605
Reviews
Release Number 9304-26 CFTC Charges Cash FX Group S.A., and CEO; Three Others With $950 Million Fraud Scheme September 25, 2026 WASHINGTON — The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the Middle District of Florida against Cash FX Group S.A. and its CEO, Huascar Jose Lopez Castillo, of Brazil; The Conversion Pros, Inc. and its CEO, Ronald Pope, of Oregon; and Justin Halladay, of Florida. The complaint alleges the defendants operated a multilevel marketing Ponzi scheme, fraudulently soliciting and accepting over $950 million from the public, including individuals in the United States, for the purported purpose of trading retail foreign currency contracts in a commodity pool. According to the complaint, the defendants falsely claimed pool funds were traded by expert traders, proprietary algorithms, and artificial intelligence, and promised up to 15% weekly returns on that trading. Contrary to their representations, Cash FX engaged in minimal forex trading. Instead, it misappropriated nearly all participant funds, using new contributions from participants to pay fictitious trading profits to other participants and paying millions of dollars to each defendant. Cash FX also provided false account statements to participants to perpetuate the lie that it was generating large trading returns. Cash FX’s participants lost at least $406 million. “The Division of Enforcement has continued to refocus on its core mission of protecting the public from fraud and manipulation,” said Director of Enforcement David I. Miller. “This critical action, and the massive fraud it targets, reflects our steadfast commitment to addressing fraud wherever we find it.” The CFTC seeks restitution, disgorgement, civil monetary penalties, trading and registration bans, and a permanent injunction against further violations of the Commodity Exchange Act and CFTC regulations, as charged. -CFTC-
I invested £2000 around 2021 and over 2 years I continually upgraded each time up to the level of a $30,000 contract. It was around this time that there were numerous complaints from people not being able to access their money and I had a withdrawal request sitting for 6 months and received no response to my numerous "tickets" asking for updates. It was then public knowledge that the whole thing was a scam and basically the company had gone awol. Around 2 years ago, I heard whispers from up-line executives that lawyers where on the case and the missing money had been traced but had heard nothing since. I tried to login to the website today out of curiosity and was surprised to see that the website is still live and the are inviting new investors. I was not able to login to my account as each attempt just went back to the login page asking for my email and password repeatedly. I live in hope that these criminals will be brought to justice and that investors are able to recoup at least some of their money.
i SWEAR CASHFXGROUP ARE A BUNCH OF DIRTY THIEVES AND LIARS WHO STOLE MY ENTIRE LIFE SAVINGS AND NOW THEY WON'T EVEN ANSWER MY EMAILS OR LET ME WITHDRAW A SINGLE CENT OF MY OWN MONEY THAT i WORKED HARD FOR EVERY SINGLE DAY. i PUT EVERYTHING IN THERE THINKING IT WAS GOING TO PAY MY RENT AND BUY FOOD FOR MY KIDS BUT NOW THE WHOLE WEBSITE IS A TRAP AND MY ACCOUNT IS JUST FROZEN OUT OF NOWHERE. THEY TELL ME TO WAIT AND WAIT BUT IT HAS BEEN MONTHS AND NOTHING CHANGES AT ALL EXCEPT THEY TAKE MORE PEOPLE MONEY AND ACT LIKE NOTHING IS WRONG. i WAS CRYING MY EYES OUT EVERY NIGHT NOT KNOWING WHAT TO DO UNTIL SOMEONE TOLD ME THAT GUERRILLACHARGEBACK IS THE ONLY REAL WAY TO GET YOUR CASH BACK FROM THESE FREAKING SCAMMERS. WITHOUT GUERRILLACHARGEBACK i WOULD BE COMPLETELY RUINED ON THE STREETS WITH NOTHING LEFT TO MY NAME BECAUSE CASHFXGROUP JUST FEEDS u LIES ABOUT TRADING PROFITS THAT DO NOT EVEN EXIST ANYWHERE EXCEPT IN THEIR FAKE SYSTEM. THEY ARE FRAUDS WHO DESERVE TO BE LOCKED UP FOREVER AND NOBODY SHOULD EVER TRUST A SINGLE WORD THEY SAY OR GIVE THEM A PENNY OF YOUR MONEY EVER AGAIN UNLESS u WANT TO LOSE IT ALL LIKE i DID TO THESE MONSTERS.
I put in very little 700 CAD after someone told me to join. If it was as strong it would have grown well but was also skeptical. call it a test. Theres a victim led movement to get money back i found in a review although im not hopeful. For the amount stolen a government agency needs to get involved. Perhaps a petition from change.org however theres movement today to get FBI involved Google CashFX to justice (as shared from previous review)
absolute scam took my money and kept it.... didn't Let me withdraw no matter what I did...... I did everything I could get it back now it's time for legal action after years....
I not only invested for myself I invested for my husband and my children only to have them shut down with all of our monies saying that they were upgrading the system and we are out of pocket thousands of dollars no returns no word
SCAMMED BIG TIME! Promise high percentage but only on paper not in real hard cash. I know that: A formal criminal complaint (Denuncia Penal Formal) against CashFX Group S.A. and the responsible parties has now been filed in the Dominican Republic. Participation is FREE of charge. ALL Defrauded CashFX investors worldwide should join to bring..... CashFX To Justice (Google it)
Seemed impossible at first. Topciphertrails made it possible and restored hope. All $76k recovered without hassle
After falling for their con and losing everything, I didn’t struggle with repayment because av-ex bridges intervened.
Why is no one talking about honest, innocent people's money that has been stolen? How many years have passed? Huscar Lopez, if that is even your real name, I hand you over to the living God for Him to deal with your evil ways. No matter where you go in this world or try to hide, you cannot hide from my GOD. People are suffering out here and you are living your life on the high, your day will come...
Biggest scam ever. I don't get how their website still on the net. They have promised returns on investments that I have never received. Horrible, nasty people, just creating more problems for those who are serious about investments.
Disgraceful company! I hate the fact that they have scammed me and others, they should be ashamed of themselves. People like this should rot in hell!!!
Run awayyy. I was hassled for a long time before I could get my money with the help of Celes-tial-drifts.
Scam and Marsha Shultz was my upline. When I challenged her on the organisation, she was highly insulted. Well Marsh, I'm highly insulted you took my money knowing it was a scam. Rot in hell woman!!!
It is a total scam, would rate them minus 5 if I could. Do not invest.
I do think the people who kept badgering people to pay into this scam and line their own pockets in the process should also be held accountable they must of know it was a scam
Putrid people scamming families and friends out of their hard earned money. Avoid avoid
Complete scam! Put in $500 think my earnings at one point were around $320 so I thought I would take it out as I was getting worried about it being a scam. Turns out it was not able to cash out and also the website stopped working then worked again tried to withdraw and nothing happened and now you cannot access anything. A few members of my family also put money into this from my recommendation. Vile vile people! I didn’t lose a lot compared to some people I’ve read on here but it’s not on
Total rip off and lured in by false statements couldn’t get money back YET surely something needs to be done
Startered off great. Was getting earnings and even manage to withdraw some money but wanted to build BC I was investing to own my own salon. However the moment they implemented the cards that's when things started to really fall. I stopped receiving really anything if I tried to take out 100. I was advised in Dec.2019 to take out my earnings which I prompted. That was 5yrs ago. even talking to someone they said "our automated system has a large que time so it should take a while"...still nothing... Then they changed their whole model. Don't trust them no more, I tell everyone who was going to join to not brother (this was just the ppl I had told) because its a huge scam as far as I see it now. It Sucks because since COVID, I could of used the money to help me with debts after loosing everything (I'm basically glorified homeless, lost my job, and can't get any sort of work, and my state then has gotten worse all because I am disabled). Im glad I was able to see I wasn't the only one who got screwed over... Please, if your trying to invest this isn't the right spot. Go to the bank and do investments there.
have a look up.
Is anyone able to long into their old account? I can not access any of my money that has been invested, I see they shut down but gave a login to a legacy profile, has anyone had any luck with this.
Yes I agree its the old but still very relevant and true saying,' if it sounds to good to be true than its more than likely not true' and yet many even so called 'financial advisors get caught up by sheer greed. This was a scam that typically entices people in by promising high returns in the first 3 years, to entice people into the scheme, once enough people are in and sufficient funds are accumulated these schemes will collapse. Best is, never listen to people who are so called financial advisors and never invest any funds that you are prepared to lose. Don't be greedy.
Yeah is was a scam ...but don't fall for the reviews of people who refer to a company name in their profile picture because that is also a scam.
Check for help through name of my display picture for help of your fund's
Huascar López and Churchill Gonzalez stole a lot of money with Ponzi scheme, I know Huascar López lives in Cap Cana Dominican Republic he built a house for more than 3 million dollars
Cash Fx Group is not safe, regain and protect your money, had my display picture—it says everything I can’t put into words.