The drawn out exit-scam following CashFX Group’s collapse continues.
The most recent has seen high investor accounts terminated. The scammers that personal the accounts are crying over their “losses”.
In considered one of her now deleted advertising movies, Tanya Jennings inadvertently “leaked” CashFX Group’s shuffling of investor funds round.
Jennings is a high Australian promoter of CashFX Group. She sits in James Curtis’ downline.
Curtis is a high CashFX Group promoter from the UK.
Between them, Curtis and Jennings are suspected of constructing tons of 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 further penny into the enterprise since becoming a member of.
His $500 pack has now was a $100,000 pack inside 15 months and he’s at the moment incomes a really substantial earnings from each the buying and selling aspect and the enterprise aspect (recruiting).
Addressing his termination, Curtis despatched this out to his CashFX Group victims;
I joined CFX like most of you, as a enterprise that … appeared to be actual and legit.
The primary 12 months appeared to be actually good and there didn’t appear to be any points with withdrawals.
Nonetheless as most of you’ll know that isn’t the case immediately iwth lots of people now ready as much as 12 months for a withdrawal.
I believed I’d let all of that I’m now not in CFX.
CFX (is) very offended and … have suspended folks’s accounts for no legitimate motive with unfounded accusations of cross pitching.
On account 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This week Tanya knowledgeable me that she had $144,034 from her steadiness withdrawn by the corporate out of her $100K account and that her account had been suspended.
The following day I logged into my very own account and I had $228,000 withdrawn from my steadiness by the corporate and my $100k account was additionally suspended.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 now have each despatched messages by way of Telegram chat direct to Huascar Lopez – CEO of Money FX Group requesting an evidence.
Up to now 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 believe that is disgusting!
Tanya and I had been owed practically $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 may very well 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 offered a ticket to the promise land of economic freedom.
Because of this authorized motion will now be taken and a liquidation order might be filed in opposition to CFX as they’ve damaged these contracts with no proof, no written correspondence to us from company and positively no legitimate motive.
I’d identical to to additionally point out, legally an organization can’t dictate to its members what they’ll or can’t do outdoors of the corporate as we’re not staff of CFX.
There are very many hundreds of you within the staff very pissed off 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 truly been paid repeatedly every month, which explains why most Presidents and above have remained so calm in the course of the withdraw delays.
That is past unethical and is sickening to listen to, particularly whereas so many staff members are struggling financially and haven’t been paid for thus lengthy.
Let’s not neglect, up to now 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 perfect 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 staff and future incomes now conveniently roll as much as Justin Halladay to reap the rewards of mine and your arduous work.
I might 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, at the same time as he and Jennings are lower off from imaginary backoffice balances that don’t exist.
And clearly no person goes to court docket 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 pieces was advantageous.
Because the months and excuses dragged on, one after the other CashFX Group’s high 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 hundreds of thousands.
Bruni is suspected of being lower off following promotion of different MLM alternatives, considered one 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 at the moment be two camps in CashFX Group. These following Bruni into 8 Minute Dealer and numerous scams, and people who suppose CashFX Group goes to drag hundreds of thousands 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 mother or father firm Youngevity are subjecting their established MLM enterprise to can’t be understated.
BehindMLM has reviewed 8 Minute Dealer and may verify it’s not a Ponzi scheme. The standard standards for an MLM alternative to qualify as securities fraud can be absent; there’s no automated buying and selling element within the present providing.
There are several types 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 “day by 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 indicators bot generates widespread losses for almost all of 8 Minute Dealer clients, that’s not one thing Youngevity is more likely to recuperate from.
It’s numerous belief to place in somebody with ties to OneCoin, maybe now probably the most infamous MLM Ponzi scheme of all time. Toss in Bruni and different Ponzi scammers and properly… the stakes are excessive.
Whilst you pays a dentist to scrub and whiten up your enamel, cleaning the greed of a Ponzi scammer is much tougher.
Bruni has constructed his popularity on scamming folks by means of Ponzi schemes, and so alongside 8 Minute Dealer we’ve 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 regulation and FTC Act violations, Youngevity don’t appear fussed their 8 Minute Dealer associates are concurrently selling scams.
Over on Justin Halladay’s aspect of CashFX Group, you’ve got a high earner who is aware of CashFX Group is useless 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 right 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 earnings alternatives.
In contrast to Bruni although, Halladay began this a lot earlier.
For the higher a part of a 12 months, Halladay has been shilling numerous NFT scams:
He does this by means of NFTAddictz.
Halladay’s NFTAddictz pockets at the moment holds 863 nugatory NFTs.
The most recent NFTAddictz grift is a few bottom-of-the-barrel metaverse scheme:
Justin Halladay’s staff is constructing 5 play-to-earn video games, by which gamers can earn forex.
“One among them known as the Crypto On line casino,” Halladay says.
“We’re constructing a on line casino that you simply’ll have the ability to have interaction with in Minecraft. If you happen to like going to the on line casino, you’ll have the ability to play the slots and blackjack and roulette to win tokens.”
Tokens are crypto cash that can be used for unique experiences and content material, customized character NFTs, and different content material and perks.
Halladay explains, “Individuals will have the ability to 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 received nothing to do with Minecraft.
Additionally seeing as Minecraft is primarily a youngsters sport, Halladay desirous to combine a literal crypto on line casino into it’s significantly disturbing.
Halladay’s and Bruni’s conduct aspect by aspect, Huascar Lopez seems to have drawn a line within the sand with MLM alternatives.
That’s, in mild 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 appears 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 12 months in the past.
Regardless of the association is, it’s pushed Halladay to a mid-life disaster.
He’s spent the previous 12 months shopping for toys, getting tatted up and posting about faith on social media.
Halladay appears to suppose that after stealing hundreds of thousands by means of Ponzi schemes, paying lip-service to God is the highway to salvation.
In contrast to Luigi Bruni’s rotten enamel, cleaning one’s soul isn’t so easy. And such to the extent Halladay isn’t drenched in spiritual 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.
