Cash FX Scam Fraud Warning In Singapore

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Hello my friends! Welcome to my Cash FX Scam blog post! You might be here because someone referred you to this company. Or maybe you found them online as there has been a lot of buzz lately about them. Either way, you are at the right place today. It is important that you read my blog post because I have some shocking news to share with you. So make sure to stick around ’till the end.

In my original Cashfx Group Scam review, I did mention how Justin Halladay had fled the USA. Seems that he might be living in the Dominican Republic. If you are here for the first time, this guy is pretty much the one behind this company and making all the cash. So here is what’s going on as of today…

Cash FX Scam – Fraud Warnings

Singapore just gave this Cash FX Scam a securities fraud warning. More specifically it was the MAS or the Monetary Authority of Singapore. You can think of this entity as being like the SEC in the United States. So this means that Cash FX is not registered with MAS. Since they are offering securities they must be registered with MAS.

cash fx scam fraud warning

But here is what gets crazy… Singapore is now the 19th place that has given a fraud warning to this Cash FX Scam. The other countries that have done this are the following: Panama, Norway, UK, Bahamas, Belgium, New Zealand, Australia, British Columbia, Quebec, Saskatchewan, Sweden, Portugal, Jersey, Canada, New Brunswick, Manitoba, Philippines, South Africa and Ireland.

Cash FX Scam Leadership

In addition to Justin Halladay, as I mentioned before, there is another guy running the scam. His name is Huascar Lopez. Here is him on the picture below:

cash fx scam leadership

He actually operates it from the Dominican Republic. They recently announced on a Youtube video that they have opened up a head office in Panama. Interestingly enought Panama is one of the countries that has issued the fraud warning.

When we look at their current traffic online, we can see that it has been declining in the past few weeks. The top traffic now is coming from Nigeria with a 22%, Australia with 21% and the US with a 14%. For some odd reason we haven’t seen the US regulators taking action yet. But at this point it is very probable that might be on the radar. Especially knowing that they already have all these fraud warnings from so many countries.

Just remember that for these types of companies to be operating legally, they need to be registered. And they actually need to register will all the regulators from the countries they are doing business with. No matter where they are operating from. So, if they have American investors, they need to register with the SEC. Period. If they are not, it’s very simple: They are operating illegally. Since CashFX does’t have a registration with the SEC, they are just another Ponzi scam.

Learn How To Trade Crypto

Don’t get me wrong… There is nothing wrong with investing in Crypto, in fact I hold a good amount of crypto tokens. The problem is really with these types of scams. There is a huge difference from buying a legit coin than investing in these fake companies. If you want to learn how to trade crypto, I recommend trying the Crypto Ultimatum training course for a super affordable price. Try it out. If you don’t like if for some reason you can get your money back. But I doubt you will. It will show you how to do it the right way. By the way, HERE is the latest Ponzi I reviewed in case you run into it!

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Category: MLM