Current outcome
The CFTC has filed a lawsuit in Florida federal court against Cash FX, its CEO, The Conversion Pros and its CEO Ronald Pope, and Justin Halladay, alleging a $950 million multilevel-marketing Ponzi scheme tied to crypto-linked forex investments.
Progress timeline
2 material updates- #01
CFTC Charges Cash FX Group S.A., and CEO; Three Others With $950 Million Fraud Scheme
The CFTC charged Cash FX Group S.A., its CEO, and three other individuals with running a $950 million fraudulent investment scheme that solicited funds for purported forex and crypto trading.
Source evidence: CFTC Enforcement
- #02
CFTC sues Cash FX, alleges $950M crypto-linked forex scheme
The CFTC filed a complaint in Florida federal court against Cash FX, its CEO, The Conversion Pros and its CEO Ronald Pope, and Justin Halladay, alleging a multilevel-marketing Ponzi scheme and at least $406 million in investor losses.
State after update: The CFTC has filed a lawsuit in Florida federal court against Cash FX, its CEO, The Conversion Pros and its CEO Ronald Pope, and Justin Halladay, alleging a $950 million multilevel-marketing Ponzi scheme tied to crypto-linked forex investments.
Source evidence: Cointelegraph