CashFX Group has acquired a securities fraud warning from Sweden’s Finansinspektionen.
As per Finansinspektionen’s August ninth warning, CashFX Group
doesn’t have a allow from FI to conduct securities enterprise or different monetary actions in Sweden.
FI warns buyers and others to commerce with firms that should not have a license to conduct monetary actions.
That is the equal of a securities fraud warning in different jurisdictions.
Finansinspektionen, Sweden’s prime monetary regulator, identifies nationwide promotion of CashFX Group going down from the area “cfxisverig.se”.
The area has been disabled someday over the previous few days.
The scammer behind the area corresponds to the CashFX Group affiliate account “cfxisverigeab”.
“AB” is the Swedish equal of LLC, so this probably corresponds to a shell firm.
One other promoter of CashFX Group operates from “cfxsverige.se”.
Given the same naming, this is likely to be the identical scammer.
BehindMLM reviewed CashFX Group in July 2019. Based mostly on its enterprise mannequin we concluded it was a Ponzi scheme.
Sweden is the sixteenth jurisdiction to difficulty a securities fraud warning in opposition to CashFX Group.
Finansinspektionen’s warning follows comparable regulatory motion by Eire, South Africa, the Philippines, Belgium, New Zealand, Jersey, Canada (New Brunswick, Manitoba, Saskatchewan, Quebec and British Columbia), Panama, the Bahamas, Norway and the UK.
On data and perception proprietor Huascar Lopez operates CashFX Group from the Dominican Republic.
Up to now authorities within the Dominican Republic have did not take motion in opposition to Lopez or his co-conspirators.
