Ronald Pope

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CFTC sues Cash FX over alleged $950 million forex Ponzi scheme

As of September 2026: Named defendant in CFTC civil enforcement action

The Commodity Futures Trading Commission filed suit September 24 accusing Cash FX Group S.A. of running a $950 million multilevel marketing Ponzi scheme. The Panama-incorporated company promised more than 400,000 account holders up to 15% weekly returns from forex trading run by professionals using proprietary algorithms and artificial intelligence.

Updated Sep 27

Notable Quotes

“Oh ya I know its all BS. I changed the wallets for payouts just to throw them off the trail,” Pope wrote in a February 2022 message, according to the CFTC complaint.

from CFTC sues Cash FX over alleged $950 million forex Ponzi scheme · Updated Sep 27

“I noticed you do not have any trade rates set for today and beyond. Just letting you know you might want to do that or it won't pay out [Trade Returns] today,” Pope wrote in a January 2020 message to Cash FX's CEO, according to the CFTC complaint.

from CFTC sues Cash FX over alleged $950 million forex Ponzi scheme · Updated Sep 27