The drawn out exit-scam following CashFX Group’s collapse continues.
The newest has seen prime investor accounts terminated. The scammers that personal the accounts are crying over their “losses”.
In one in every of her now deleted advertising and marketing movies, Tanya Jennings inadvertently “leaked” CashFX Group’s shuffling of investor funds round.
Jennings is a prime Australian promoter of CashFX Group. She sits in James Curtis’ downline.
Curtis is a prime CashFX Group promoter from the UK.
Between them, Curtis and Jennings are suspected of constructing a whole lot of hundreds recruiting CashFX Group victims.
James began with Money FX late February 2020, shopping for a $500 pack and has not put a single extra penny into the enterprise since becoming a member of.
His $500 pack has now became a $100,000 pack inside 15 months and he’s presently incomes a really substantial revenue from each the buying and selling facet and the enterprise facet (recruiting).
Addressing his termination, Curtis despatched this out to his CashFX Group victims;
I joined CFX like most of you, as a enterprise that … gave the impression to be actual and legit.
The primary yr gave the impression to be actually good and there didn’t appear to be any points with withdrawals.
Nevertheless as most of you’ll know that’s not the case right now iwth lots of people now ready as much as 12 months for a withdrawal.
I believed I might let all of you realize that I’m now not in CFX.
CFX (is) very indignant and … have suspended individuals’s accounts for no legitimate cause with unfounded accusations of cross pitching.
Because of these accusations, final week each Tanya and myself had been faraway from the Dictator’s Chat!
This week Tanya knowledgeable me that she had $144,034 from her steadiness withdrawn by the corporate out of her $100K account and that her account had been suspended.
The subsequent day I logged into my very own account and I had $228,000 withdrawn from my steadiness by the corporate and my $100k account was additionally suspended.
We’ve got each despatched messages by way of Telegram chat direct to Huascar Lopez – CEO of Money FX Group requesting a proof.
Thus far our messages have been learn however have been completely ignored with no response or any official correspondence from the corporate.
In penning this I nonetheless have had no correspondence from the corporate, which doesn’t shock me being that the corporate by no means appear to speak with any of its members. I feel that is disgusting!
Tanya and I had been owed almost $1 million in withdraws that has now gone again to the corporate with CFX already illegally withdrawing $372,034 from each our accounts with out our permission being we’re underneath a contract with the corporate that they’ve damaged.
This quantity is peanuts in comparison with what could possibly be now over a billion {dollars} owing to the approx. 400,000 CFX members.
Sadly many have used their life financial savings to buy a “commerce pack” and have been bought a ticket to the promise land of economic freedom.
Consequently authorized motion will now be taken and a liquidation order shall be filed towards CFX as they’ve damaged these contracts with no proof, no written correspondence to us from company and positively no legitimate cause.
I might similar to to additionally point out, legally an organization can’t dictate to its members what they’ll or can’t do exterior of the corporate as we’re not workers of CFX.
There are very many hundreds of you within the group very annoyed ready on withdrawals, a few of you now have been wiating so long as 12 months!
To my utter horror, I’ve not too long ago been knowledgeable that the Presidents and above in CFX have really been paid commonly every month, which explains why most Presidents and above have remained so calm through the withdraw delays.
That is past unethical and is sickening to listen to, particularly whereas so many group members are struggling financially and haven’t been paid for therefore lengthy.
Let’s not neglect, so far the corporate hasn’t produced any audited reviews to show the corporate is definitely buying and selling which is a authorized requirement.
I want you all the easiest and all of the success … and I hope you’ll be able to get a few of your cash paid to you by CFX.
My entire group and future incomes now conveniently roll as much as Justin Halladay to reap the rewards of mine and your arduous work.
I shall be closing this group within the subsequent 24 to 48 hrs.
Ah, Ponzi scammers getting scammed by Ponzi schemes. You hate to see it.
Make no mistake, Curtis, who claims he’s been in MLM for “over 30 years”, knew CashFX Group was a Ponzi scheme when he signed up.
Curtis knew CashFX Group was a Ponzi scheme as recruited hundreds into it. And he’s now nonetheless refusing to confess it’s a Ponzi scheme, whilst he and Jennings are minimize off from imaginary backoffice balances that don’t exist.
And clearly no person goes to courtroom over stolen monopoly cash funds in a Ponzi scheme.
Anybody nonetheless in CashFX Group is aware of the Ponzi scheme collapsed round November 2021. Prime traders, like Curtis and Jennings, initially pretended all the things was advantageous.
Because the months and excuses dragged on, one after the other CashFX Group’s prime recruiters went silent and began disassociating themselves with the Ponzi scheme.
This culminated in Luigi Bruni’s messy divorce from Justin Halladay. As joint beneficiaries of the highest non-admin CashFX Group funding place, Bruni and Halladay collectively have stolen tens of millions.
Bruni is suspected of being minimize off following promotion of different MLM alternatives, one in every of which BehindMLM has confirmed is a Ponzi scheme. The opposite is a buying and selling MLM alternative committing securities fraud.
Bruni is busy funneling CashFX Group traders into 8 Minute Dealer. Not surprisingly, Curtis and Jennings had their CashFX Group accounts suspended over the identical conduct.
There seems to presently be two camps in CashFX Group. These following Bruni into 8 Minute Dealer and numerous scams, and those that suppose CashFX Group goes to drag tens of millions of {dollars} out of skinny air to pay ROI balances that don’t exist.
Bruni funnelling CashFX Group scammers into 8 Minute Dealer is attention-grabbing. The potential publicity father or mother firm Youngevity are subjecting their established MLM enterprise to can’t be understated.
BehindMLM has reviewed 8 Minute Dealer and might affirm it’s not a Ponzi scheme. The same old standards for an MLM alternative to qualify as securities fraud can also be absent; there’s no automated buying and selling element within the present providing.
There are various kinds of securities fraud although and, for his or her half, Youngevity don’t appear involved.
Shills on YouTube scale back 8 Minute Dealer to a “62% in 8 minutes” or “each day 1% to 10%” ROI scheme:
On the very least these are potential violations of Part 5 of the FTC Act, falling underneath misleading or unfair earnings claims.
If Sal Leto’s alerts bot generates widespread losses for almost all of 8 Minute Dealer clients, that’s not one thing Youngevity is prone to get better from.
It’s a number of belief to place in somebody with ties to OneCoin, maybe now essentially the most infamous MLM Ponzi scheme of all time. Toss in Bruni and different Ponzi scammers and properly… the stakes are excessive.
Whilst you will pay a dentist to scrub and whiten up your tooth, cleaning the greed of a Ponzi scammer is much tougher.
Bruni has constructed his popularity on scamming individuals via Ponzi schemes, and so alongside 8 Minute Dealer we now have Alya Finance and EnviFX & Automated Capital.
Alya Finance is your typical MLM crypto shitcoin Ponzi scheme. Envi FX and Automated Capital is a US primarily based firm committing securities fraud.
As with potential securities legislation and FTC Act violations, Youngevity don’t appear fussed their 8 Minute Dealer associates are concurrently selling scams.
Over on Justin Halladay’s facet of CashFX Group, you’ve gotten a prime earner who is aware of CashFX Group is lifeless however continues to play alongside.
Halladay fell off the CashFX Group bandwagon round early to mid 2021 – though he nonetheless continued to obtain stolen investor funds.
I’m undecided on what the monetary association between Halladay and Huascar Lopez is/was, however at one level he even relocated his household all the way down to the Dominican Republic.
Halladay has since dragged his household again to the US.
Like Bruni, CashFX Group’s collapse has seen Halladay discover different revenue alternatives.
In contrast to Bruni although, Halladay began this a lot earlier.
For the higher a part of a yr, Halladay has been shilling numerous NFT scams:
He does this via NFTAddictz.
Halladay’s NFTAddictz pockets presently holds 863 nugatory NFTs.
The newest NFTAddictz grift is a few bottom-of-the-barrel metaverse scheme:
Justin Halladay’s group is constructing 5 play-to-earn video games, during which gamers can earn forex.
“One among them is named the Crypto On line casino,” Halladay says.
“We’re constructing a on line casino that you simply’ll be capable of interact with in Minecraft. In case you like going to the on line casino, you’ll be capable of play the slots and blackjack and roulette to win tokens.”
Tokens are crypto cash that will also be used for unique experiences and content material, customized character NFTs, and different content material and perks.
Halladay explains, “Individuals will be capable of play our video games and generate crypto cash as they attain sure ranges. I’m enthusiastic about that one.”
Mojang Studios, owned by Microsoft, banned NFTs and blockchain from Minecraft final month. No matter Halladay’s newest rip-off is, it’s bought nothing to do with Minecraft.
Additionally seeing as Minecraft is primarily a children recreation, Halladay eager to combine a literal crypto on line casino into it’s notably disturbing.
Halladay’s and Bruni’s conduct facet by facet, Huascar Lopez seems to have drawn a line within the sand with MLM alternatives.
That’s, in gentle of CashFX Group collapsing, Bruni and Halladay had been free to advertise different scams – as long as they weren’t MLM.
Whereas Bruni’s walked away, Halladay seems set to stay round as lengthy he continues to be paid off.
It in any other case makes zero sense to stay round a collapsed Ponzi you stopped brazenly selling over a yr in the past.
Regardless of the association is, it’s pushed Halladay to a mid-life disaster.
He’s spent the previous yr shopping for toys, getting tatted up and posting about faith on social media.
Halladay appears to suppose that after stealing tens of millions via Ponzi schemes, paying lip-service to God is the street to salvation.
In contrast to Luigi Bruni’s rotten tooth, cleaning one’s soul isn’t so easy. And such to the extent Halladay isn’t drenched in non secular hypocrisy, he little doubt is aware of it.
You gained’t discover Exodus 20:15, “Thou Shalt Not Steal.” on Halladay’s FaceBook timeline.
As to CashFX Group CEO Huascar Lopez, what started as a trip to Italy has now, retrospectively, emerged because the beginnings of an exit-scam.
CashFX Group’s final public company occasion was final November, simply after they first disabled withdrawals.
Lopez now hasn’t been seen in public for months. His present location and standing are unknown.
