IX global scam and serial scammer


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, seized assets (cash, gold, luxury vehicles, properties), and attached assets valued at crores of rupees. Over 25 persons/entities, including iX Global's promoters, were booked in FIRs involving approximately ₹35 crore of investor funds.
  • The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against iX Global and associated firm Debt Box, alleging a crypto‑related fraud of roughly US$50 million. Though procedural issues led to dismissal of the case and cost penalties against the SEC, the complaint itself underscores regulatory concern.

3. Victim Reports & Consumer Complaints

  • On consumer forums and Reddit, numerous users described withdrawal failures, deceptive promises, and aggressive promotion—some stating that investors were unable to get money out after initial returns.
  • As one user summarized on Reddit:

    “Withdrawal Problems: Many IX Global customers have had trouble withdrawing payments… Unrealistic Promises… Multi‑level marketing (MLM) Structure…”

Summary Table

Concern What It Means
Unregulated & Unauthorized No registration/licensing; not accountable to financial authorities.
Ponzi/MLM Model Payments likely derived from new investor funds, not real profits.
Legal Cases & Enforcement FIRs, asset freezes, and SEC suit—all indicate serious legal exposure.
User Complaints & Reports Common issues with withdrawals and suspicious promises of high returns.

 Who where accused of this scam

1. viraj suhas patil
2. prem kumar gopal prasad sharma
3. mangesh shindhe
4. savio perera 
5. ramesh choudhary 
6. harsh bansal
7. vilas raja
8. satish dubey
9. savita
10. nilesh dawkhare
11. ajit dhoke
12. naina bhati

What where there next scams

1. Fx stock corporation 
2. Infinity growth 
3. Bot father 
4. FXST

What are there existing scam

1. Apex capital 
2. Mapple tree
3. Blue habbis
4. OrbitX


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