so recently i knew about triumphfx when one hawker friend told me he invested few hundreds into it and asked me to check the app. i immediately told him its a forex scam and just like jjptr, the faster you withdraw the better.

Few days ago, my father was asking for my ic and driver license saying that his good friend did some forex investment and need to open more accounts to invest more money, and in return we would get few thousands each at the end of year. and the fund was managed by russians who werent affected by war. fast foward today, i saw message on my dad's phone and another friend mentioned triumphfx, yuri and nicolai, then i was like wtf.

so basically, this good friend that is doing the forex investment has net worth of hundred millions or more, and stays in damansara heights in PJ. he got introduced on triumphfx by a doctor who he has been seeing and known for more than 10 years. He threw around few hundred thousands into this scheme and almost got back the capital in a year. the doctor kept telling him how he earns consistent profit for more than a decade (obviously a lie, since triumph fx never started in 2009, but on singliword from 2014-2015 in which after they failed they renamed to triumph fx and fabricated its origin of 2009. He got convinced so hard that the russians were actually doing legitimate fx trades. He himself is managing director of an engineering firm, and probably has poor knowledge on how FX trades work.

now he is preparing to invest like usd 1~2m, thats why he has been collecting IC and driver licence from friends, family and his employees, since the agent dealing with him told them the russians fund manager would prefer giving chances for poor people to earn money therefore there is a limit of max deposit on each account.

I show my father today about the lawsuit of both the directors of singliworld and that their old company triumph global (asia) limited was just renamed and rebranded with same website tfxi.com. hopefully this uncle wakes up from this scam. im pretty sure they have been waitiing to fish whale like this, and the moment someone throws millions or multi million thats the time the ponzi is burst.

whats funny is i check various thread here in lowyat and the internet and saw someone mentioned it started in PJ, and some doctors invest alot, and its very true, most of the wealthy people without FX knowledge can easily fall into this scheme.

if my father friend has still got some common sense and stop investing into this ponzi scheme, you can imagine how shitty all the scammers will feel, seeing a whale that is hooked got away from it in the end.

This post has been edited by darksider: Sep 16 2022, 11:48 PM

do you mind explainig whats wrong with the picture?

i have never done forex trading, all i know is that its a zero sum game, and that having 0-20% annual ROI is already top, while most people are on the negatives. only way to win big and consistently is knowing insider story of all sorts of sanctions, embargo etc like how russian ruble crumbled in 2014.

with so many forex broker scams all these years in malaysia its not hard to know they just use modified MT4 to display all the fake profits, but people are usually blinded by the short term gains, no matter rich or poor.

10 years ago i was exposing some scams in penang that recruited young kids to wear cool clothes, branded watches and sports cars, and today u still have this scam, but now targetting big fishes that are ignorant.

This post has been edited by darksider: Sep 17 2022, 12:20 AM

Like the few friends of my father actually believe the ghost trader aka Yuri and Nikolai to be real people doing trades. And talk about how Russian wars didn't affect them, and that they are compassionate as they don't allow big amount deposit into one single account, and if you want to invest big amount you need to make multiple accounts, thereby taking care of the poor peasants like jjptr. One is owner of an engineering firm with 500 or more employees, one is general manager of an healthcare appliances mnc.

This post has been edited by darksider: Sep 17 2022, 10:54 AM

https://www.channelnewsasia.com/singapore/s...t-fraud-2591016

In fact, Triumph Global and Union Markets were not connected to a single liquidity provider to trade foreign currency, and did not hold any capital markets licence to carry out leveraged foreign exchange trading, argued the prosecution.

By May 2015, Singliworld's liabilities had exceeded US$17 million (S$23 million).

"In reality, there were no such genuine traders, no such genuine trading, and no such genuine trading returns," said the prosecution.

"Investors were sent daily statements falsely purporting to show that the trades therein had genuinely taken place."

page 18
https://www.slideshare.net/JeffreyYong/sing...x-english-short


still need to argue and feed the trolls? the ponzi will fail soon, a tycoon in PJ malaysia already invested RM18.7 million (4m usd) into ghost traders nicolay and yuri, dont think they will ever let him get back these massive gains

an uncle who invested $300 usd 15 months ago into triumphfx tried to withdraw yesterday after his agent came to pursuade him to invest more, today his triumphfx app cannot connect to the server, showing only balance and nothing else.

This post has been edited by darksider: Oct 3 2022, 06:06 PM

hawker friend now cannot even access his triumphfx app, keeps loading there. 330 usd on balance, 300 usd on trading account. his upline came around 3 days ago, pursuading him to invest $500 usd, but instead he told his upline who is a retired teacher (lady) that he wants to withdraw $300, now 3rd day already, app still cannot enter, and no news about withdrawal. whatsapps the lady, listened already no response

i joked with him that at the end u cant even get back what you invested in which is $300. 15 months it now grows to $300 + $330.

Still have idiots discussing legitimacy of triumphfx? The hearsay that it has been ggenerated profits for 13 years or 9 years are all just marketing by uplines to attract those newcomers. Now they got so many rich people from PJ to put money into this ponzi they can last longer or just close if there is no more big money thrown in.

aiya. triumphfx in the news again. penang bmw driver who killed an auntie via speeding is triumphfx team leader in pg.

driver 27 years old. drive bmw. hoot aunti from back in taman road. but open face tell lies say he drive slow.

lucky got cctv.

bribe kwang wah now kwang wah let him do 'interview' he say like its not his fault

no wonder his parents kena hantam even when police are nearby. he destroyed dash cam record according to bystander. in court first say got dashcam then change word say no dash cam.

https://forum.lowyat.net/topic/5378726