After collapsing in late 2021 and dissuading investor complaints with a unending string of guarantees, CashFX Group has lastly taken down their web site.
A “decentralized” reboot has been introduced, run by a centralized group of unknowns.
In taking down its web site, CashFX Group posted the next announcement;
CFX, as a decentralized company-platform, is honoring each single member with an energetic membership (Academy-Pack) left, for his or her Revenue and Losses (PnL), thus facilitating the continuing withdrawals by way of conventional regulated strategies of fee.
The company staff feels grateful for this legacy in historical past.
There shall be an ongoing data course of the place you’ll obtain additional communication within the subsequent few days, that can clearly lay out how the corporate is working in the direction of the most effective decision for our members going ahead.
The final identified funds CashFX Group made was to its prime promoters. These funds have been to encourage the promoters to proceed deceiving their downlines. The funds stopped in mid 2022.
The newest decentralized ruse seems to be one more “carrot on a stick” promise.
As to who’s working the CashFX Group’s centralized “decentralized” reboot, it’s unlikely to be co-founders Huascar Lopez and Ron Pope.
Huascar Lopez was the face of CashFX Group and its advertising.
Lopez disappeared shortly after CashFX Group disabled withdrawals in late 2021. Shortly thereafter he turned up in Europe however hasn’t made any public appearances from 2022.
Ron Pope, proprietor of Conversion Execs, is believed to have dealt with CashFX Group’s backend and fee processing (cash laundering).
Maybe cautious of being the face of a Ponzi scheme and US resident, Pope did entrance CashFX to start with however shortly retreated to the shadows.
In August 2023 Pope was tied to CFX Legacy. Touted as a reboot run by the “Money Foreign exchange Group Company Group”, CFX Legacy’s web site stays on-line.
Regardless of stealing hundreds of thousands by way of CashFX Group, prime promoter Luigi Bruni continues to falsely characterize himself as a sufferer.
Bruni, a Canadian nationwide, continues to advertise varied short-lived MLM crypto Ponzi schemes.
Bruni shared the highest CashFX Group promoter place with Justin Halladay (under (L) with Luigi Bruni).
After shilling varied failed NFT grifts, Halladay has not too long ago been tied to promotion of Banker Quotes.
Banker Quotes is after all one more MLM crypto Ponzi scheme.
Two years after its collapse, no definitive regulatory motion has been taken in opposition to CashFX Group, the scammers who ran it or its promoters.
The UK confirmed a legal investigation into the Ponzi scheme again in August. The standing of that investigation, and whether or not the US are concerned, stays unclear.
Complete CashFX Group sufferer losses stay unknown.