CashFX Group is an MLM-based, crypto Ponzi Scheme masquerading as a “Forex investment education” company. The company pretends to offer education to members on how to trade on the Foreign Exchange market (FOREX). CFX entices their victims with the promise of trading a portion of the money they pay for their “education” on the FX market. To become a member of CFX, you have to pay Bitcoin (BTC). The BTC that is “invested” in their education is an MLM-based tiered system CashFX calls Trading Packs. The price of each trading pack ranges between $300 – $100k USD. Members make money by recruiting (scamming) their friends and family, while CashFX rewards them with snazzy numbers on a screen!
Overview of CashFx Group
Company Name: Cash Forex Group
Also Known As: CashFx, CFX
Scam Type: MLM-Based Cryptocurrency Ponzi SCAM
Website: cashfxgroup.com
Price: $300 – $100, 000 USD
Owners: Huascar Lopez and Edwin Abad
Marketing Director: John Kinnear
Top Promoters: Luigi Bruni, Justin Halladay
Is CashFX Group a Scam?
Can you name one legitimate company that has had 31 regulator warnings issued against it? If so, does it still operate today?
31 Fraud Warnings Issued Against CashFX Group World Wide
CashFX Group has accumulated 31 fraud warnings by government regulatory authorities worldwide. Here is a list of every country and jurisdiction with direct links to each government website:
Australia (ASIC) – Click Here
Bahamas – Click Here
Bank Of Portugal – Click Here
Belgium (FSMA)- Click Here
Canada, British Columbia – Click Here
Canada, Manitoba – Click Here
Canada, New Brunswick – Click Here
Canada, Ontario – Click Here
Canada, Quebec – Click Here
Canada, Saskatchewan – Click Here
Czech Republic – Click Here
Denmark – Click Here
Dominican Republic – Click Here
Dutch Caribbean Bonaire – Click Here
Ireland – Click Here
Italy – Click Here, press “control or command” + F, and type or paste: “Cashfx” to find it.
Jersey (UK Dependant) (JFSC)- Click Here
Netherlands – Click Here
New Zealand – Click Here
Norway – Click Here
Panama – Click Here
Philippines (SEC) – Click Here
Portugal – Click Here
South Africa (FSCA) – Click Here
Singapore – Click Here
Spain – Click Here
Sweden – Click Here
UK FCA – Click Here
Conclusion
CashFX is an attractive offer for first-time investors or average sociopaths. Unfortunately, the fraud is ruthless, as are those who promote it. They are unconcerned about the irreparable harm they cause to their friends and family. Please notify your local authorities if you, a friend, or a loved one have been affected by CashFX. Find your country’s regulatory body and make a complaint using the list above. You have nothing to lose by informing your friends and family about the fraud, so encourage them to do the same.