Justin Halladay is the man behind the notorious CashFX scam. He is currently on the run and is residing in the Dominican Republic.
His company scammed hundreds, if not thousands, across the globe. It was a Ponzi scheme which provided no information about its owners or leadership in its initial days. The company entered the market in 2019 and collapsed in 2021.
All this time, Justin Halladay promoted the scheme and ensured that the operation reached as many people as possible.
In 2019, the company had claimed that Huascar Lopez was the founder and CEO of the company.
On the other hand, Justin Halladay held the top investment position in the Ponzi scheme.
His fleeing the US was one of the first clear signs of the impending CashFX collapse of 2021.
According to Alexa, the US was the third-largest source of traffic for the scam. However, the figure was much higher considering how the company urged its customers to use VPNs to mask their IPs.
CashFX wasn’t the first scam by Justin Halladay. Apparently, he used to run Cloud Token and scammed many through that fraudulent crypto token.
According to various victim reports and sources, it’s suspected that Justin and Luigi Bruni have stolen several millions from the victims of CashFX Group.
However, if Justin believes that leaving the US to reside in the Dominican Republic would save him from the grip of US authorities, he is mistaken. That’s because the Dominican Republic has an extradition agreement with the US.
It’s quite common among scammers and criminals to avoid jail time by fleeing to another country. For example, Samir Azizi Dubai was trying to flee to Dubai when he was arrested by the US authorities. The fraudster was facing multiple criminal charges in Europe.
His social media posts revealed that he is hiding out in Las Terranas.
How Justin Halladay Scammed People With CashFX Group:
Justin Halladay and Huascar Lopez launched CashFX in 2019. The company didn’t sell any products. Instead, it sold its affiliate membership and then its MLM scheme to others.
According to the company, its affiliate investment gave people access to “Trade Academy Education Packages”.
Furthermore, the company claimed to offer 400% ROI on its investments and the maximum ROI one could potentially get was capped at 15% a week.
The structure was like this:
| $300 Invested Amount | 300 Package |
| $500 Invested Amount | 500 Package |
| $1000 Invested Amount | 1K Package |
| $2000 Invested Amount | 2K Package |
| $5000 Invested Amount | 5K Package |
| $10,000 Invested Amount | 10K Package |
| $20,000 Invested Amount | 20K Package |
| $30,000 Invested Amount | 30K Package |
| $50,000 Invested Amount | 50K Package |
| $100,000 Invested Amount | 100K Package |
Above, you see the table of their investment packages you could buy to get their “Affiliate Returns”.
The company claimed to offer 200% ROI on affiliate returns while 400% ROI on its MLM section.
Clearly, the promises of Justin Halladay’s company were extremely lucrative. The company claimed that your investment package would expire when either 200% affiliate returns or 400% MLM commissions were earned.
To get subsequent returns, the company required you purchase a new package.
The MLM Structure of CashFX:
At CashFX Group, there were 7 ranks one could attain:
| Rank | Requirement |
| Affiliate | Sign up and buy a CashFX package |
| Executive | Maintain a 1K or higher package, recruit and maintain 3 active members and produce 7000 group volume |
| Manager | Maintain a 1K or higher package, recruit and maintain 2 Executive or higher members, produce 25,000 group volume |
| Director | Maintain a 1K or higher package, recruit and maintain 2 Manager or higher members, produce 100,000 group volume |
| President Club | Maintain a 1K or higher package, recruit and maintain 3 Director or higher members, produce 500,000 group volume |
| Ambassador | Maintain a 1K or higher package, recruit and maintain 3 President Club or higher members, produce 2,000,000 group volume |
| Global Ambassador | Maintain a 1K or higher package, recruit and maintain 2 Ambassador or higher members, produce 5,000,000 group volume |
The personal volume of every investment package at Justin Halladay’s firm was half of its investment requirement. So, it was something like this:
| 300 Investment Package | 150 Personal Volume |
| 500 Investment Package | 250 Personal Volume |
| 1K Investment Package | 500 Personal Volume |
| 2K Investment Package | 1000 Personal Volume |
| 5K Investment Package | 2500 Personal Volume |
| 10K Investment Package | 5000 Personal Volume |
| 20K Investment Package | 10,000 Personal Volume |
| 30K Investment Package | 15,000 Personal Volume |
| 50K Investment Package | 25,000 Personal Volume |
| 100K Investment Package | 50,000 Personal Volume |
Commission at CashFX:
Justin’s company claimed to offer 50% commission on the funds of your personally recruited affiliates. You would get 50% of the personal volume you generate in this company. So, if you sold a 1K package, it would generate 500 PV and you would get $250.
Every pyramid scheme is structured in levels where the person at the top gets the most returns. CashFX was no exception.
To make itself sound lucrative, it had a clearly laid out level-structure.
It’s a pretty common scheme. You start at level 0 and the people you recruit would be on level 1 (for you). The people your level 1 affiliates recruit would be on level 2 and so forth.
Almost all MLM scams such as OmegaPro and Yolllo follow structures like this.
The level-based commission structure in this scam by Justin Halladay was:
| Rank | Commissions |
| Affiliate | 10% on level 1 – 4 |
| Executive | 10% on level 1 – 4 and 20% on level 5 and 6 |
| Manager | 10% on level 1 – 4, 20% on level 5 & 6, 5% on levels 7 and 8 |
| Director | 10% on level 1 – 4, 20% on levels 5 & 6, 5% on levels 7 – 9 |
| President Club | 10% on level 1 – 4, 20% on levels 5 & 6, 5% on levels 7 – 10, 1% from level 11 |
| Ambassador | 10% on level 1 – 4, 20% on levels 5 & 6, 5% on levels 7 – 10, 1.5% from level 11 |
| Global Ambassador | 10% on level 1 – 4, 20% on levels 7 & 8, 5% on levels 7 – 10 and 2% from level 11 |
So, How Did Justin Halladay Make Money from This Scam?
Although CashFX made numerous promises and claims about how much returns it would offer, the truth is, it was a Ponzi scheme.
A Ponzi scheme is a fraudulent scheme which pays existing investors in a nonexistent enterprise with the funds it collects from new investors.
CashFX never had a product of its own. It paid its older investors by using the funds it received from its new recruits. Eventually, the recruitment process slowed down and the company couldn’t pay its investors.
Every Ponzi scheme follows this structure. This is why you should be extremely wary of any new investment scheme claiming to offer unrealistic returns.
A similar scam is LyoPay, an online Ponzi scheme posing as a crypto venture. The promoter of that scam is Luiz Goes and it uses the same tactics Jusin Halladay was using to promote CashFX.
MLM scams tend to succeed by targeting vulnerable sections and making false promises to customers. They make their compensation plan highly lucrative on paper and make it seem as if the company will never fail.
People end up investing a lot of money hoping they would get double or in this case quadruple of what they invested. However, the returns are never so impressive.
In most cases, the company stops paying its investors after 1 or 2 installments. Many of their investors never receive any payments from the company at all. In the next section of this writeup you’ll read about how much damage Justin Halladay has caused through this scam:
What Victims of Justin Halladay Are Saying Online (CashFX Reviews):
Over the years, Justin Halladay and his company have scammed thousands of investors all across the planet. Below is a collection of some of their complaints to give you an idea of what they went through:
“Absolute Scam”
Andrew says that CashFX is an absolute scam. Its “leaders” are gone already and have moved onto the next money-making scheme. Andrew points out that the company’s leadership was full of crooks and they will face the consequences of their actions some day.
Justin Halladay’s Company Doesn’t Let People Withdraw
Here, the reviewer points out that Justin Halladay’s company is a major scam. The user points out that at first, he was able to get half of his initial deposit back. But when his investment grew by 240%, he was unable to make any withdrawals .
The reviewer says the company is a big scam.
“CashFX is an Absolute Scam”
Chuck points out that the company is fraudulent. He has been waiting for more than a year to get a payout but it doesn’t happen.
Chuck highlights that it’s impossible to even get an indication of when and if there will be any future payouts. The company advertises itself well but doesn’t keep to any of its promises, says Chuck. He calls it an absolute scam like other CashFX reviews.
James Halladay’s Company Didn’t Give a Single Penny in Payout
James highlights that his boss decided it would be better to direct all future bonuses and rewards from Justin Halladay’s firm. James points out that it was a horrible decision. He refused to join after doing a little research himself.
James didn’t get any bonus but the rest of the team joined the scheme. None of them received a penny.
James highlights that he feels bad for them. He recommends avoiding any similar scams that seem too good to be true.
Reviewer Calls Out Justin Halladay’s Fake Reviews
Zac warns other reviewers to avoid reading the fake 5-star CashFX reviews. He says “make no mistake, this company is a SCAM”.
Zac highlights that although the weekly returns look good on paper, you would never see a single cent. Also, you wouldn’t be able to make any withdrawals. He suggested running away from Justin Halladay’s company.
Another CashFX Review Exposing the Scam
Johnny points out that his friend introduced him to this company a year ago. He heard the sales pitch and explained that it’s literally impossible for a trading company to offer such returns.
The company claimed that it made 1% returns per day. They even showed him a data sheet to “prove” that they were making profits every single day. Certainly, Justin had prepared the company’s marketing pitch well.
Johnny explained that it was impossible because nobody can win every single day. In response, the CashFX marketers told him that they do lose every day but their wins are more so there’s always a net gain.
So, Johny invested $500 to test it out. Surely, he was earning returns every single day until he doubled the money.
However, when he tried to make a withdrawal, it never arrived. CashFX showed it as “pending”.
Johny feels bad for the people who are still falling for this scam. Also, he points out that Justin Halladay’s marketers are adding fake reviews on CashFX.
More CashFX Reviews Exposing Justin Halladay’s Shady Practices:
Where is Justin Halladay Now?
It seems like Justin has begun using the money he made from CashFX to launch new scams. He is now promoting himself as the President of JJ3B LLC.
Also, his LinkedIn profile doesn’t mention his involvement in the notorious CashFX scam.
Instead, he claims to be the President and Founder of Children 4 Christ. It seems like he is using religion to peddle his new scams, which is not a good sign.
According to his online claims, his new venture, JJ3B LLC, is a blockchain company.
Conclusion
Justin Halladay made millions by scamming people through CashFX. The company has been in the industry since 2019 and has succeeded in stealing from thousands of victims.
Now, he has run off to the Dominican Republic to avoid the jaws of US authorities.
There are plenty of scammers who use this tactic to avoid the grasp of legal agencies. For example, Kalpesh Patel is a scammer responsible for a total of $600 million of losses.
He fled to Dubai after scamming victims in multiple countries.
Another similar scammer is Lee Oakey. He ran the notorious Ponzi scheme USI Tech.
If you are a victim of CashFX and Justin Halladay, please share this article with others. It would help raise awareness against this fraudster.
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Stop investing in this website. They are the financial predators whose main purpose is to take out all your money and give nothing in return, I would suggest stopping dealing with them or else getting ready for losing your money.
They were holding my withdrawals and I’m facing lots of difficulties in login. When I go to the website they show this user does not exist.
Investors and newbies stay away from this source otherwise they scammed you and give you nothing in the end.
A friend of mine invested in many investing platforms. But he failed to recognize this fellow website and earn nothing from this website. He had lost $750 while trusting this website.
They did not allow him to withdraw his amount. It’s been going on for 8 weeks but he is unable to withdraw any amount from this source. He also told me that when started complaining about his problem the particular worker of the company was unable to solve the problem.
I’m investing in various trading platforms. And generates better income from Trading websites. But this website steals all my money and didn’t give my money back because This website is controlled by a group of fraudsters whose intentions were very clear about the investment.
But I have a doubt why these scammers did not come into the eye of higher authority. What strategy they were using? That they don’t recognize by the authority. If anyone knew anything about how to get back money from this website please help me to come out of this situation.
I had received a bad experience while investing in Cashfx. They focus only on getting money from clients instead of giving returns which they promised in their schemes. They target small and new investors and allow them a higher return on investment at once.
After this when clients started believing in their fake schemes. Then they asked to invest more money into the website. As a result of this when clients invested more money into websites they stats blocking the client’s accounts.
I asked them about investment but they didn’t tell me about my investment. Now I’m not investing in any online platform and recommended that beginners stay away from this!
Don’t judge them by their fraudulent schemes and advertisements. Run if you see any type of these fraudulent schemes. In this, no one is here to maximize your wealth. They are hustlers whose aim is to take out money from you. Stay away from it. Thousands of people were losing their all money while investing in this website.
If you are reading this review stay away from this until you missed the boat it is better to recover before.
I had to suffer lots of problems while investing in this site. A tip for investors is to check whether the particular site holds any license from the regulatory authority or not.
I logged a complaint to customer care on this website but was unable to recover my amount. I spent $700 on this site. I want those who promote these schemes to be punishable by the law. These scammers run away by taking all money of the people and didn’t recognize by the regulatory authority of the country.
The purpose of these fraudsters is to spread discrimination against investors and earn money.
People were losing thousands of dollars while investing in this scheme. So, If you care about your money then make efforts to some other sources of investments.
Is Cashfx a scam or Are they Nefarious? The answer is yes they are big scammers who focus on people’s money as a source
of income. This source is full of garbage avoid investing with them. I guaranteed you this site shows a high rate of return which would you never expect in your life while doing an investment with them.
Don’t believe in the positive reviews of the people, they hired people to write positive reviews about the company. These activities were done by this website to attract investors to the Ponzi scheme.
I make a big mistake investing in this rubbish website.
My husband has invested in this scheme by believing in their fake advertisement. But when he started seeing the decline in the investment he dropped the idea of doing investment with this site. When asked for a refund the company rejected the withdrawal request. And when he filed the complaint about this problem.Didn’t get a single reply from the website about the problem.
This is a horrible investing site. So, this company is not getting any more money for now. Now, this site is not the best way of doing investing activity. It is hard to believe that they scammed many peoples. They cheated $XXXX from my husband.
Hopefully invested some amount of saving into this fraud scheme. Otherwise, I have to bear heavy losses. Because this company is unable to pay my withdrawals. Instead of giving my withdrawals, the site started blaming me, and in some cases, they started saying the market is violated.
With luck, I had invested little amount into this fraud scheme but don’t invest a single penny into this website. Although I want my money back.
The aim of this company steal money from its potential victims. And not letting their investors withdraw money from the websites. I’m invested in this website they provide ranking to every individual who had invested in this website. They asked the people if they were able to join one more person in this particular person promoted to the next level and able to generate a high return on their investments.
If I could put 0 stars or minus 5 stars to this source. I don’t believe how people started giving a 5-star rating to this site. I want legal action would be taken so, people are aware of this scam and also help to recover the money of many peoples.
My son had invested $7000 in this terrible site. And get nothing in return because this source doesn’t pay out at all. He started investing in this site about 6 months ago. I warned him but he doesn’t believe me. And suffer heavy losses. I don’t understand why people start investing in these sources before checking or knowing their backstories like whether this site is doing well with its investors or not. My son had lost 95% of invested amount through this website. Would not be recommended to anyone.
Not paying me the proper amount If you are still here so, please get out of here as soon as possible. I do the biggest mistake of my life while putting my money into this platform. They are the worst source I have ever invested with. They are the thieves who steal your all money. Everyone should stay away from these sources because these sites started doing sharp practices with their own clients.
So, I would suggest stopping using this site and being aware of not investing money in this site.
These scammers have not just scammed me, there are lots of people who are suffering from this same problem. Because the website is not giving any updates to his investors. And there are lots of people who don’t what is happening to their invested capital.
This site is completely doing the fraud business. They never pay back your invested capital.
This company is fooling me for the last two months and didn[‘t give me any amount for the last two months. This site has to pay me $200. I don’t know when I get paid by this source.
I lost $400.They were the cheaters very disappointed by their paying management. These people are started holding your withdrawal for more than I year. They didn’t pay me for the past 1 year. When I called to Paying management of the site they started ignoring my call. They don’t recognize my money as a liability for the company which they have to pay in the end.
Be Alert while doing an investment with them because at last, you would get nothing. Put your money on the safer platform.
CashFx is just promoting its fake schemes to grab the attention of investors. Do not ever take any wrong decisions investing with this source. You will not get proper accountability from this source.No one can falsely this statement that this company is doing fraudulent activities to their clients. And last, I had believed the fact that this company is not serious about their client investments. They don’t reply to their client’s problems and questions. Investors be careful with this source.
Avoid trading with these unreliable sources. They do not trustworthy for investments. I don’t know where to start. I started investing in this source. I learned by investing in this site that curiosity pulls people into this type of scam. I invested $1200 and Only once time they paid me properly when I asked for another return they started giving me excuses. And I’m not paid for 4 months. I’m still waiting for my pending money which this platform has to return to me. I keep messaging their emails but I don’t understand why they started giving me the same reply Which does not belong to my investments.
I want regulatory authority to expose these scammers whose intention is to put all money off the people and generate their own wealth.
Trust me they are groups of fraudsters. Nowadays some people were scammed by lots of fake investing websites. I invested money in this platform but whenever I want to withdraw my money This platform used to lock my access. I’m unable to draft any complaints and if I wanted to change my system setting I’m not capable of doing so. If someone started trading with them the other clients would also face the same problems which I face it.
I face a lack of transparency while investing with them. They put lots of technical hurdles in their website so, no one can get easy access and be unable to withdraw the money.
Tips for investors these sites had no advantages from investors’ points of view. I advise people that if they want to invest in this source then first do proper research about the website and then invest in it. Don’t trust them blindly.
Please don’t invest your money into this source because doing business will not satisfy you at any cost. Six months ago I invested in this platform. Even when you are registered in this company the individual who helps you to sign in to this company they were doing these activities for their profit.
He will now tell you different types of schemes and in this way that you have to consider you are doing smart moves while trading with them. This company is not economical for people who are looking for a better source of investment.
They don’t deserve any ratings but I can’t do anything about this problem.
I had invested in the different levels which the company offers to me. But from there to now I got nothing in my hand. I suffer a loss of $5000. I would recommend that this site give you nothing in return. While investing with them you are just wasting your time and money.
I’m not happy with the services. They will give you horrible services. This company is hell. They took my $XXX and now they were unable to give me back all my money. One thing I make clear to everyone is that you will not get any money even if you are filing complaints to the website of this source. This company is not made for small investors and never thought that this will make a huge investment for vulnerable investors. And the promise that they made all the tactics of the company to make people aware of their schemes.
Cash fx is a scam. They scammed many people and it is very traumatic when people talk about how they were scammed in the market. My money was stuck in this Ponzi Scheme. Never trust they were not a reliable source for investment.
They were not here to maximize your they were here to double-cross the investors. Try some reliable sources who care about your Interest.
Involvement of religion in his business is his latest business scam which can be predicted after the launch of his latest company Children 4 Christ.
In My personal experience, I was with CashFX for 2 years and invested a lot of money but didn’t get the promised returns even still I am waiting for my profits stuck in their accounts.
The most difficult part for the investors is to acknowledge the company’s past and current position in the market so we take the help of the reviews posted on the internet, but for your kind information, all those reviews are posted by their marketing team itself for showing their positive aspects.
The type of scams they are practicing and the way they have cheated thousands of users will have to suffer the consequences for their evil practices.
The game of recruiting new members and earning a commission based on the number of members you recruited is nothing but a waste of time due to their late payment issues none of the users have received any of the commission money yet.
I will suggest you not make any investment in USI Tech or any of the firm which is related to Justin Halladay who is in demand by the US legal authorities.
The government should look into these investors who are making a profit and filling their pockets after the citizens of their country, and they are not even filing complaints for taking some serious legal actions against these fraudsters.
He ran to the Dominican Republic after scamming people in the US and also getting trapped for investigation by US officials.
These MLM scams are working on the chain of including new members and then paying the previous members with the newly recruited members thus it is a complete game of foul play.
The moment when I read that these scammers ran to some other country after scamming people this makes me angry also why the government doesn’t ask the authorities of other countries to help the for handing them over?
Interpol should arrest him. He shouldn’t be allowed to open new companies and scam more people. There should be limits to such things.
Yes a seasoned ponzi pimp ! Please report him – he will only keep stealing! Hides behind religion! Lowest of low! I am a disciple of his and i admit to stealing but not on his scale! Regards Ponzi Pete
I’ve read numerous articles from certain investigation websites stating similar issues.
However, I’m not sure what to conclude since according to the Telegram groups, cfx is still alive and ready to launch P2C phase 2 with a different program and payplan.
Though most members have been waiting nearly 1 1/2 years for withdrawal payments, some in the few hundred thousands of dollars? They’re also starting to sign up referrals in the new Ap2c platform? I guess it’s just a wait and see.
Justin Halladay is among the biggest fraudsters out there. Because of him and cashfx, I lost so many friends and capital. They promised that we will get regular payments but they were lying. No wonder he ran off to some unknown countries. People here would eat him alive.
CashFX made me lose over a thousand dollars a month in 2021.
They are some of the most selfish and heartless people I have ever worked with.
I had no idea Justin was the man running everything. Glad to see some people are speaking out against the scammer.
“Get more recruits, get more recruits” I was so tired of hearing this from my upline.
I approached all of my friends, some of them even invested. None of us got paid.
CashFX was probably the biggest scam of the last few years. There needs to be a serious investigation into this entire scheme. Our agencies couldn’t be so incompetent!
You’re telling me that Justin has launched another company?! What about the investors of CashFX? Did he just forget about all of them?
I regret giving this guy my money. I was one of those gullible investors who were lured in by CashFX and its lucrative promises. They stole a couple thousand dollars from me.
Didn’t even get a penny in payouts from that investment.
CashFX stole from me. I had invested with them a while back and never got any payments. Justin Halladay needs to be put under arrest for defrauding so many people.