in CashFX that can share some light into this?
It’s shows it there back office there income went up, however very few have been paid for last 11 months.
Did you read all the info above in post from Ozzy ?
@Allen:
You’re asking the wrong question. Whether or not they are getting paid has nothing to do with CashFX being a Ponzi scheme.
If you’re comfortable joining a Ponzi scheme to steal from others, don’t expect any of us to cheer you on.
Yeah numbers on a screen != getting paid.
The issue for the past year has been withdrawals. Fat lot of good infinity numbers on a screen does if you can’t convert it into cash.
CashFX Group cut off the investor base from what little cash was left ages ago. They’ve been rationing it out to Presidents but even that’s surely on its way to collapsing (hence the infighting).
@Amos_n_Andy,
I do not want you to cheer for me. Why in the world do you think I want to join a Ponzi?
Why are you here btw bashing these forums? I care for my friends and actually belive their words. For me there is hope, for you I just feel sad.
Cheers!
They are certainly a regular thing on MLM schemes, and by extension, Ponzis using the MLM model. They are the kind of thing you see awarded as a “rank bonus” for reaching milestones for money brought in, along with watches, fancy cars etc.
The idea behind awarding gameshow prizes for getting to a certain level is that the punters will work extra hard to pump money in / recruit as they get near a rank qualification.
Then they get their shiny thing and swank about with it to their downline on social media, who respond by pumping in more money, and the cycle continues.
As to why salespeople supposedly in the prime of life would want to go on a granny cruise, there are two reasons.
From the perspective of an MLM hun/bro, “cruises” are something that appears on their internal checklist of “things that rich / successful people have”. Along with “fast cars” and “shiny bracelets that duplicate a single minor functionality of your phone”.
It’s more of a cargo cult thing than something they actually want.
For an MLM scheme, a cruise is a great way to get a load of their most lucrative cash cows in one place that they can’t escape from and subject them to rah-rah seminars to encourage them to pump even more money in.
i dont know whether huaskar is a saint or a sinner 🙁 or has a good idea just gone horribly wrong or was it all deliberate.
john kinnear has stopped his weekly updates .. alli hear if i dare tosay anything is are you for us or against us. and that im being low vibrational if i dare to say anything that goes against their current narrative.
trying to getpeople into phase 2 .. more money for them for when phase 2 starts and everyone pays them 5000 ?
new company name …. cash fx will be no more …
but whats gonna come of all the copy trading 5000 start up s?
CashFX Group is a Ponzi scheme that collapsed. They’re trying to reboot to further defraud consumers. It’s not rocket science.
Cashfx is a scam, and so many people here is South Africa have been scammed.
I started out with $500 package and grew it to $5000 package but in two years only for one withdrawal.
When I asked to close the account I was told the withdrawal will be taken back in full, bottom line from having over $6000 in the account I would only get back $1700??
Either way, since September this year, I haven’t received any feedback or my money back, people are scared here, as we have invested hard earned money..
@Sydney, then you would’ve still stolen $1200 by proxy
People do not think they are stealing anything when they join . It’s not fair to make people feel bad like this.
I know you will all jump on this with more comments about the same. Anyone speaking out in any organised thing that gets screamed at are all cults. So don’t be so down on people speaking their feelings.
@Sue, whether they realise that they are stealing or not is irrelevant. The fact is that anyone who makes any sort of profit in these schemes has received ill-gotten gains.
There is absolutely tons and tons of examples out there of similar schemes.
NO ONE has any legitimate excuse to get involved with these schemes.
Stop trying to use pity as a means of absolve people of their responsibilities.
You’re right, they don’t think. They steal. If they get paid, of course. Because Ponzi – everything paid out is stolen from new victims.
Oh really? Now please answer one simple question. Is it fair to steal?
Cult rule no. 1: everything against our cult is a cult itself.
I think you’re overreacting. Nobody said that YOU stole anything from anyone in a Ponzi. Oz only said to you that CashFX is a scam trying to reboot itself to scam more people. Yes, there is another man trying to get his money back, but he won’t be able to. The moment he joined CashFX, his money were stolen and gone. What he may or may not receive will be stolen from others, according to Ponzi nature.
@Sue, you put in $500 and withdrew $1,700, for a 240% return, and you’re complaining?
You do know your “returns” came from money stolen from others, right? And that you’re complaining you weren’t able to steal more, right?
With the above in mind, why do you expect sympathy from anyone? Your “feelings” aren’t worth a pair of fetid dingo’s kidneys.
What people who steal money through Ponzi schemes think or feel doesn’t change what they’ve done.
Also considering most MLM Ponzi schemes are stooped in cult-like behavior, trying to flip the script is cute.
Everyone who joins an investment scheme paying 15% a week, when savings accounts pay 1-2% a year, knows or reasonably must know that they are signing up to steal money. Everyone.
If you feel bad after doing a bad thing, your brain is working correctly.
I’m also concerned about the future of Cashfx, as I’ve been waiting for over a year for them to be regulated here in Canada. We have not been able to sign up new members and have been at a standstill.
Withdrawals are nearly a year behind and waiting for the new phase of P2C. It could be an upcoming Ponzi exit scam, or just haters spreading negative rumors?
I’m confused about one thing, if Cashfx is truly planning an exit scam, then why would they be spending millions developing this new P2C program???
It’s been in the works for nearly 1 1/2 years, exhausting effort and time developing the new technology and such. Phil.
Nobody has spent millions on anything. CashFX Group collapsed in November 2021.
P2C announcements is the exit-scam.
Have the constant updates stopped you from reporting the scammers to your national financial regulator? Mission accomplished.
I appreciate the reply, but I’ve only become aware of this “potential scam” in the last week since receiving articles such as yours.
No one will ever truly know what happens until we wait and see, though I’m on the fence with its future now.
First, how can P2C be an exit scam when Huscar has spent months both developing P2C and becoming regulated here in Canada?
Also, how would this new phase 2 be helpful as a vehicle to do this exit, as Cashfx could have easily done this exit over a year ago without spending the time and effort to introduce this new program and designing the new website and training courses?
As a long-term member, I’m still waiting like many others for my withdrawal payment of over half a million dollars!
The top company executives tell us payments are catching up over the next 3-6 months because of the upgrading.
I’m taking both an open mind and trying to remain hopeful and patient. Any facts and real details would be welcome. Phil Edwards, retired Captain Canadian forces.
What happened is you invested in a Ponzi scheme and your money is gone. This isn’t complicated.
Gone into hiding with everyone’s money? That’s all you can verify has taken place since November 2021.
Anything else is the usual Ponzi exit-scam BS.
Have you reported CashFX Group to your national financial regulator?
When a Ponzi scheme cuts off it’s likely to trigger a flood of victim complaints. Keeping saps engaged with never-ending bullshit for as long as possible delays this.
Thanks for the information and I’ll keep a watch out for any developments with caution.
Cheers.
I wanted to extend my sincere thanks and appreciation for the information you’ve sent from beyond mlm.
Even as shocking and disappointing, this potential ponzi is an eye opener before members get in any deeper.
You mentioned that as this exit is coming to fruition, only the top members will receive outstanding withdrawals from President and up?
I’m curious if cashfx is soon to shutdown with all members money in the multi millions, why even payout top members and keep all the funds?
There are several that are still owed hundreds of thousands multiplied by possibility thousands. Curious.
To keep people thinking all is well. while they try to sell phase 2 and get more income again?
The selective payments phase is long gone. Nobody has gotten anything out of CashFX Group for most of 2022.
Thanks Oz, I’m so thankful that I came across your informative website.
So even all the top president members here in Canada that are certain to receive these outstanding payments are SOL?
I know several that are waiting to receive anywhere from $500K to nearly $1 million with the 2 times the bear and bull trading accounts.
CashFX Group is a collapsed Ponzi scheme. Where is the money going to come from?
The most Lopez was willing to part with was $20K a month to some top earners to keep lying to investors. That stopped what, early 2022?
As for the dumbasses who still think they’re getting paid without new suckers being recruited, the money represented by numbers on a screen in the backoffice doesn’t exist.
I was searching Justin Halliday’s Facebook page, and he seems to promote a commitment to Christ and a moral religious lifestyle.
Is against the dark evil of Satan, so is this the same person involved in the Cashfx scam? Phil.
Yeah the whole “thou shalt not steal” seems a bit lost on Halladay.
No amount of cringe tatts can wipe away the amount of money Halladay stole through CashFX Group.
Phil Edwards..I reckon you check the Facebook group…”cashfx scam, now what?”
A great bunch of smart people who expose and educate about this awful ponzi scheme scam.
You will get all the answers about fake religion Justin Halladay and his scammers lifestyle…
I truly appreciate the reply from everyone regarding this cashfx ponzi scam. I will continue to dive deeper into these disappointing details that need to be investigated.
This was supposed to be our retirement plan for our 70’s and 80’s. I guess now need to work a few years longer, or try day trading.
I’m wondering if you have any reliable sources telling us when cashfx will completely shut the doors and exit with all the members’ money?
The company appears to continue marketing operations under the new P2C program, still working on the final steps for compliance in Canada and the US.
I’m not sure if they can sign new recruits yet in Canada, other than select countries?
Huascar Lopez has already exited with your money. Withdrawals stopped in November 2021.
It doesn’t take one and a half years to register with the SEC. And you can’t undo securities fraud.
Stop asking for answers to bullshit marketing, you’re not going to get any.
Sounds good, and thanks for the information and sorry for causing any inconvenience or irritating you.
All good. If I come across as irritated it’s because every Ponzi collapse plays out the same – often with the same questions. Nothing personal.
No problem Oz, there are so many bias “hate sites” today that come across very abrupt and even insulting if you don’t totally agree with their view and agenda.
Not everyone has done the extensive research you have, and we’re slowly learning to understand the big picture with help from people like yourself.
FYI; Latest from our Canadian Global power team.
Unfortunately, there are 50,000 plus members still waiting for withdrawal money as of mid-February 2023, according to the telegram group chat!
Maybe less than 10 have claimed to be paid recently, just here in Canada.
Some applied for the new phase 2 BNB debt card over a year ago, and nobody has received the card as yet, and are still working on getting approval.
They also claim that some withdrawals for the new P2C side are being selected for the “test run”.
Hello again, Oz. I wanted to update you on the latest developments with the new A2PC platform and see if you can look deeper into the validity?
Apparently, the last few days of chat on Telegram mentioned that the new BNB debit card is being released, along with A2PC being hours away from being launched?
Also, several members have been paid from P2C over the past few weeks, but nothing has been received yet for past CFX withdrawals.
I’m still not very confident that this new platform will launch and turn the company around? And it’s strange why Cashfx has been paying out from this P2C program, but nothing for nearly 1 1/2 years in some cases from CashFX, especially with very large amounts.
Many members seem to be “hanging on” with hope, but some are starting to suspect and give up.
Phil.
Nothing to look into. CashFX Group is a Ponzi scheme.
New marketing bullshit = new recruitment = new investment = new selective withdrawals.
Bnbpay has been liquidated. No more card.
mmmm i was told by a guy who follows crypto bitcoin etc, in September last year 2021 that cfx would be gone by December 2021. I raised my concerns with the leaders they all laughed n reassured me that cfx will be around for a long time.
Thank goodness we didn’t invest any more than initial 500.. n reinvested what we made wen it was bringing 6% a week.
We keep being told don’t be so negative, hang in there, removed from group chats if repeatedly being negative.. telegram pages admin stopped comments on there months ago.
The who copy trading was made to look super super special n $$$$$$$$ then b n b onto of that.. but not associated with cfx like what the? P2c pay for joining Inforation pages..
I smelt a rat then.. then internal upgrading, and still they took 20% of commissions, no withdrawals since sept last year 2022..
I know of many who invested 40 n 50k into this..they hit 100k.. if they cap out they lose it all.
The debit card was suppose to be up n running, no sign of that either.
Hey Vicky, fortunately I pretty much broke even, and only invested $1,000 of my own money. Got my capital back and I’m only out a few hundred of imaginary profit.
I’ve also heard via the CFX power team grapevine that the top original members are out between a half a million to nearly 1 million dollars!
Most are still deluded and convinced that Huscar with eventually payout every members money???
@Phil the top leaders all know it’s a scam as this is what they do for a living, they are saying they expect to get paid all that money as it gives the people they’ve scammed hope, and it’s another way to drag it out so people just eventually give up rather than report them.
Well Jim, I do agree that the founding fathers that started CFX planned the scam from the start.
I was referring to the top members who joined in the first few months convinced that this plan would make then all millions! Most continued to upgrade the packages, only making small withdrawals, growing with 2X the bear and bull side.
I know of several veteran members who are at risk of losing close to a million dollars in upgrade growth.
I agree with the broken promises of hope, and “just wait and see” as we’re still working out the bugs for Canadian regulations.
Sadly, some of these veterans still actually believe the withdrawal money is still coming.
I’ve recieved an email from cfx corporate team asking me to update my personal details name, address, passport ID, telephone number etc. as they want to to send me my ‘debit card’ so I can start spending my funds.
I guess this is another scam to use my personal details for illicit purposes.