Eaconomy has secured a preliminary injunction in opposition to Ali Saleh.
Saleh sued Eaconomy in 2023. Saleh claims Eaconomy owes him $150,000.
Eaconomy and proprietor Hassan Mahmoud filed a counterclaim in opposition to Saleh alleging defamation. As a part of their counterclaim, Eaconomy and Mahmoud filed for a short lived restraining order and preliminary injunction in April 2024.
Along with failing to pay his lawyer, Saleh additionally didn’t oppose Eaconomy’s requested TRO and injunction. This led to the court docket issuing the next order on March twenty fifth, 2025;
Mr. Saleh’s failure to file factors and authorities in response to Eaconomy’s Movement for Non permanent Restraining Order … and Movement for Preliminary Injunction … constitutes Mr. Saleh’s consent to the Courts granting of the motions.
As per the granted preliminary injunction Saleh is prohibited
from disclosing confidential data or from utilizing it for any goal, together with disparaging or defaming Defendants, or interfering with Eaconomy’s contractual relationship.
The injunction will stay in place pending the end result of Saleh’s case and Eaconomy’s and Mahmoud’s counterclaim.
Apparently, Eaconomy collapsed again in March. Mahmoud (proper) has rebooted the scheme as Iqonic.
On the middle of Iqonic is a “swipe to commerce” scheme. Below “swipe to commerce”, Iqonic prospects swipe to provoke automated buying and selling dealt with by Iqonic.
Ali Saleh seems to have relocated from the US to Dubai. Saleh is at present selling AkashX:
AkashX is My Each day Alternative’s unregistered buying and selling scheme. Launched in 2020, BehindMLM documented AkashX’s first collapse in August 2023.
AkashX appears to have moved on from disastrous buying and selling bots to “faucet to commerce”. Below “faucet to commerce”, AkashX prospects click on a button to provoke automated buying and selling dealt with by AkashX.
When you’re pondering “swipe to commerce” and “faucet to commerce” sound awfully related, each schemes have been programmed by MLM Protec LLC.
MLM Protec LLC is owned by AkashX proprietor Josh Zwagil. Zwagil only in the near past obtained out of two lawsuits alleging fraud tied to Eaconomy possession.
Neither Iqonic, Hassan Mahmoud, AkashX, Josh Zwagil or Ali Saleh are registered with the CFTC.