Cash FX: alleged $950 million forex Ponzi scheme sold through MLM
Reported: Cash FX Group S.A. CASHFX (Company)
Compiled by ScamMarketCap from public recordsHappened Sep 24, 2026United States
- $406M
- Net participant losses alleged in the CFTC complaint
- 0
- People affected
- 0
- Joined here
- 0
- Open to a lawyer
Cash FX Group, a company incorporated in Panama, recruited members through a multilevel marketing network to send bitcoin into a forex trading pool from June 2019 to December 2023, promising returns of up to 15% a week. According to a complaint the Commodity Futures Trading Commission filed on September 24, 2026, more than 400,000 accounts paid in over $950 million, including more than 6,000 accounts held by U.S. residents. About 81% of participants lost at least $406 million.
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