Cash FX, Conversion Pros, others face US CFTC claims over alleged Ponzi scheme
( September 25, 2026, 18:29 GMT | Official Statement) -- MLex Summary: The US Commodity Futures Trading Commission announced a complaint accusing Cash FX Group, the Conversion Pros and their chief executives of operating a multilevel marketing Ponzi scheme, fraudulently soliciting and accepting over $950 million from the public for the purported purpose of trading retail foreign currency contracts in a commodity pool. According to the complaint, Cash FX 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.Statement follows in full. Also see attached file. ...
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