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OneCoin - rise and fall (3 episodes)!

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tisdag
7
december
Angela, Angelika

2021
Vecka 49

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Latest updates 2021

[7/12] CashFX Group exec lies about withdrawals, regulators… A.I.?
[29/11] Veselina Valkova trying to cash in on OneCoin notoriety!
[25/11] Crypto pyramid mastermind moves millions from his jail cell!
[24/11] Mark Scott  - memo endorsement from 16/11, 2021 (211124)
[20/11] Frank Schneider released pending OneCoin extradition decision!
[18/11] Bulgarian government petitioned over OneCoin inaction!
[18/11] OneCoin and OneLife domains suspended, under investigation!
[17/11] Bulgarian government assisted OneCoin pyramid scheme! 
[17/11] 857 Ponzi- and pyramid schemes reviewed in 2020-2021!
[16/11] OneCoin domain blocked by regulator EURid!
[5/11] CashFX Group fraud warning issued by Dominican Republic!
[3/11] Revealed: The Cryptoqueen's £13.5m London penthouse!
[3/11] Judge suggests Frank Ricketts pleads guilty in OneCoin trial!

News archive 2021 »

Investor alert; Cash Forex Group / Cash FX Group / CashFX / CFX

Investor alert Finansinspektionen Cash Forex Group (CashFX)

https://www.fi.se/en/varningslistan/2021/cash-forex-group--cfx/


The Financial Conduct Authority has banned EverFX from offering services to consumers in the UK. The ban follows EverFX denying it operated as a broker for the CashFX Group Ponzi scheme. Visitors to EverFX’s website are now greeted with the following message across the top of their screen: "From 17.05.2021, ICC Intercertus Capital Limited, trading as EverFX, is not permitted to provide regulated financial services to residents of the United Kingdom.Read more

Trustpilot warning against Cash Forex Group (CashFX)

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BBC Africa Eye documentary - Unmasking the Pyramid Kings: Crowd1 scam targets Africa.

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Cash Forex Group (CashFx) - a pyramid scheme and alleged securities fraud!

19 countries has issued regulatory warnings for securities fraud) against Cash Forex Group (CashFx) so far; Australia, Bahamas, Belgium, Canada (Quebec, British Columbia, Saskatchewan, New Brunswick), Denmark, Dominican Republic, Great Britain (UK), Ireland, Italy, Jersey, New Zealand, Norway (three times), Panama, Peru, Philippines, Portugal, Singapore, South Africa, Spain and Sweden.

Cash FX Group is not registered to offer securities in the USA. FCA issues warning against CashFx Group: "This firm is not authorised by us and is targeting people in the UK. CashFX is not authorized within the EEA."


After investigation EverFX disclosed not having an agreement with CashFX or financial transactions between the companies.

CashFX Group using KYC to continue not paying withdrawals. CashFX Group’s dodgy KYC shell merchant busted.

CashFX Group stopped withdrawals in late May, 2021. Affiliate investors continue to go unpaid, with CashFX Group recently threatening anyone who complains with account termination.

Trustpilot warning against Cash Forex Group (CashFx).

MLM company Cash FX is supposedly a pyramid scheme. In addition, i.e. Finansinspektionen in Sweden and other parts of the world posts warnings to the public against Cash Forex Group.

Cash Forex Group (abbreviation: Cash FX Group, CashFX, CFX) does not offer any real product other than membership recruitment in the Panama-based company. Both Finansinspektionen in Sweden as well as authorities in many countries warned the public about Cash Fx Group at the end of last year (for securities fraud).

British FI: Could be investment fraud
Finansinspektionen's announcement to the public regarding Cash FX Group refers to a warning from its British counterpart, the Financial Conduct Authority (FCA).

In its warning, FCA writes that there is reason to believe that Cash FX Group conducts business that is subject to registration without having the necessary permits. It also warns that many companies that conduct financial activities without a permit are so-called investment frauds.

Reviewer: Cash FX Group is a pyramid scheme
Behind MLM is a website that reviews companies in the borderland between MLM and pyramid schemes. They believe that there is no evidence whatsoever that Cash FX Group would conduct foreign exchange trading to pay its members.

Instead, the company must pay its members with new members' money. A classic pyramid scheme, says Behind MLM.

Delayed payments
Cash FX Group is led by Huascar Lopez, who is the CEO of the company. In early April, Hauscar Lopez acknowledged that the company had recently had trouble paying its members. He blamed this on bitcoin's fluctuating price and the ongoing corona crisis.

According to Behind MLM, the late payments may be a sign that the company is collapsing - something that, according to the laws of mathematics, eventually happens in all pyramid schemes.

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