CashFX Review- Scam

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In Ireland, CashFX Group con artists are spreading the false claim that their Ponzi scheme “alleviates homelessness.”   

How does a failed Ponzi scheme with out-of-control ROI obligations benefit the homeless?   

It beats me.   

As reported by John Mooney for the Sunday Times, the promoters of an unregulated cryptocurrency get-rich-quick scam are telling consumers that they are raising funds to reduce homelessness in Ireland as part of a new marketing campaign.   

According to Mooney, Declan Dowling is the face of CashFX Group fraud in Ireland. 

Through his support and participation in the Homefullness (Ireland) Project, better known as HPI, Dowling claims in webinars designed to promote CashFX to Irish, European, and Australian audiences that he is using CashFX to “rid Ireland of homelessness.”  

While it may appear like Dowling is targeting Ireland’s homeless, it is essentially an old “fundraising for charity” scam.   

In an effort to assist humanitarian initiatives, Dowling asked individuals to invest in CashFX instead of letting their money sit in a bank account. Dowling stated in another video that he had amassed enormous profits from the plan.   

That is the essence of it. Say anything to get new fools to sign up and invest in order to continue stealing money.   

In essence, this is what every MLM Ponzi scheme is all about. Helping the homeless is merely another marketing ploy, albeit a particularly disgusting one.   

Oh, and it should come as no surprise that the Irish government has certified that the Homefullness (Ireland) Project is not a recognized charity.  In July 2021, the Central Bank of Ireland issued a CashFX Group securities fraud alert. As of yet, no additional action has been taken against con artists such as Dowling. 

CashFX Group has relatively little activity month to month. Monthly visits to the Ponzi scheme’s website exceed one million.   

Due to the efforts of individuals like Dowling, CashFX Group investor recruiting in the United Kingdom has surged in recent months.   

According to SimilarWeb, the United Kingdom is CashFX Group’s top source of website traffic (24 percent). In February, the United Kingdom was not even in the top three.   

Early in December 2019, British authorities issued a fraud alert for CashFX Group securities.   

Tony Hetherington of the Financial Mail contacted the Financial Conduct Authority as part of an investigation into CashFX Group promoter Jojar Dhinsa in mid-2021 (FCA).   

The FCA is the United Kingdom’s leading financial regulator and is responsible for regulating, among other things, securities fraud.   

Mark Steward, Head of Enforcement, declined to respond when asked why the FCA had not pursued CashFX Group promoters who blatantly committed UK financial fraud.   

Unsurprisingly, Dhinsa promotes CashFX Group as a means of assisting the homeless. The name of Dhina’s scam is “Impacting a Million Lives.”   

I assume that people like Dowling have used this as a model for their own sleazy charity marketing.

Declan Dowling’s comments in an interview with CashFX Group show that his charity scam is straightforward tax avoidance. Given that the Homefullness (Ireland) Project is not a registered charity in Ireland, I suppose Declan is laundering money through other shell corporations.   

The “Charities Regulator” regulates charities in Ireland. When John Mooney inquired, they confirmed that the Given Homelessness Project is not a recognized charity. Evidently, they are emulating the FCA’s proactive approach to fraud regulation.

In Ireland, CashFX Group con artists are spreading the false claim that their Ponzi scheme “alleviates homelessness.”    How does a failed Ponzi scheme with out-of-control ROI obligations benefit the homeless?    It beats me.    As reported by John Mooney for the Sunday Times, the promoters of an unregulated cryptocurrency get-rich-quick scam are telling…

In Ireland, CashFX Group con artists are spreading the false claim that their Ponzi scheme “alleviates homelessness.”    How does a failed Ponzi scheme with out-of-control ROI obligations benefit the homeless?    It beats me.    As reported by John Mooney for the Sunday Times, the promoters of an unregulated cryptocurrency get-rich-quick scam are telling…

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