🚨 FRAUD ALERT: CFTC prosecutes Cash FX for Ponzi scheme of US$ 950M
The US regulator (CFTC) opened an official proceeding against Cash FX Group. The company is accused of operating a massive financial pyramid.
📊 Understand the case figures:
• US$ 950 Millions: Amount raised by attracting global investors.
• 15% per week: Absurd return promised under the false pretext of using "professional traders, artificial intelligence, and algorithms" in the Forex market.
• Fake trades: The CFTC proved that almost no real Forex trades were executed.
• Mechanism: New investors' money paid the previous ones.
• US$ 406 Millions: Estimated net loss so far for the victims.
💡 Lesson for investors:
There is no fixed return of 15% per month — let alone per week! Promises of guaranteed, exorbitant profits backed by "AI robots" remain the biggest red flag in the market.
Risk management first! 🛡️
💬 What do you think about these AI return promises? Leave your comment!
#CFTC #CashFX #ScamAlert #CryptoNews #BinanceSquare #Forex
The US regulator (CFTC) opened an official proceeding against Cash FX Group. The company is accused of operating a massive financial pyramid.
📊 Understand the case figures:
• US$ 950 Millions: Amount raised by attracting global investors.
• 15% per week: Absurd return promised under the false pretext of using "professional traders, artificial intelligence, and algorithms" in the Forex market.
• Fake trades: The CFTC proved that almost no real Forex trades were executed.
• Mechanism: New investors' money paid the previous ones.
• US$ 406 Millions: Estimated net loss so far for the victims.
💡 Lesson for investors:
There is no fixed return of 15% per month — let alone per week! Promises of guaranteed, exorbitant profits backed by "AI robots" remain the biggest red flag in the market.
Risk management first! 🛡️
💬 What do you think about these AI return promises? Leave your comment!
#CFTC #CashFX #ScamAlert #CryptoNews #BinanceSquare #Forex
