In 2021 CashFX Group solicited $432 million from gullible traders, simply shy of half a billion.
In 2022 that quantity has dropped to $112 million.
On a macro degree that may sound salvageable… till you contemplate that for October 2022, CashFX Group took in lower than one million {dollars}.
James, cited because the FaceBook group CashFX (in affiliation with EverFX) Rip-off – Now What!?’s “Bitcoin/Blockchain skilled”, has crunched the CashFX Group pockets numbers.
As shared by group admin Harry Web page on October twenty eighth;
James, our Bitcoin/Blockchain skilled, has revealed beforehand that CFX had $432,464,782.83 of revenue throughout a 9 month interval in 2021….
Complete revenue up to now this yr for a ten month interval is simply $112,122,287.17….
January
$19,257,218.77February
$21,671,493.64March
$20,655,696.82April
$17,082,067.47A small drop. Not an issue for a respectable enterprise, however 3 months with out exponential development is catastrophic for a Ponzi.
Could
$12,299,023.57
Oh pricey.June
$10,119,547.48
Ooops.July
$5,722,344.69
Oh pricey oh pricey.August
$2,031,065.21
Lolz.September
$2,331,930.42
Bravo, a tiny restoration.October
$951,899.10
Don’t panic!!!We are actually within the downward Ponzi dying curve for positive.
As of February 2022, CashFX Group’s ROI liabilities exceeded $100 million. The present determine is unknown however anticipated to be exponentially increased.
In associated information, James has additionally pieced collectively cost data to a few of CashFX Group’s prime earners:
- Hazel Moore took house $670,092 throughout 162 transactions between September 2019 and August 2021
- Neil Slinn took house $507,425 throughout 163 transactions between Could 2020 and July 2022
Slinn was additionally considered one of CashFX Group’s “hush cash” insiders.
Binance is recognized because the processor that enabled CashFX Group to launder over $484 million.
BehindMLM known as CashFX Group’s collapse in November 2021.
The Ponzi scheme has been making selective withdrawal funds on and off since then.
Dominican Republic nationwide Huascar Lopez, proprietor of CashFX Group, hasn’t been seen in public since late 2021.
Presumed to be on the very least underneath investigation, Lopez’s present standing is unknown.
When you’re questioning who on Earth remains to be being recruited into CashFX Group, SimilarWeb tracks prime sources of web site visitors because the UK (29%), Australia (8%) and Norway (7%).
