Towards the backdrop of affiliate investor withdrawals being blocked, CashFX executives and prime promoters went off on a cruise.

These unable to withdraw can put two and two collectively to determine how the cruise was funded.

That was late November, now it’s again to going through the Ponzi schemes issues.

To that finish CashFX Group Advertising and marketing Director John Kinnear fronted a Q&A on December 4th.

Subjects coated embrace CashFX Group’s withdrawals, regulatory issues, cryptocurrency and… A.I. buying and selling?

When queried on CashFX Group’s stalled withdrawals, Kinnear parroted the earlier “we acquired hacked” excuse.

[11:38] When the safety crew has to handle one thing like that, all operations, primarily, apart from buying and selling operations, need to stop.

(That is) so the programmers are in whole management of the backoffice area.

No withdraws are going out from the backoffice.

This in fact is not sensible, as a result of later Kinnear additionally parrots the declare that CashFX Group wasn’t compromised.

[12:39] Whoever’s behind them has important funds, six figures or extra and throw an terrible lot of time and vitality at attempting to crack into this safety.

You’ve additionally heard me point out many occasions that there’s 4 separate firewalls across the CFX backoffice, and nobody’s ever breached the primary of these 4.

That also stands true. That’s the case proper now.

I’ll reiterate the purpose I made in our unique article overlaying the “we acquired hacked” excuse: it makes zero sense to assert withdrawals are disabled due to a hack, while concurrently claiming the hack was unsuccessful.

It’d be like if BehindMLM was being DDOS’ed, so I pulled the positioning right down to take care of the assault, which I claimed was unsuccessful.

To be clear I’m not suggesting CashFX Group was hacked. I keep it’s a Ponzi scheme that’s been operating out of cash all through 2021.

Huascar Lopez has publicly said CashFX Group will likely be caught up on withdrawal requests by the top of This fall, 2021.

With respect to CashFX Group’s YouTube channel disappearing, Kinnear blames “tHe HaTeRz”.

[14:50] There’s a crew, there’s a bunch on FaceBook, an anti-CFX FacBook group … they’ve thrown a wrench within the works of some various things over the course of the final two and a half years.

And I feel this was a mixed effort by that specific group and soliciting and petitioning YouTube, to have the CFX YouTube web site shut down.

Kinnear claims “the one who’s in control of” CashFX Group’s YouTube channel has “reached out to YouTube to get that rectified”.

I feel it must be apparent that no variety of complaints goes to get a YouTube channel deleted – as seems to be the case.

There must be trigger, a selected purpose for YouTube to take motion. And that’s the place Kinnear’s scapegoating falls aside.

CashFX traders have additionally apparently seen their day by day returns are static from day after day.

Kinnear attributed this abnormality to the sum of money in CashFX Group, COVID-19 and threat administration.

Shifting onto the Q&A piece of the video, one of many first questions Kinnear fields is CashFX Group working within the US.

[19:02] I can let you know the technique that’s going for use to get that achieved, within the US and Canada, is with the attorneys in Vancouver proper now.

They and their counterparts within the US market … are placing the ending touches on the technique that’s going for use to get the market open.

I actually just like the technique, I’m enthusiastic about it. I can’t share.

That is in fact baloney.

First off you possibly can’t lawyer away two and a half years of securities fraud.

Second, for those who’re an MLM firm advertising and marketing a passive funding alternative, you’re providing a safety.

There isn’t any “technique” for securities regulation within the US. You register with the SEC and supply audited monetary studies. Canada isn’t any totally different, with the exception you should register in every province.

Kinnear is mendacity via his tooth on CashFX Group and securities regulation within the US and Canada.

He goes on to lie about securities regulation exterior of the US and Canada.

[20:43] Yeah mainly the Philippines market, there’s additionally a really stable regulation agency there … and um they’re holding off on another license that’s coming by way of Panama, to then be a part of their assembly with the SEC within the Philippines to have that warning eliminated.

Kinnear is referencing the Philippine SEC issuing a securities fraud advisory in opposition to CashFX Group from April. The SEC additionally said CashFX Group “exhibits indication of a doable Ponzi scheme”.

No license from Panama or anyplace else will overturn this warning.

If CashFX Group needs to function legally within the Philippines, they’ll need to register with the SEC, identical as anyplace else on the earth.

Mining Metropolis is an MLM Ponzi scheme that thought they might overturn a Philippine SEC fraud warning.

They discovered the exhausting approach that the SEC wasn’t going to be finessed. Mining Metropolis stays banned within the Philippines.

[21:06] And in addition as soon as that’s eliminated within the Philippines, the Canadian lawyer feels they’ll get the warnings eliminated in Canada.

And that’s going to start out a domino impact and see them begin to get eliminated all over the place.

Once more, that’s not how securities regulation works.

Both you’re registered with monetary regulators and offering audited monetary studies, otherwise you’re not. And getting licenses in hidey-hole jurisdictions like Panama doesn’t equate to regulators in different nations dropping securities fraud warnings.

Wanting ahead, Kinnear talks up CashFX Group’s “AI buying and selling”, and leaping on the crypto fraud bandwagon.

[9:50] How a lot is it going to extend our day by day earnings?

Once I requested Edwin, he simply smiled and he winked.

[23:16] You’re gonna see (a) cryptocurrency product.

CashFX Group’s AI buying and selling is meant to go stay Q1, 2022.

When requested for particulars on CashFX Group’s buying and selling brokers, Kinnear dodged the query.

Based on his LinkedIn profile, Kinnear relies out of British Columbia, Canada.

The British Columbia Securities Fee issued a securities fraud warning in opposition to CashFX Group in December 2020.