IX global scam and serial scammer

   Recent Developments (August 28, 2025) The Enforcement Directorate (ED) in India has recently made a significant move in the ongoing investigation: Assets worth ₹18.78 crore have been provisionally attached, including residential and commercial properties, fixed deposits, mutual funds, and more. With this latest attachment, the total value of seized, frozen, and attached assets now stands at ₹291 crore. These include cash, gold, real estate, hospitality assets, office spaces, agricultural land, vehicles, cryptocurrencies, and bank balances.  --- Background: Scam Structure and Investigation Timeline Operations and Fraud Mechanism: iX Global (also known as ONE X) ran a multi-layered operation involving 12 companies, 10 websites, and 9 mobile apps. It promoted 28-day forex automation subscriptions (US$115–185), investments in TP Global FX trading bots, NFTs (“CryptoLand” and “Debt Box”), and other unauthorised financial schemes. Funds were routed through mule accounts, she...

Disclaimer: The following article is based on publicly available information, victim testimonies, and sources claiming knowledge of the events. All individuals are presumed innocent until proven guilty in a court of law. Readers are advised to verify facts independently. Introduction Over the past several years, multiple investors across India and abroad have claimed to be victims of fraudulent investment schemes. At the center of these allegations is Prem Kumar Gopal Prasad Sharma , who has reportedly been involved with a series of companies and individuals accused of running illegal or unethical investment operations. This article investigates the alleged timeline of his activities, the people he worked with, and the pattern that has emerged. 1. Early Involvement: IX Global, TP Global, and Related Ventures Prem Kumar Gopal Prasad Sharma reportedly began his activities in the network marketing and investment sector through IX Global , a platform promising high returns. Within...

The FX Stock Corporation scam is a textbook example of how fraudulent investment schemes lure investors with unrealistic promises. Operated by Deepak Malik with partner Prem Kumar Gopal Prasad Sharma, this so-called investment company duped investors from India and abroad with the false promise of guaranteed 12% monthly returns. --- The Scam Structure The business model was deceptively simple: Pay a $100 “AI bot  Fee” to join. Invest any amount of money afterward. Receive 12% monthly profit, allegedly risk-free. Hundreds of investors, attracted by the promise of steady income, poured in their hard-earned savings. For nearly two years, the company processed withdrawals to maintain the illusion of legitimacy — a classic Ponzi tactic. --- The Collapse of FX Stock Corporation After two years, the scam reached its breaking point: Withdrawals were stopped without warning. But both of these scammers didn't stopped here and by help of prem kumar gopal prasad sharma in end on 2024 again inv...

BACKGROUND THE iX Global MLM : The case involving iX Global and its associated entities is a complex matter with international  ramifications, involving promoters operating from multiple countries. Currently, one Indian citizen,  Viraj Suhas Patil, is in judicial custody (JC) in Kolkata (he has access to the internet and phone in the  JC). Meanwhile, two other key individuals, Tushar Bhikubhai Patel (Indian) and Joseph Anthony  Martinez (US citizen), have been declared absconders. The individuals have orchestrated a complex web of shell companies and financial operations,  mobilising victims' funds through various methods, including asking victims to deposit funds into  multiple mule bank accounts in India, the US, the U.K., Africa, cryptocurrency wallets, money mules,  money changers, and hawala operators. Before launching iX Global: The three individuals, Joseph Martinez, Viraj Patil, and Tushar Patel, collaborated in a similar  MLM scheme: Kuve...

Overview: Is IX Global a Scam? Yes , there is substantial and well‑documented evidence suggesting that iX Global (sometimes stylized as IX Global) operates as a high‑risk, unregulated investment scheme that many experts and victims classify as fraudulent. Key Red Flags & Investigations 1. Unlicensed Financial Activity & MLM Structure iX Global promoted itself via forex trading automation and educational materials, promising guaranteed monthly returns between 5%–25%. Such returns are highly unrealistic and often indicative of a Ponzi‑style scheme . The company operated through a multi‑level marketing (MLM) model, encouraging recruitment of new investors to sustain payouts. iX Global lacked necessary regulatory registrations (e.g., with SEBI in India or financial regulators in the U.S.). 2. Legal Action & Enforcement Actions In India, law enforcement and the Enforcement Directorate (ED) took action after investor complaints. Authorities froze bank accounts, se...