CashFX Group is orchestrating a protracted exit scam, with top investor accounts now being terminated. Promoters who once touted the scheme's legitimacy are now lamenting their own substantial financial losses.
Tanya Jennings, a prominent Australian recruiter for CashFX Group, inadvertently revealed the company's internal fund transfers in a now-deleted marketing video. Jennings is part of James Curtis’ recruitment network. Curtis, a UK-based CashFX Group promoter, allegedly earned hundreds of thousands of dollars alongside Jennings by bringing new victims into the scheme.
Curtis claims he joined CashFX Group in February 2020 with a $500 investment package. He asserts he has not added any further funds since that initial deposit. Within 15 months, his original package purportedly grew to a valuation of $100,000, generating significant income from both trading and recruitment.
In a message to his downline, Curtis announced his departure from CashFX Group, stating he joined the company believing it was legitimate. He noted that initial withdrawals were processed without issue in the first year. However, he acknowledged that many members now face withdrawal delays stretching up to 12 months.
Curtis accused CashFX Group of suspending accounts without valid cause, citing unsubstantiated claims of "cross-pitching." He stated that both he and Jennings were removed from a private company communication channel following these accusations. Jennings informed Curtis that CashFX Group had withdrawn $144,034 from her $100,000 account balance and suspended her account.
Curtis subsequently discovered that CashFX Group had similarly withdrawn $228,000 from his own account balance and suspended it. Both he and Jennings have reportedly attempted to contact CashFX Group CEO Huascar Lopez via Telegram for an explanation. Their messages have been read but remain unanswered, with no official communication from the company.
Curtis expressed his dissatisfaction with the lack of company communication, calling it "disgusting." He and Jennings claim the company illegally seized nearly $1 million in pending withdrawals from their accounts, violating their contractual agreements. This sum, Curtis stated, is a fraction of the potential billion dollars owed to CashFX Group's estimated 400,000 members. Many of these individuals reportedly invested their life savings into "trade packs," lured by promises of financial freedom. Legal action is now planned, with a liquidation order set to be filed against CashFX Group for alleged breach of contract.