Mike B.

In 2019, Cash Forex Group (CFX) launched with a unique approach to Forex trading. However, in 2021, they announced their closure and plans for a "decentralized" reboot. While they commit to reimbursing active members (Academy-Pack) for profits and losses and assisting with withdrawals, the path forward remains uncertain.

The leadership of the reboot is not clear, and the original founders, Huascar Lopez and Ron Pope, are seemingly not involved—Lopez is missing, and Pope is associated with another venture, CFX Legacy.

Moreover, top promoter Luigi Bruni persists in promoting other risky financial schemes. Despite its shutdown two years ago, no legal actions have been taken against CFX. The total amount lost by members is unknown, and the status of the UK's ongoing investigation into the Ponzi scheme is still unclear.

In summary, while the situation is complicated, the various red flags and lack of clarity might suggest that potential investors should proceed with caution.

NovaTech FX, a company registered in 2019, raises concerns due to founders' involvement in previous scams.

Red flags include:

- Lack of evidence for trading activities.
- Unregistered status with the SEC.
- Domain change from.io to.com.
- Login problems and fund withdrawal issues.
- Lack of transparent trading evidence.
- Identified as an unregistered trading platform by Canadian securities regulators.

An important update regarding NovaTech and Cynthia Petion.
On September 28,2023, a hearing was conducted via video.

It is worth noting that while the Ontario Securities Commission (OSC) staff were present, no NovaTech representatives appeared on behalf of the respondents.