My group of friends are aware of low chance of getting anything back. All spent by MIB / UL.

We cannot stand our UL (and his UL), who continue to drive nice car and say don't blame management and compare ponzi scheme with bitcoin early days.

The complaint to SC and BNM seems to focus on MIBs / UL, and follow money trail. So we join in and test water


Triumphfx cyprus themselves publish a report saying they have zero assets. They are a shell company in Cyprus, and Seychelles. If seychelles is real as fund manager, they have to trade through a broker in Cypus

extract taken below. Hamsters need to organise and follow the money.



tfxiblog.wordpress.com/2022/09/17/triumphfx-has-zero-trading-and-no-client-assets/

Facts: TriumphFX only obtained its investment license in Jan 2016 (page 6). It has 7 employees (page 8). These 7 employees include 4 directors. Total senior staff salary paid is EUR164k (page 22). They lost EUR464k last year (page 34). Accumulated LOSSES over the firm’s entire life is EUR3.4 million (page 38). If we dive deeper into the extremely simple balance sheet of Triumph Int (Cyprus) Ltd (page 38 and shown below), the total assets of the company is only EUR234k with the bulk of it held as cash (EUR124k). Shareholder equity is EUR196k. For those more adventurous, page 42/43 explains how much funds need to be set aside to manage risks of things going wrong for clients. As of 31 Dec 2021, TriumphFX declares they only need EUR9 (compared to EUR2, the year before). EUR9 bucks to support client business, not thousand. This is not a typo.


Interpretation: Remember TriumphFX works with the world’s greatest funds managers that no one has ever heard of? Yet, TriumphFX lost money in 2021, and never made money over the entire life (accumulated losses) and have a cash balance barely enough to pay their 7 employee salaries in 2022. The balance sheet is SCARY, not because they take too much risk. It’s because they seem to take NO RISKS. They also admit they don’t hold any client assets. May be part of it is hidden in other payables, which is still a very small number. They also declare they need less than EUR9 to support the client capital and any risks they manage. That’s 9 bucks, or 2 cups of starbucks coffee in Cyprus. Where did investors money go? For sales uplines, do you know what you are selling? Did any money even go to Cyprus?

Yeah, sounds like it. Don, Song and Apek laughing all the way to the bank.
Should gather a group and go to Michael Chong. At least make it public awareness eventhough authorities can't or won't do anything.

Maybe you can think in the way:

Regardless, the authority can do anything but as a victim, they should report it to the authority. Justice is not always served. But those are victime's hard earn money, and if they care about their money then they should put in effort try to recover it back, or make the UL suffer.

Go find Uncle Micheal, he will advise the next steps.

yes,...just do it.
IF they think that can make them feel better by reporting.
at least reporting it is MUCH better than just sitting quietly and do nothing.

The moment when they moved all the money to crypto, the value will move based on the market. From that moment, they are free from legal liabilities. You can't report someone because the price of bitcoin drops. Investors should have reported them way earlier. I'm surprised that investors hope the value to go up when there is no fundamental at all by hoping others to pump in money? Anyway, we already spread the awareness 6 months ago, but I got bashed pretty hard. Better not to comment further. Good luck.

Investor also compare their ponzi coin with Bitcoin lol

Really retarded. Ponzi already collapsed ask people to put in another 20k USD. Not RM.. but USD.

Brainless

This post has been edited by vapanel: May 11 2023, 02:38 PM

can lah...even sendiri bankrupt must also save tfxi first

who the founder is? dunno

where the money is? dunno

where the physical office is? dunno

when townhall meeting with investors? dunno

when can get back 1: 1? dunno.

Yes that's the major problem

They don't even bank in to TriumphFX account.

How to get back their money ?

even a normal person knows cct cant save tfx

thief funny leg kang kang still want people to buy cct?




Attached thumbnail(s)

There are much more reliable PAMM brokers out there than Triumph.
The last announcement stating they will not implement PCS is tantamount to admitting they have liquid problem.

For people who still have doubt whether Triumph is a scam or not. Just think about it, they say they buyback USD 10 million everyday.
If true, do you really think the value of TFX coins would be below 0.020 (last time I check, could be lower or slightly higher).

I never put a single cent into this scheme. Just happen to know some relative who open an account for me.

This post has been edited by Computer^freak: May 11 2023, 05:38 PM

Open Account using your details? later he put downline to your account....you might kena if Authorities finally investigate one day.

That's why people don't protect their data. Later will regret

Moral of the Story: never ever let anyone borrow your IC and name for anything. Relative, father, mother, son, wife all can fark off.

Yes 💯 never ever do that

The person might think it's harmless because they trust TriumphFX

But actually TriumphFX might sell your IC and data to darkweb

Quite the surprise seeing Mr Bimal still taking the challenge of 'fixing' TFXI's system. Met him last year and I have to admit, there's no reason for someone as bright as him to even pursue this cause any longer. He doesn't even need this ROI from TFXI to make his living (IYKYK). At this point it just seems like he's trying his best to help out his downline and those who are close to him.

Yes, he may not need those ROI from tfxi to make a living, but any idea how much of his money are inside tfxi in Dec22 that got converted to tfx coins?

Many had mentioned, ...if did not need the roi, just let those roi to compound every cycles....at just abt 7% roi every cycles, 1k will become abt 1 million after 10 yrs... 10k = abt 10 millions, 100k = abt 100 millions.
This tfxi had funds dating back to 2013 that are still running till today.

This post has been edited by MUM: May 11 2023, 11:58 PM

What I can say is life is a learning experience - I tell this to all my trainees that I am still learning all the times.

When I was introduced to TFXI the very first time, promising insane consistent returns every cycle, I straight away told my friend that it's a Ponzi scheme!

This was when I first joined this forum back in August 2022 if I am not mistaken.

You can't fix a Ponzi system and if he is as bright as you said, he should know this! Unless of course, he is trying to proof that it's a Ponzi scheme in the first place.

I don't know ... there are so many fakes - returns, trades, FM, accounts to receive and to transfer fund, coins, number of members, etc ... who knows even anyone can be "faked" as a delay tactics.

What's real is that this forum has been warning public with facts to the extent that we been laughed at (who is having the last laugh now), accused of being jealous (which I can assure you none as we are not losing money while victims are - in fact it should be the other way round, the victims should be jealous of us for not losing anything), even gashout has a bounty on his head 😂

This whole episode has been entertaining for us here and we will continue to make sure this forum stays as popular as possible.

There's nothing to fix. He's smart. Now he's everyone's idol. If he promotes next forex scheme. He will have many DL under him.

The day he says tfx is real cause they've a license and 10mil is real. His IQ goes down the drain.

Liez Picher insists IT IS NOT A SCAM

https://www.change.org/p/to-approve-triumph...ate&utm_term=cs