Manifest FX Review: Unregistered forex trading bot scheme
Manifest FX provides no information about who owns or runs the company on its website.
On what appears to be an official Manifest FX YouTube channel, marketing videos credit Jimmy Bennett and Josh Felts as co-founders of the company.
I wasn’t able to establish if Jimmy Bennett has an MLM history.
On his personal website, Bennett describes himself as a “British entrepreneur”.
The marketing slide above cites Bennett as a founder of Southgate Wealth. A Google search for “”southgate wealth” bennett” returns four results. Two are unrelated and the other three are Manifest FX spam.
This puts a question mark over Jimmy Bennett’s professional history.
Update 22nd March 2022 – Turns out Jimmy Bennett has a history of securities fraud.
Circa 2015 Bennett was promoting some real-estate investment scheme:
In October 2020 Bennett launched Simply FX:
As above, Bennett pitched Simply FX as a 40% to 50% a month passive “auto trader” scheme.
The FCA moved in and shut Simply FX down in December 2021:
The FCA identify Simply FX as “SnapTrade LTD”. SnapTrade LTD is another UK shell company owned by Bennett.
If you’re wondering why SnapTrade LTD is still incorporated despite being tied to securities fraud, it’s because securities regulation in the UK is dysfunctional.
For all intents and purposes, Manifest FX appears to be a spinoff of Simply FX. /end update
After failing to establish himself as a religious rapper, in 2015 Josh Felts launched his own ministry.
That flopped and led to Felts slinging MLM trading opportunities.
BusinessForHome tied Felts to Silver Star Live in January 2019.
Silver Star Live was a forex bot MLM company that failed to register itself with US regulators.
In November 2019 we learned the CFTC went after Silver Star Live co-founders Hassan Mahmoud and Candace Ross-Mahmoud.
In mid 2020 the CFTC filed suit against Silver Star Live’s third co-founder, David Mayer.
The CFTC alleged in their lawsuit that Mayer, through Silver Star Live and Silver Star Live Software, defrauded “more than 9000 clients out of millions of dollars”.
In August 2021 Mayer copped a $15.6 million judgment.
By then Felts had moved onto Epic Trading, which he promoted under “Paid2Live” branding.
Epic Trading wasn’t as nefarious as Silver Star Live but we still raised pyramid concerns.
I found Manifest FX marketing dating back to January 2021. This suggests Felt’s time promoting the company was short-lived (or he managed both for a while).
Manifest FX’s website was registered through an incomplete UK address in December 2020.
Based on their respective social media profiles, Jimmy Bennett and Josh Felts represent they are based out of Dubai and the US state of Georgia respectively.
With Dubai being the MLM scam capital of the world, Bennett basing himself there is an automatic red flag.
Despite having no ties to the UK, other then Bennett presumably being a UK citizen living abroad, Manifest FX represents it operates out of Chichester.
Read on for a full review of Manifest FX’s MLM opportunity.
Manifest FX’s Products
Manifest FX has no retailable products or services.
Affiliates are only able to market Manifest FX affiliate membership itself.
Manifest FX does sell branded clothing, however this has nothing to do with their MLM opportunity.
Manifest FX’s Compensation Plan
Manifest FX affiliates purchase access to an automated trading forex bot.
- $1 License – costs $1 a month and provides access to “AI trading software”, Manifest FX keeps 60% of returns
- Platinum Elite – costs $849 and reduces Manifest FX fee to 25%
- Royalty – costs $1299, provides access to three trading bots and maintains 25% Manifest FX fee
- The CEO Club – costs $4999, provides access to three trading bots and removes Manifest FX fee
The MLM side of Manifest FX pays on recruitment of affiliates.
Direct Recruitment Commissions
Manifest FX affiliates are paid on recruitment of affiliates:
- recruit a Platinum Elite affiliate and earn $100
- recruit a Royalty affiliate and earn $140
- recruit a The CEO Club affiliate and earn $200
Note that Manifest FX’s compensation plan details monthly membership payment options. These are not detailed on Manifest FX’s website.
In any event, should they be made available again, the above amounts are paid out at 50%.
Residual Commissions
Manifest FX pays residual commissions as a percentage of funds spent by recruited affiliates each month.
This presumably only applies to monthly affiliate memberships, however this isn’t made clear in Manifest FX’s compensation material.
Manifest FX pays residual commissions down two levels of recruitment (unilevel):
- Platinum Elites earn 15% a month
- Royalty and The CEO Club affiliates earn 20% a month
All affiliates earn 5% on level 2 (affiliates recruited by those you recruit).
Global Bosses Pool
Manifest FX takes 3% of company-wide affiliate fee revenue and places it into the Global Bosses Pool.
Manifest FX affiliates qualify for a share in the Global Bosses Pool when they recruit ten affiliates in a month.
Although not clarified, I believe Global Bosses Pool qualification resets monthly.
Recruitment Bonus
Manifest FX rewards affiliates who recruit with the following bonuses:
- recruit 25 affiliates with active membership and receive AirPod Pros
- recruit 50 affiliates with active membership and receive a MacBook Pro
- recruit 100 affiliates with active membership and receive an iMac or $2500
- recruit 250 affiliates with active membership and receive a “$5000 shopping spree”
- recruit 500 affiliates with active membership and receive a Rolex watch
- recruit 1000 affiliates with active membership and receive a “7 Star hotel Dubai trip of a lifetime” or $10,000
- recruit 2500 affiliates with active membership and receive a Mercedes G Wagon or Range Rover or $75,000
- recruit 5000 affiliates with active membership and receive a Lamborghini Huracan Evo or Ferrari Portofino
Joining Manifest FX
Manifest FX affiliate membership costs $1 to $4999:
- $1 License – $1 a month
- Platinum Elite – $849
- Royalty – $1299
- The CEO Club – $4999
Manifest FX’s compensation plan references monthly fee options for Platinum Elite and higher. Details aren’t available on the company’s website.
Manifest FX accepts bitcoin and USD as payment.
Manifest FX Conclusion
Manifest FX is a continuance of what Josh Felts learned at Silver Star Live. That brings with it the same regulatory concerns.
By providing affiliates with access to a passive trading bot Manifest FX is committing securities fraud.
Because they’re offering returns through forex, whether purported or otherwise, Manifest FX and its founders also need to register with the CFTC.
At time of publication neither Manifest FX, Jimmy Bennett and Josh Felts are registered with the SEC or CFTC.
By failing to register with US regulators, Manifest FX is setting itself up for the same fraud charges Silver Star Live was pulled up on.
Secondary regulatory concerns exist by way of Manifest FX failing to provide consumers with any information about its trading bots.
This is potential violation of the FTC Act (disclosures and deceptive marketing).
Seemingly aware it is operating illegally, Manifest FX offers up the following pseudo-compliance on its website:
The information on this site is not directed at residents of the United States.
This is obvious pseudo-compliance. In addition to Josh Felts operating from the US, three out five Manifest FX “team members” are US residents.
Meanwhile a search of social media reveals plenty of Manifest FX promoters with US accents.
In October 2021 Bennett fronted a Manifest FX Marketing video titled “MANIFEST E-COMMERCE LAUNCH”.
Manifest E-commerce appears to be some Amazon dropshipping training scheme.
This suggests things aren’t going so well with Manifest FX’s trading bot opportunity.
Curiously I couldn’t find anything further on Manifest E-commerce. It doesn’t appear to have gone anywhere.
At the end of the day if Manifest FX’s marketing claims were legitimate, they’d register with US regulators and provide investors with relevant audits.
Failing to do this is not only illegal, as we saw with Silver Star Live, it lends itself to Manifest FX operating fraudulently. Both with respect to its business model and claims made about its trading bots.
The majority of Silver Star Live affiliates lost money. Being essentially a clone of the business by a former promoter, Manifest FX will play out the same.
Update 23rd July 2022 – Manifest has ditched its “Manifest FX” branding. The company now just goes by Manifest.
Update 16th May 2023 – A reader wrote in to advise that Manifest also has a Simply Success spinoff.
Update 10th February 2024 – BehindMLM published an updated Manifest review on February 9th, 2024.
Jimmy looks like a certain Bulgarian crypto-bro now in custody.
I was sorely tempted to caption that photo “douchebag vibes”.
You wouldn’t need to. It says it already sadly.
BWTF? He is clearly being postured (and I don’t think he’s smart enough himself) to look like someone who was a poster child for a much bigger scam.
Angus Levie is also heavily promoting iPrimeCapital to his followers at Manifest… snipboard.io/R5P0xG.jpg
The $1 “Destiny” plan summary says “60/40 split…in favour of Manifest,” which implies they keep 60% rather than 40% (?).
I’m glad the Konstantin Ignatov vibes I was getting weren’t just me.
Ah it does to. I was working off the comp plan where it wasn’t clear.
Gave Manifest FX the benefit of the doubt in that they weren’t screwing people over. Wrong call!
Great read very informative, I thought I would just add that Jimmy also has a Website that is blocked by the FCA which can be found here: simply-fx.co.uk
So if Bennett is on the FCA’s radar, that explains fleeing to Dubai?
That would be my guess. Hopefully they will put together the pieces and see all of the other dodgy projects he has running. Very clear with just a little research he is VERY dodgy.
Really glad people are calling it all out.
As a UK entity we do not need to be registered with US authorities.
We are also currently not a MLM only affiliate marketing which is totally legal.
I also haven’t fled to Dubai, I’ve lived in Dubai for a long time but spend half my time in the above mentioned offices in Chichester UK.
FCA closing a clone site has nothing to do with any of our projects. We are totally above board and do all we can to provide as much opportunities to our clients as possible. Please do your research.
1. Registering a shell company in the UK doesn’t make you a UK entity.
2. Josh Felts is a US citizen and resident. Or has he fled to Dubai too?
3. Even if Felts has fled the US, Manifest FX needs to be registered in every jurisdiction it solicits investment in.
4. Most of your team, as detailed in the review, are based out of the US.
MLM comp plan = MLM company.
Yeah, apparently you’ve been scamming for a long time too.
Randoms from the UK don’t turn up in Dubai to launch fraudulent investment opportunities.
Nobody said anything about a clone site. #7 cited you as the owner of a domain shut down by the FCA.
Securities fraud is, by definition, the opposite of totally above board.
1. Registering a shell company in the UK doesn’t make you a UK entity.
It’s not a shell company, it’s a registered office and we also have a team of over 30 staff all of whom work from our office in Chichester sussex UK.
2. Josh Felts is a US citizen and resident. Or has he fled to Dubai too?
Josh has moved on to an MLM which is more his flavour.
3. Even if Felts has fled the US, Manifest FX needs to be registered in every jurisdiction it solicits investment in.
We don’t actually trade anybodys funds we are a software provider. We do not hold investment funds for any clients so that’s incorrect.
There is also no mention of MLM comp plan. We have a affiliate payout service for those who introduce, but it is only affiliate marketing no multiple levels.
My main residence is in the UK and also a UK tax payer. My Dubai home is a holiday home of which I only visit a few months of the year.
I understand that you may not fully understand as perhaps maybe you have lost money with companies and so your Lens is automatically scewed perhaps. I can assure you I come from modest means and I give back to my local community in many ways publicised and unpublicised.
Registered with the FCA then? Filed audited financial reports?
So he’s done and cashed out? If you can confirm that I’ll update the review, thanks.
You market a passive investment opportunity that places invested funds under the control of a bot you provide access to. Where the invested funds are held is irrelevant.
This is a securities offering and needs to be registered with financial regulators.
See: revew. That’s based on Manifest FX’s compensation plan.
If the compensation plan has been changed and you can confirm with compensation details, I’ll add up an update to the review.
Nah I’m good mate. Reckon I’ve been covering MLM since you were in secondary school.
That’s great but Manfest FX is still committing securities fraud.
Co-founder is apparently out. Compensation plan has been abandoned. Sounds like Manifest FX is in the toilet hey?
Clone site you say? What is it a Clone of? Manifest? or something else you have?
1.) Mark Mannering:
Jimmy Bennett:
Please see this Facebook post from Mr. Bennett’s own Facebook page (ibb.co/pywVLHt). In this post, Mr. Bennett introduces his followers to Simply FX.
Should Mr. Bennett respond by claiming this account is merely a clone account impersonating him, I draw your attention to the cap he is seen clearly wearing in the post’s photo.
Jimmy Bennett:
Thank you, I did.
2.) Jimmy Bennett:
However, a number of Mr. Bennett’s companies (including Manifest Your Best (t/a Manifest FX), Snaptrade (t/a Simply FX – now t/a Simply Success Academy following Simply FX’s FCA domain suspension)) appear to operate out of residential addresses in the Chichester area.
It is my understanding that a UK company is required register its primary place of business with Companies House, which leads me to wonder why Mr. Bennett has chosen not to.
Where exactly is this office, Mr. Bennett?
Sources: Company websites (screenshots: ibb.co/thgCfdq & ibb.co/xYkSsCN), UK Companies House pages (find-and-update.company-information.service.gov.uk/officers/_vuN7L8gHnTrxue__tlHYknGuhs/appointments & find-and-update.company-information.service.gov.uk/officers/uOLJvohCwJ2920mhqCrerCohNBY/appointments) and Google Maps (screenshots: ibb.co/3FYy03H & ibb.co/FmwhZrb)
It’s all very shady.
It’s not shady, that’s where I live. My home address.
Your registered office address does not need to be a office you specifically trade out of. It’s very much easier having all correspondence coming to one address.
It was actually advised by our accountants to do so. I have numerous company’s that operate out of different premises.
Why would anyone need “numerous company’s” (sic) if they were legit?
Do those “30 people” all come to your house every day? Lockdown must have been hell. None of them can trusted to pick up post?
It’s 2022. You need paper correspondence Jimmy?
That Konstantin-look is not helping you btw. Neither is that Konstantin-English
I just said it’s registered to my home address because I have multiple companies that operate out of multiple premises.
There is nothing about owning multiple companies that operate in different sectors that makes you not legitimate.
Anyway not going to further comment, I was just trying to give some factual reference to some of the claims made. That we are not a shell company, we pay UK tax, check our IG @manifest.family we post in the office, shots of our team working in the office and our fantastic company culture.
Love how Mr. Bennett “addresses” the less important part of my previous post, but side-steps the more concerning FCA suspension.
Suspension of his company operating in the same sector as Manifest, with near-identical offerings. Snaptrade t/a Simply FX, and its later rebrand to Simply Success Academy.
As for no “further comment,” I’d say that’s because Mr. Bennett’s realised he’s been caught in a number of lies… or he truly doesn’t understand the investment sector he’s stewarding customer money through. I’m not sure which is worse.
So many red flags. Red flags no savvy investor should overlook.
No side stepping, I addressed it in the previous post. If the FCA had a problem with my company they would be taking some sort of formative action against us. I was just addressing the other statements made.
No further comment was because I wanted to just correct some misinformation not get into a battle of words online.
I’d call suspension of your investment company Simply FX and the public warning put out by the FCA as action against you.
Maybe we’ll see a similar warning for Manifest in the near future. Only time will tell.
Also, it’s not Misinformation when presented with evidence. That’s Information.
There’s been no suspension just a request to change the way we brand.. a suspension of domain name yes.
Not evidence, interpretable information. I just saw there was a review left from an out of date presentation from somebody that’s not a customer and wanted to help shed some light.
I was only trying to help give some information that was all.
Mr. Bennett, I’m sure you’re aware there are plenty of reviews from your customers detailing their regret and misfortune at your company’s hands.
The “out of date” reference material above remains almost identical to the information on your company’s current website. Further, Mr. Felts remains your equal partner as per your UK Companies House confirmation posted just this month.
Nothing your saying seems to ring true.
I think I’ll leave it there and perhaps circle back in a year’s time to see what became of all this, but I suspect I know what I’ll find.
Great review, OP.
Obvious Ponzi scam is an obvious Ponzi scam!
And I do not want to sound like a snob, but I would not trust a tattooed numpty in a baseball cap with a bag of chocolate coins, let alone my actual money!
…Naughty naughty!
Also there is no Manifest Your Best / Manifest FX listed with the Financial Conduct Authority.
PONZI SCAM!
Thank you for confirming Manifest FX is committing securities fraud and operating illegally.
This is literally a financial regulator calling Bennett’s Simply FX company out for securities fraud.
Not a “request to change the way (it) brand(s)”. No need for interpretation, it’s solid first-party evidence provided in plain English.
Seems Bennett learnt nothing the first time around and continues to commit securities fraud with Manifest FX.
This is true irrespective of whether the FCA takes further action.
To James, Josh felts is a marketer/scammer who even after due diligence there was nothing that came to light that revealed this upon asking him to come on board.
It was only after months that it became obvious that our visions did not align. As I’m sure you are aware once shares are given to somebody it can be an incredibly difficult task to retrieve them.
To Gertrude, Having tattoos is not a testament of one’s character.
To Oz, the Key word is MAY, may be providing financial services.. the re brand was based on the advise given to our legal team that we were not to solicit products at consumers through our site that could be constituted as giving advice. Also our name Simply FX was also in breach of regulations.
Claiming we are fraudsters is a totally different thing. We don’t commit securities fraud, we have never been in receipt of clients funds. We simply licence education tools, resources and softwares. Hence the FCA concluded with “no further action taken”.
I’m not opposed to answering questions or even to be put under the microscope, I think it’s healthy to be held accountable.
There are many companies out there who operate at the detriment of its customers for example IPC etc who I think it would be better focusing your attention on. Again I understand your concerns / alarm raising and the reasons for your review.
In other words, with respect to your previous shut down venture, you were absolutely committing securities fraud.
This is not a thing. You were shut down for committing securities fraud, period.
You don’t need to be. MLM + passive investment opportunity = securities offering.
Not registering with financial regulators = securities fraud.
In conclusion, Simple FX was shut down for committing securities fraud. Manifest FX appears to be a continuation of that securities fraud.
No this was actually in regards to the previous shut down venture.
It is a thing, our legals told us that our name insights that we are making an investment offering. As well averse you are in the FCAs practices, every case is different and with all so respect you do not know the intricacies of every case and your need to try and tar all with the same brush on here actually takes away from the legitimacy of your review.
I was only trying to in good spirit try and add some information and all you can return with is that I’m committing securities fraud which I am not.
Perhaps unintentionally I was once before, but I changed a lot of the ways we do things upon the advice given.
We do not need to be registered with the FCA for what we do.. therefore again not securities fraud.
You have a gripe with MLMs, which is why you are here, I understand it is difficult to consider anybody is legitimate out here.
Again we are not a MLM, affiliate marketing is not MLM. To be an MLM by definition you have “multiple levels” which we do not, we have one level hence why we just have an affiliate program.
Yeah. What I’m saying is you were busted for securities fraud with Simply FX and you’re doing it again with Manifest FX.
That’s not a thing. You’re either offering securities or you aren’t. What you call your company is irrelevant with respect to securities law.
Granted the cases are different but securities regulation isn’t applied differently. Every case of securities fraud is the same:
Cowboy thinks his passive investment scheme isn’t a securities offering. Cowboy gets railroaded by regulators. Popcorn stock rises.
Manifest FX offers a passive investment opportunity. Manifest FX is not registered with financial regulators. Manifest FX is committing securities fraud.
Making up things to justify committing securities fraud only digs you into a deeper credibility hole.
I addressed this in #13. I never got a response.
Well researched review. Thank you, I’ll pass this on to my friends.
Did anyone else catch the reversal?
In comment #7, Mark points out the FCA’s suspension of the domain simply-fx.co.uk, and in comment #10, Jimmy claims simply-fx.co.uk was a clone company and nothing to do with any of his projects.
Later in comment #28, Jimmy states simply-fx.co.uk is a project of his that had previous FCA action taken against it.
As my 8 year old says: “Liar, liar, pants on fire!”
Yep and he never responded to my questioning his claim of it being a clone site. There is a lot of evidence out there that it was his!
I’ve got some additional information to add to the intro of this review. Will get to it tomorrow, been tracking other news in the background today and brain is tired.
I didn’t say Simply FX was not mine, I said there was somebody cloning our page and branding who was stealing money from people with some sort of Bitcoin scam, which was originally how we ended up on the FCAs radar.
I’m sorry dear, you did.
Simple FX? 2018-19? Why-o-why would you pick a name so close to an existing scam?!
Review updated with additional information about Jimmy Bennett’s securities fraud run-in with the FCA.
How has “property for everyone” a crowdfunding venture that never got passed concept stage additionally has never taken on a penny of investment constituted as fraud?
I never said Property For Everyone was fraudulent. Read what I wrote again.
Maybe it’s the way it’s structured, it says jimmy has a history of securities fraud and then goes straight into “Property for everyone” to suggest that it is fraud.
I also do not have any history of securities fraud. Is there a way that I can contact via email or telephone to perhaps offer clarity or submit evidence? Which I do not mind being publicly posted, I think it’s important for this review to be accurate.
As I said I don’t mind being put under a microscope and being held accountable, just would be great to add some additional clarity.
The securities fraud history exists by way of Simply FX. This is made clear.
Stop lying.
Whatever evidence you that you think negates offering a passive investment opportunity and getting shut down by a financial regulator, can be expressed here.
You run a page to give critical insights, information and warnings to the public but you only wish to present facts from a limited perspective, coinciding information to try and put together what you think is truth without any solid evidence or proof other than a domain name suspension and are not even open to receiving information that will only make the
review have more legitimacy. It really discredits your platform.
Why don’t you rebuttal with some facts rather than “you’re lying”.
Because you’re lying. There is no denying the FCA shut down your company Simply FX for securities fraud.
And there’s nothing to rebut. I’ve laid out your securities fraud with Simply FX. You’ve provided nothing to the contrary except waffle.
I literally said you can add whatever you want here to challenge the documented evidence of the FCA shutting down your Simply FX scam. You didn’t.
Let’s face it, you can’t lie your way out of the FCA busting you for securities fraud so I think we’re pretty much done here.
I have just said I would be happy to forward correspondence from any regulatory bodies mentioned. You don’t want to share anything than your own perspective.
(Ozedit: butthurt derails removed)
This has nothing to do with perspective. I have literally provided evidence the FCA shut down your Simply FX scam for securities fraud.
Plain english from the FCA:
And they seized your website domain.
Either provide your claimed proof to the contrary or sit down. Short leash Jimmy, short leash.
Being told to change the way we solicit interest and advertise and a domain name suspension is not being shut down. If we were committing securities fraud then the FCA would be taking further action to close us down. Simply FX still trades as a business to this day under snaptrade.
Please provide your email and I will be happy to send over.
The FCA identified Simply FX as offering securities without registering. They seized your domain.
Stop trying to reframe what happened.
They already shut Simply FX down. It doesn’t exist anymore. Mission accomplished.
What you aren’t doing though is offering a 40% to 50% a month passive investment opportunity.
They shut you down for securities fraud Jimmy. Get over it.
Send what over? What are you going to send over that reverses the FCA shutting down Simply FX and seizing the company’s domain for securities fraud?
It says is not registered and MAY be providing financial Products that you may not be able to get your money back under the fscs.compensation scheme if things go wrong. That’s not being shut down for securities fraud.
Show me your proof we have been shut down? We have paid no fine, no court cases. Just advised to change the way we market our services, which since then we have changed the way we do it so we are not in breach of their regulations.
We no longer have any part with client funds and do not advertise any ROIs.
(Ozedit: butthurt derails removed)
See screenshotted Simply FX ad for yourself in review intro. You were marketing a 40% to 50% passive ROI through Simply FX and you know it.
Offering securities and not registering with financial regulators = securities fraud.
simply-fx.co.uk
You are wasting my time. Goodbye Jimmy.
Your Simply FX Ponzi scam was shut down because it was a Ponzi scam.
All being well, Manifest will soon follow.
Interesting trail of comments below. Looking at Jimmy Bennett on Companies House (UK company registration website), you can see two names – Jimmy Bennett and Jimmy Alexander Bennett.
Both appear to be the same person. Jimmy Alexander Bennett has Director roles at 7 companies, one of those is Manifest, or “Manifest Your Best Ltd”, where he is both Director and Secretary but under the different names, red flag:
find-and-update.company-information.service.gov.uk/officers/uOLJvohCwJ2920mhqCrerCohNBY/appointments
None of these companies records are properly maintained, none have issued accounts or micro-company accounts statements and one has been forcibly dissolved for failure to do so – “Simply Tan Ltd”. Red flag.
If Manifest had anything like the revenue and profit that it claimed to generate it would need file accounts on a yearly basis, it hasn’t done this because it is a shell company. Red flag.
I have heard claims that Manifest uses a separate broker in NZ to get around licensing requirements which from an English law perspective is untrue, they must be licensed in the UK to market and discuss financial products with retail investors. Red flag.
Jimmy also pushed a pension advice company (also a regulated industry, which it isn’t) – Pension Partner.
There is a mixed group on Trust Pilot that either seem to be full of praise and only commenting on that company, being angry at its service, or commenting on some other fishy entities – funds etc. Pension Partner is also on CH:
find-and-update.company-information.service.gov.uk/company/11935286/filing-history
On here, the telling entry is filing of “dormant accounts” ie for a company that has no activity. Red flag.
The latest company “Crypto Space Ltd” was set up a couple of months ago and I would expect a revelation about a crypto trading bot to be around the corner.
UK Companies House is poor in keeping track of the people who register or disqualifying those that are clearly scamming/setting up shell companies, but, it is invaluable in that a scammer has to leave a trace and failure to file accounts, annual returns, normal company activities shows up like a massive red flag.
@Jay
Ask & you shall receive! ibb.co/XJh8fJM
Forex fraud –> crypto fraud.
Name a more iconic MLM duo.
@M Skalski
Remarkable!
Jimmy Bennett profiles appear to be multiplying on Companies House which is amusing to see, these clones are all directors of the initial entities in my initial comment.
This tells me that Jimmy is still reading the comments.
Jimmy, it is going to catch-up with you eventually. I work closely with the FCA, they have teeth. Dubai forever is no life, the UK can’t extradite you but you will never be able to come home.
Fraud in the UK is a 10 year max. sentence. Scamming retail customers is an exaggerating factor, repeatedly doing it is an exaggerating factor.
Hi Jimmy,
I live in Chichester, so I’m curious: as you use your home address for correspondence, why are your companies not registered to your new 600k (cash) penthouse?
This one:
instagram.com/p/CVLkpZeAqQt/?igshid=YmMyMTA2M2Y=
As a local resident, I’m also curious about that development.
AJ
Did Manifest FX recently stop taking money from individuals to invest in forex trading?
I know several people that gave you money last year to invest in forex AI trading. They asked me if I wanted to do the same but I said it sounded like a scam.
When was asked by friends if I wanted to be involved I contacted Manifest FX with a few basic questions and I think two were answered but when I got to similar address questions as the ones above the answers stopped.
I made a comment after that like “That’s what I thought”. Still no answer.
At the end of the day it’s a scam. The fake progress emails sent to the people who fell for this are nothing more than a basic program created to make investors think they are making profits.
There are too many people out there with too much money to waste. The comment about the tattoos, I wouldn’t give someone that looked like that anything either.
The Bible says not to put any marks on your body. Guess you missed that part.
If you don’t care, I definitely wouldn’t give you anything.
“Gee, why do things keep going wrong?”. The answer, God’s way is the only way to be successful and prosperous.
My main line of enquiry is how he managed to rope an estate agent into the whole thing:
instagram.com/p/CVLkpZeAqQt/?igshid=YmMyMTA2M2Y=
instagram.com/p/CVN7NXZsEko/?igshid=YmMyMTA2M2Y=
Don’t tell me they needed the promo??
It’s all about money AJ. You can pay almost anyone to do almost anything.
The drug dealer image isn’t going to help that real estate agent, unless they mostly cater to lawless types.
What you’re seeing in the Instagram photos is not what is portrayed. It is portrayed as profits from a successful business, and it is in part, but the story behind the pics is money laundering.
Making a lot of money illegally but can’t deposit it in banks because it will raise red flags.
The banks will report suspicious activity to the IRS it has to be used to purchase something like, maybe 8 businesses, a penthouse, Apple computers, high end tattoos, etc…
Of course for maximum invisibility most acts are done outside of the U.S.
But that would be a VERY risky strategy.
To say you owned a 600k flat outright, publicly – and with the estate agent’s endorsement?
I might contact Sims Williams.
Anyone that can “drop $600K cash” on anything has a huge pile of money they need to spend.
Anyone that would openly admit literally to the world they did that ……smart people can figure out the rest. He could eventually get robbed or killed if he carries a lot of cash.
If he’s just selling little trading programs, but allegedly not handling any money, why is he thanking forex and crypto for providing the funds to buy the penthouse?
You can’t make enough money selling trading programs to buy a penthouse. What are the other 7 businesses?
If he were to say it’s not my business, fine, but I want backgrounds before I let anyone touch my money.
Here we are again. No comments.
I signed up for CEO after a friend referred me. I thought it was sketchy from the get go but I wanted to see if the boys paid out so I deposited $20k.
I’m financially secure and have several streams of passive income which is why my friend solicited me, so risking $20k wasn’t much a risk.
I wanted to see my returns compared to my friends who only had around $3000 in it. After about 2 weeks my returns were low for a $20k investment and they were around the same amount as my friends returns who had much smaller stake.
After googling tbe Forex broker they used I read bad reviews. Also I didn’t feel comfortable not having access to my funds.
The money goes into a pool and we have to email customer service when we want to take a draw, there’s only an option to deposit on the site, not withdraw.
So I just went ahead and took it all out, claimed I needed it for an emergency and I’ll be back in after a month.
I didn’t need an excuse but added on just in case they wanted to stop me. Withdrawals are discouraged. It’s not passive if you can’t use your returns. My Crypto ATMs, Amazon FBA/FBM and investment in a roofing business all pay me monthly, this is what I expected from Manifest.
I’m a day trader so I knew this was all too good to be true but I was curious to see what would happen with a small investment, when I’m interested in learning something I’ll try it, even been in a crypto ICO just to learn the process and it turned out to be a rug pull.
I knew the chances of that happening were high as well so I only put in $1000 when they offered the tokens to the people who applied, I sold them the same day when they were up 200%.
Later went back to see what it went to and it dropped to 0. I tried to warn them not to HODL but you can’t convince people who are wishfully thinking.
I don’t know if Manifest is a scam or not but it gave me shady vibes.
Any update on this scammer?
BehindMLM doesn’t generally track scammers individually.
I can give you a lot of the info you are after regarding what’s really going on here.
I wasn’t aware I was after any info?
Manifest FX is committing securities fraud through a trading bot scheme. /fin
Ian I’m interested in any info you have on Manifest FX. I didn’t invest so I’m asking on behalf of others that have.
They send real time earnings reports to investors. I think it’s just a program designed to generate alleged earnings to keep investors excited.
I don’t think it’s real. That’s my suspicion but what are the facts and how can you back up your claims?
@Ian,
I’d love to know…I’m certain it’s a scam – as is his net worth.
What can I show that is concrete proof to the people I know who invested that this is a classic scam?
They don’t believe my judgment so only facts will suffice.
All the proof that is available is in the article, but be prepared to get “That’s just one guy’s opinion” push-back. Oz has a proven track record of correctly calling scams; over a decade with zero errors that I’m aware of.
The irrefutable facts are:
1. Manifest FX is a passive investment scheme offered to the public via MLM.
2. Manifest FX is not registered to offer passive investments anywhere in the world.
3. That constitutes securities fraud, prima facie (on the face of it).
4. Registration requires audited 3rd-party financial reports, verifying the purported income sources are genuine. Manifest FX isn’t doing this, which means they have something to hide, which means no Forex trading is taking place.
All “profits” are being skimmed from new investments and passed to earlier investors–Ponzi scheme.*
5. Securities fraud is a crime; so is participating in one. The people you’re in contact with are breaking the law.
Don’t expect to be successful. Even the above impeccable logic will be dismissed with a non sequitur like “Forex isn’t a security; it’s a commodity, silly.”
Which is beside the point: Forex isn’t the security, the passive income opportunity is the security. Forex is just the purported mechanism (which is a smokescreen, anyway).
I don’t know who said it first, but it’s certainly true: It’s much easier to deceive someone than it is to convince them they have been deceived.
*Note 4 is just a long-winded way of saying what Oz says short-form:
You can explain to them that passive investment opportunity = securities offering.
You can then have them check in the country they live in that Manifest FX is not licensed to offer securities.
If securities fraud isn’t enough then might be time to “unknow” them, till Manifest FX is over at least.
edit: Just saw Andy’s comment above, thanks.
In this case it’s one very arrogant person that thinks his judgment can never be wrong and has led other sheep to the slaughter. He has also led them to believe that I’m the negative minded enemy and the village idiot.
I’m not in contact with them now so I don’t know how their “investments” are going. So if they haven’t figured out yet that it’s a scam will they only realize when they try to withdraw, and can’t?
I told them from the beginning it looked like a classy ponzi but they wanted that once in a lifetime perfect investment so bad that it blinded them.
My judgment and intuition came from the creator of the universe, first. Glory be to God.
With this being a real scam that means the performance reports they get daily are what I told them I thought they were from the beginning.
A fake program generating random, bogus numbers to keep investors excited.
Some of these people are relatives so I wish eventually find out what happened.
When I tried to warn them before they called Manifest and the response was the negative information about them is just their competitors trying to trash their reputation.
A rather lame response I thought but what would you expect from dopeheads.
@Eric:
Scammers cannot succeed without a plausible (at least to their gullible victims) cover story…
“They are just jealous”
“They want to crush your dreams”
“Stay away from negativity; negative people never succeed”
…are some of their favorites. We see them a lot around here.
Progress reports are meaningless, because evidence of trading can be easily faked. This is also very common. We see comments like, “I saw the trades happening in real time! There’s real trading!” Nope.
As Oz says, social media videos are no substitute for audited reports. If the trading were real, audited 3rd-party reports would be made available. Non-audited reports == they’re lying.
Here’s a recent example of a Ponzi that used faked trades to take in a lot of people:
https://behindmlm.com/companies/empiresx/empiresx-scammers-indicted-on-three-counts-of-fraud/
Don’t expect your relatives to be responsive to logic; they’ve been blinded by greed–fooled by numbers on a screen that are going up. They think those numbers represent real money.
They may come away wiser after it all crashes down (as these things always do), but they may not.
Scamming victims sometimes become hooked on the experience of the rah-rah Zoom sessions and seeing numbers on a screen go up; they sign up for the next thing that comes along.
And the next, and the next…often from the same scammers. It’s like a gambling addiction.
If you can get them to listen to you at all, warn them about what’s to come. Maybe when they see your predictions come true, they’ll start heeding your advice.
The first sign of a collapse is withdrawal problems. There will be excuses, like a system crash, or market forces, regulators, hackers… it’s always something they’ll be able to clear up in a few weeks.
After that, it can go a lot of different ways. They may introduce some new crypto coin as a means to withdraw money. Use your pretend money to buy worthless coins, then try to sell your coins and find no buyers. Or they may reload everyone into a new scam, which is just like the old one, but with a new name.
Introducing KYC (Know Your Customer) is a common stall tactic. It’s also a good way to get your identity stolen.
Or they may just vanish.
You can warn your relatives that when they have trouble withdrawing “their money,” it’s because the money isn’t really there and never was.
And they should never send in more money hoping to free up what doesn’t exist. Maybe a few will listen.
My friend is neck-deep in this scam. He truly believes he’s making money.
He hasn’t tried to withdraw any yet (why would he, with such amazing returns?) and he’s happy to pay the ridiculous fees.
He also is behaving like a cult member- cutting off anyone who criticises or asks questions, and claiming continually that Jimmy will change the world whilst trying to recruit the rest of us.
Nothing any of us can do other than educate ourselves so we don’t get caught out in the future. Depressing but true.
I can understand what you are experiencing. In my case I knew the most I could do was express concerns about this.
They are grown adults and will make their own decisions. Even if we know beyond a shadow of a doubt they are walking into a trap that will hurt them there’s only so much you can do.
Take is deep breath and watch from the sidelines, waiting to see if an opportunity comes for you to help. Don’t force your way in, wait for God to instruct you.
Depression is negative energy. It has no value. Been there.
So, if I wanted to escalate this to the proper authorities, how might I do that?
I have some time on my hands. The least that can be done is his latest rebranding is wound up (again) and he has to start again (again). He’ll probably be banned from Companies House soon.
The Chichester property company that took part in this scam ought to be ashamed.
If you’re in the UK securities fraud is regulated by the FCA. They tend to turn a blind eye to MLM related securities fraud though.
Dubai is the capital of MLM related securities fraud so that’s a regulatory dead-end unfortunately.
Is everyone here aware of how easily mt4 is manipulated?
If not I can provide a video to show exactly how this scam started before manifest was in the public eye.
We know. That’s why those silly fx* sites are useless for due-diligence.
Is there anywhere I can send you screenshots?
I would like to see the video.
Of what, Manifest FX or FX* fraud in general?
Upload to IMGUR and share the link would be easiest.
@eric – here’s a short video on how to show fake balances and trades: we.tl/t-AoMnNPmm7p
@Oz – I’ll get together a few things I’d like you to see regarding Manifest.
Both, if you don’t mind. Manifest would be specific to the investors I know.
FX might explain why that type of trading is known to be so risky. All I know about FX is that it is exchanged foreign currencies.
He apparently owns a Lambo now…
instagram.com/p/CgKcwZGM9eK/
The Manifest website has moved with no details on the new domain. Asking people to contact support for new logins.
What legitimate company operates this way?
*waits patiently for someone to leak new name*
Manifest – manifest.family
Jimmy still a part of the scam. Listed as a part of the “team”. Every investor should at least test them and claim they need to withdraw. See what happens.
…for 26 whole minutes, apparently. Such patient! Very impress.
I actually found it myself lulz.
Procrastinating because there’s another depressing MTI article to put together.
Interesting reading. I’ve been in Manifest for over a year, the beginning was was a bit shady I’ll admit, but I’ve now made back my initial deposit and then some and have withdrawn the profit so even if it all collapses I won’t have lost out and will stick around whilst I am still making a profit.
As someone who also trades manually the actioned trades reflect what I would do, albeit more conservatively for the given market conditions.
In my opinion, they are offering what they claim. Are they committing securities fraud though? Probably yes. And the broker is pretty shady too.
I honestly don’t think there is any intention to defraud the consumer here though, but they are almost certainly not playing by the rules in the eyes of the law.
MLM + securities fraud = Ponzi scheme. You’ve all but admitted it, look past your wallet.
Or at least acknowledge you’re fine stealing money from people – because that’s what you’re doing.
I heard from one of the investors I know. She said that she hasn’t lost any money but hasn’t made any since November.
Supposedly there is someone different at the helm that is going to make everything better. She hasn’t tried to withdraw anything yet. Still feels like it will all crash someday.
I would withdraw everything and move it somewhere else. You’re begging for a complete loss. People have been warned.
She lost her money.
@Oz, Ok, well thanks for the personal attack, I’m not an affiliate in anyway so slightly unwarranted response calling me a thief!
And there’s nothing to admit, each of the accounts is independently verified on MyFX books and you used to be able to manually alter the trades on MT5 if you so wished, sorry but there is no way to fake that so I have no reason to believe it’s a Ponzi scheme.
If Manifest are the FCA’s radar as they clearly are, and it transpires they are doing something wrong, then they will be shut down with or without your help.
You’ve done your bit, go relax, get some fresh air away from your computer in the basement and quit being so bitter. You’ve earned it!
@Eric, yeah she would just have had her funds in the 2 earliest accounts that suffered because of the weakening of the euro.
Those accounts are currently perfectly hedged and waiting for positive movement in the Euro before the hedging trades are removed and the accounts can start trading again.
I transferred out of those accounts well before that happened.
The other accounts are all performing nicely and I’m able to withdraw bi-weekly and cover my expenses now risk-free, I don’t really care if lose anything at this stage as I no longer have any capital at risk.
OK…
Reality check: if you’re “in Manifest,” having invested money, you’re an affiliate. And being an affiliate who has been a net winner, you are a scammer and a thief. No personal attack; just a fact.
Own it.
BTW, MyFX can and has been faked, multiple times, in multiple scams, including this one.
Manifest is doing “something wrong,” all right: it’a a Ponzi scheme. Whether or not FCA shuts them down. (Hint: their track record says they won’t. They didn’t even bother going after OneCoin, the biggest Ponzi scam since Madoff.)
“There’s no way to fake it” I would disagree with that but good to hear you haven’t lost anything.
I’ll still pass on becoming an investor. Oz, you’re advice is welcomed here.
@Brit-in-the-securities-fraud
1. Calling you out on stealing money isn’t a pErSoNaL aTtAcK. If you’re uncomfortable with owning thievery and participating in fraudulent business activity, that’s a “you” problem.
2. MyFxBooks is meaningless. It’s easily faked and is not a substitute for registration with financial regulators and audited financial reports.
3. I’m not trying to shut Manifest FX down, that’s a job for the relevant authorities. I’m pointing out it’s a scam. And by knowingly participating in it, denying and trying to justify fraud, you’re a thieving scammer.
Just because you didn’t personally recruit the victims you’re stealing from doesn’t mean they don’t exist.
Now this is the part where you go “how can My FXBook be faked?” Then I show you. Then you insist that’s not happening with Manifest. I point out (again) that MLM + securities fraud = Ponzi scheme, you spit the dummy, quietly continue stealing money and we never hear from you again.
Did they tell you that you could make extra money by “recruiting” others? Did they recommend by starting with people you know?
Everything about them is classic scammers. If you have no money to give them, no bias, you could stand back and see the obvious characteristics of scammers.
Crooks aren’t smart enough to make it in the real world, and they are lazy. One crook runs his scam the same way other crooks have so they all look the same
In my experience I would never again invest any money with Manifest.
I bought in to Manifest and went with bot trading on LCM-FX which deals with currencies. There has been no trading since November of 2021.
Some say they have lost no money but that isn’t true because you can’t withdraw any money so money in an account that can’t be withdrawn is lost money.
If you have invested with Manifest and have a subscription renewal coming up, cancel the way you initially paid for your subscription so Manifest cannot renew your subscription because if you don’t they will charge you another subscription and refuse to re-imburse you if you cancel.
Honestly I have never once recommended Manifest FX as an investment to a friend as to be honest I’m still not wholly convinced the accounts are managed as safely as they could be.
I’m lucky enough to have a 6 figure salary day job so losing the money in my accounts wouldn’t hurt me too much.
I wouldn’t want to feel responsible for anyone else’s finances and besides, I’m not in the least bit interested in affiliate marketing.
Say what you want about faking MyFX reports, that’s fair, but I’m 100% certain the trading aspect is not faked, there are just too many things I’ve seen (some that I wasn’t supposed to see as a customer) to make me believe it’s all a fugazy.
Also there has been barely any trading activity for this month, the accounts have returned maybe 1.5 – 2% if that.
Currently the worst/least profitable Ponzi scheme out there, and I’m supposed to be somewhere near the top!
Surely if you wanted to entice the masses who have modest amounts to invest and subsequently scam them you’d actually make the numbers appealing to them?
The returns are good compared to say dividend stocks, especially in the current market, but unless you have a pretty sizeable account it’s hardly mind-blowing numbers.
The algorithms have been dialled down to be ultra conservative to protect capital, and besides they aren’t even the main product anymore.
They offer a 24h travel concierge desk service, VIP lounge passes, discounted tickets, travel insurance, education platforms you name it – it’s quite extensive (almost as good as Amex platinum), perhaps someone here should actually join at the most affordable tier, test all the products available without investing anything as part of your so called “investigative journalism” and actually do some due diligence before slamming the company from every angle?
Just through those products alone now I get my monthly fee’s worth, forget the forex aspect, I could withdraw all my money and I would probably still remain a member just for the perks.
Actually delivering great value (non-financial) products for a reasonable fee would make them a pretty shitty Ponzi scheme don’t you think? (Ozedit: derails removed)
When Manifest blew a sizeable account when it got margin-called on a gold trade gone wrong back in February he immediately personally addressed every affected customer by video call and faced the music and outlined the steps that would be taken to compensate everyone who lost out and what changes would be made going forward. (Ozedit: derails removed)
I think you boomers just hate to see a guy from an extremely modest background with neck tattoos and rapper bling succeeding at anything other than flipping burgers because he doesn’t fit the image profile you have in your mind.
His style isn’t exactly to my taste either, but I personally think it makes him actually authentic and true to himself unlike most people in his position I have come across.
I’m all for exposing scammers, but if the forex aspect were completely removed Manifest would still be a genuinely decent company with tangible (and fully legal) products (if you actually care to use them) and probably isn’t deserving of a write up like this – just my 2 cents. Thanks.
And this is how people get scammed.
Regulatory compliance is non-negotiable. MyFXBook reports, faked or otherwise, is not regulatory compliance. Also when it comes to due-diligence, your feelings are neither here nor there.
This is what a collapse looks like.
Yeah none of that legitimizes securities fraud, or non-compliance with forex regulations. Identifying and discarding smoke and mirrors is part of an efficient due-diligence process.
Jimmy Bennett fits the profile of someone hiding out in Dubai committing securities and commodities fraud to a T. He’s obviously not working alone though but y’know, lack of transparency and all that.
Nobody in Manifest FX gives a crap about anything but the passive returns. Yourself included.
I’m with Oz’s line of thinking. Tattoo boy can easily make up a rags to riches story as a tool to lure potential investors.
I still say he’s a drug dealer that made a lot of cash and realized he couldn’t put it in the bank because he would be found and accused of money laundering.
So, he has to spend it. Anyone that can’t see he’s a crook is naive.
The perks for potential investors is just another tool, kind of like a cash back credit card. The more you use it, the more cash back you can get.
Hello, how much did you spend to get up to 3% back? It’s a tool to get you use it more often but most people end up spending more money.
It’s human nature. You people that say you can withdraw at any time, prove it. Talk is cheap.
It is far easier to scam a person, than it is to make a person realise they are being scammed.
A reader sent this in. It’s not MLM related but is additional background on Jimmy Bennett’s previous scamming.
From 2016 onward Bennett and Ayrton Mellers were scamming pensioners in the UK.
This was done through Pension House Exchange, which ran the website Pension Partner.
Pension House Exchange attracted the attention of the Information Commissioner’s Office in 2019.
PHE’s offices were raided on October 3rd 2019. Further communication between the ICO and PHE confirmed telecommunications fraud.
PHE was fined 45,000 GBP in December 2020.
You’ll note in PHE’s Company House records that PHE went into liquidation while the ICO investigation was playing out. You’ll also note the website “pensionpartner.co.uk” is still active.
Bennet resinged as a Director of PHE in January 2020. He’s still scamming pensioners through the same website and Pension Partners Group.
Bennet appears to have incorporated PPG as a shell company in April 2019. Bennet removed himself as a Director of PPG in December 2019.
After the ICO went after PHE, Bennett reappointed himself as a Director of PPG in March 2020 – two months after he resigned from PHE.
There’s a lot of reasons for Bennett to be hiding out in Dubai. Or was. Apparently he’s now dicked of to Miami Florida as a of a week ago.
Talk about poor timing.
I don’t know much about Manifest, (Ozedit: awesome, bye)
Obvious spam is obvious, Jimmy.
For anyone else looking to send solicitor letters to this sham, I spoke to a lady who used to work for Pension Partners Group.
Both companies operate out of the 1st floor of this office unit:
ManifestFX/Manifest.Family
2-4 City Gates House,
Southgate,
Chichester PO19 8DJ
( ibb.co/kgrtkxJ – Google street view of building front)
Another few businesses have cropped up this year with the infamous Jimmy. Always just him as director. Always him sole owner. Always the same registered address.
Grifters gonna grift. Can’t wait till it catches up with him – there’s absolutely no way he legit owns/spends the stuff he posts up.
Jimmy, if you’re reading – it always catches up eventually.
Every so often I think about reaching out to Coffeezilla on this one. Would love to see his expose of Jimmy’s nonsense.
Here’s hoping 2023 will bring him down permanently- but I suspect he’ll be like the mutant zombie undead conman for a while yet.
As of today manifest is still going strong, if it was a scam and on the radar of the FCA wouldn’t it have surely been exposed by now.
I have been with them for over 2 years and its had its fare share of ups and downs but nothing in life is without risk.
My feedback is similar to Brit, it is a genuine FX software trading platform that will use AI/computer programs which we can all buy, to trade.
Many points of reference over the years have built a picture in my mind that this is the case. I have deposited and withdrew my initial investment and now make monthly profit withdrawals. I know similar people who do also.
In my view any investment is a risk but i chose to invest in the skinny white guy with tattoos as its not about the words they use or what they look like, its the actions from the person that show character, you only need to look at a todays politicians to understand my point.
Lastly and might seem trivial to some people would a scammer knowing he’s going to be caught out eventually get a BIG “Manifest” tattoo on his body.
Manifex FX is committing securities fraud regardless of whether the FCA publicly acknowledges it or not.
They have a horrendous track record when it comes to MLM related securities fraud so don’t expect much.
So why commit securities fraud and opt to operate illegally then?
Whether you’re comfortable with securities fraud is irrelevant to it being illegal.
What tattoos a scammer does or doesn’t have is irrelevant to Manifest FX committing securities fraud and operating illegally.
Also just as a side note, SimilarWeb tracked negligible traffic to Manifest’s website over the past few months. The MLM side of the business is dead.
Hi Oz, can you detail exactly how Manifest is committing securities fraud as i dont see this? It offers access to trading software and the customers funds are with a 3rd party broker?
Securities fraud is inducement based on false information i dont see the false information, there are no signals or any other communication to engage in false trades. Why cant it be a PAMM account connected to software that trades CFD’s??
There was a MLM element of the business when Josh was involved but this doesn’t exist now and hasn’t for some time probably due to feedback Jimmy was given.
Passive returns scheme = securities offering.
No registration with financial regulators = securities fraud.
That’s more wire fraud. I suggest you go look up the Howey Test.
Hi Oz, i know you are here to do good in an industry full of conmen and scammers and i commend you but you should be objective when evaluating a company and not use bias (Ozedit: snip, see below)
If you’re going to be a disingenuous fuckwit and not at least go look up the Howey Test, spam-bin.
You asked how Manifest was committing securities fraud, you got your answer.
Passive returns = securities offering.
Not registering with financial regulators = securities fraud.
Facts aren’t biased one way or another. Best of luck with the scamming.
Sorry PJ. Not so!! I’m still being repeatedly approached not just by my friend who has sunk their money in this ponzi scheme, but also their upline to sign up at $99/month or whatever it is, so they can get their bonus checks from Jimmy.
I’m glad you’re able to withdraw your money. I’m glad you seem happy with your choices. But it still doesn’t change the facts on the ground.
You’ve sunk your cash into a mlm which has now gone to ground (I assume due to bad publicity) run by a man who repeatedly starts up investment schemes, gets repeatedly reprimanded by the FCA in the UK (like the one where he scammed the pensioners of their savings) and is now hiding out in Dubai- presumably where these laws don’t apply.
Hello,
Do you recommend any recourse to withdrawing money through a PAMM account that is being held by Manifest-FX?
My daughter has been unsuccessful in withdrawing her money. LCMFX is telling her that Manifest-FX is blocking the withdrawal.
If Manifest-FX isn’t honoring withdrawals, what else can you do?
Your daughter handed over money to scammers in Dubai. Sorry for her loss.
I’m keeping my name anonymous as not to encourage a lot of angry people to respond but I will testify to being part of Manifest for over 2 years now, I have seen a 250% ROI and have withdrawn 2x my original investment which has come into my bank and been spendable.
They have many different softwares, one which offers regular withdrawals as it is low risk with low drawdown.
The only reason people can’t take their cash out instantly is due to drawdown but the softwares still trade and make profits in that time.
Jimmy is a good man, he cares about the business and he started this to help people make money that just isn’t possible anywhere else. He wouldn’t splash his face and the faces and names of all of his employees if he was planning to run away with anyone’s money.
Let the guy live, he gets to enjoy the fruits of his labour because he lives with a clean conscience.
Hi Jimmy.
I too joined Manifest only yesterday and have already withdrawn 9000% of my original investment into my bank. Gee, that was easy.
Personal anecdotes are meaningless and not a substitute for audited financial reports filed with regulators.
The bottom line is legitimate investment companies don’t commit securities fraud.
Anymore updates on this company??
I very nearly joined up $198 and then $99 a month. The person referring gets about $48
Nothing on my end. We don’t publish updates unless something actually happens.
@Sarah it seems to have morphed a bit.
https://behindmlm.com/companies/manifest-securities-fraud-continues-through-simply-success/ is one of the new companies- so fitting Jimmy’s past behaviour.
In the meantime I’m getting spammed in overdrive by my friend’s (who is in it up to his neck) upline as they try, once more to get the MLM off the ground (note the guy up the comments who claims it doesn’t exist).
This new Manifest incarnation doesn’t really have a website and is done by personal links only (limit bad press?) and combines all of the financial scams with a travel package and insurance scam, and personal improvement/self help guru scam.
They advertise it as a means of earning passive income, so are properly blatant about the pyramid-schemeness of it all.
In the meantime my friend thinks he’ll be able to quit his job and live off his manifest earnings full time by the end of the year.
I think he’ll be broke with no savings. Only time will tell.
Manifest is blocking withdrawals and any one who questions him. Support has gone silent and last video he posted on facebook he blamed Sapphire Markets for people not being able to withdraw.
Seems we’ve all lost out while he gloats on Insta his rich Dubai lifestyle. If anyone is taking legal action against this idiot then let me know so we can stop him ripping off any more people.
The new incarnation is a smoke screen as the old biz is dead. The people promoting the new softwares are just as bad as they know hes screwed poeple over.
@Amy I’m sorry you’ve lost money. Like so so many others.
Meanwhile, I can confirm that Manifest is still aggressively recruiting for their MLM on Facebook, Tiktok and Insta by using personal accounts of people rather than an official one.
They’re also trading under the name of ‘Lifestyle Freedom Network’, I suspect ‘Simply Success Academy’ is also still going.
I’m thinking that the only way to blow this open is to get a Youtuber to do a deep dive (Coffeezilla, Spencer Cornelia etc).
Guys , there is no legititame online trading / recruitment / passive income platform. It doesnt exist. Anything contrary to this has been proven over and over again, to be a scam.
It turns out Ali guy who partnered with jimmy was ultimately trying to take everything from him. So basically they are starting again with another relaunch due in September
Anyone know anymore?
Sounds like a collapse and cover-up for yet another reboot.
99% of his multiple companies accounts and confirmation statements are overdue and all companies are registered to an address he no longer lives at.
Not to mention the amount of companies dissolved or in liquidation!
Has this reboot happened? I’m getting a few requests to join.
Someone messaged me about Manifest, and I joined an opportunity call with a “top leader” apparently.
After doing some research, I’ve found out some information on Jimmy Bennett’s top leader Laura Holmes and her team name freedom lifestyle network.
dailymail.co.uk/news/article-11686639/Mother-43-facing-eight-years-Spanish-jail-boasts-help-mums-earn-uncapped-income.html
That’s uh, quite the headline.
I know Laura personally. She is known for scamming in magaluf (Spain) the article is above.
My question is how is Jimmy able to have a penthouse in Dubai and operate offices if he is not making millions from the software. Is it his properties? And cars? Or is it all for show.
@jack why do you think his employees crawl on their knees dribbling when Jimmy boy buys them all dinner and hands them a Superdrug voucher instead of making use of trading themselves?
Come on bro. It’s a fairly simple scam laced with perceived complexity and confusion.
Oh I know that. My question is how does he have the money as he states he has a pent house in Dubai well that penthouse would go for probably like 4 million.
I don’t believe he has that much floating around.
Personal finances? Who knows.
If it doesn’t pass the sniff test though something is obviously up.
Look at it this way, to generate 5 million all he has to do is scam 1000 people out of 5k yearly subs, plus any money they’re investing they’re pocketing too.
A hell of a lot of yanks fell for this shite too don’t forget. With the exposure they managed to get manifest I wouldn’t consider 1000 people a lot at all.
The only thing I’m unsure how they deal with is the amount of complaints, but he keeps a close eye on trust pilot because he’s been punishing that flag button on all the bad reviews the last week or so.
josh felts was reasonably high profile in iMarketsLive too – https://behindmlm.com/mlm-reviews/im-mastery-academy-review-imarketslive-rebooted/ i.e. has a loong history of dodgy businesses involvement!
His current business, Finance Pro Plus – financeproplus.com/ – looks dodgy too.
Most people probably don’t realize that there are sources that can be paid to write positive sounding but fake reviews.
I know someone that fell for the Manifest scam. Don’t know how it turned out but I suspect not good.
They tried to get me in on it but I know God ’immediately told me not to. Then He said if I want proof (for myself and others) to look here, at Behind MLM.
I’m convinced that this isn’t just a website made by someone who is bitter because they lost some money. It’s helping others so, hopefully, can see through the lies.
Open your mouth, or keyboard, and tell others what you know.
If you don’t know Jimmy I can sort of see why a lot of people have fallen for this, sort of. I still think it’s unbelievably stupid to fall for a model like this but they’ve got the talk and I’ve seen it done first hand, they know every sales tactic in the book and are very convincing.
when you do know Jimmy like I have for the good part of 10 years then you know he’s smart, extremely narcissistic and to never to get involved with anything to do with money, or anything at all for that matter because he couldn’t care less who he treads on, family, friends, don’t care.
Every venture has been a scam from as small as selling knock off caps up to this. But this one was the winner and had a hell of a lot more thought put into it than any other, even the build up when he was showing big balances/trades on a ‘real’ mt4 account just before Manifest was all part of launching Manifest, which yes of course was manipulated with a fake server.
He’s on very thin ice at the moment because behind the scenes it’s falling apart so be patient, it’s going to happen.
I thought it was ironic at first the fact the office is above hmrc, directly across the road from the court rooms and literally round the corner from the police station but now I’m thinking atleast he hasn’t got far to walk!