Troy Mason has settled Ztegrity foreign exchange fraud allegations with the CFTC for $943,570.
As per a signed August fifteenth settlement, Mason admits to
to the entire findings made on this Consent Order and the entire allegations within the (CFTC’s) Criticism.
Mason’s settlement was filed with the court docket on October seventh.
The CTC filed go well with in opposition to Ztegrity in June 2021, accusing Mason of foreign exchange fraud, failure to register as a commodity pool operator and fraud by a commodity pool operator.
On Ztegrity’s web site, Mason claimed he’d taken in over $460,000 from 411 members.
As per Mason’s signed settlement, he pays $643,570 in restitution and a $300,000 civil penalty. A everlasting injunction has additionally been entered in opposition to Mason.
Mason marketed Ztegrity as a “foreign exchange financial savings membership”. As pur forth by the CFTC;
To additional lead current and potential members into believing that funds contributed to the Foreign exchange Financial savings Membership have been as protected as funds contributed to a financial savings account at a financial institution, the Defendants required members to acquire a “debit card” known as “zBlackcard,” which, in flip, required cardholders to contribute sure quantities to their respective accounts month-to-month.
BehindMLM reviewed ZBlackCard in 2018. Mason had but to implement the foreign exchange grift at time of publication.
He has nonetheless continued to defraud customers via numerous pyramid schemes.
Since ZBlackCard and Ztegrity, Mason has gone on to launch Our Fuel Membership and 25X Membership.
As of October twenty seventh, Mason remains to be selling 25X Membership:
Fiona Robinson Moody, who works with Mason to defraud customers, is obstructing victims from 25XClub’s official FaceBook group.
SimilarWeb tracks what negligible visitors there’s to 25X Membership’s web site has declined over the previous few months.
Pending additional regulatory motion, 25X Membership sufferer numbers and the way a lot they’ve misplaced stays unknown.
