AkashX has obtained a securities fraud warning from New Zealand’s Monetary Markets Authority (FMA).
As per the FMA’s Could 2nd AkashX warning;
The FMA has been made conscious of on-line webinars hosted by AkashX promoters in New Zealand.
AkashX is just not authorised to supply monetary companies in New Zealand. The FMA recommends warning when coping with AkashX or its promoters.
AkashX is just not licensed or registered to supply recommendation about monetary merchandise to New Zealand buyers.
The FMA recommends warning when coping with AkashX or anybody selling its services or products.
Along with AkashX’s web site, the FMA cites the next domains:
- startittransform.com – disabled area as of Could third, 2025
- wealthmaster101 – AkashX promoter web site registered to Three Son Advertising and marketing LLC, a Florida shell firm owned by Lynette Henk
- tap-to-trade.com – AkashX promoter web site registered to Thomas Dewerzeny, German AkashX promoter since December 2024
AksashX and guardian firm My Each day Selection failing to register with the FMA constitutes securities fraud.
AkashX and My Each day Selection are run by CEO Josh Zwagil.
By means of AkashX customers are capable of obtain passive returns, purportedly derived by a buying and selling bot. The primary iteration of AkashX collapsed in August 2023.
By means of his firm MLM Protec LLC, Zwagil has additionally began to develop funding schemes for third-parties.
In keeping with his LinkedIn profile Zwagil is predicated out of Maryland within the US. Neither AkashX, My Each day Selection or MLM Protec LLC are registered with the SEC or CFTC.