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Author: Admin | 2025-04-28
IX Global, its CEO and several promoters have been sued for securities fraud by the SEC.Between iX Global and its Debt Box ruse, the SEC’s July 26th filed Complaint names eighteen defendants.iX Global launched in 2020 and is headed up by US national Joe Martinez.Prior to launching IX Global, Martinez was a promoter of Investview’s fraudulent Kuvera Global investment scheme. iX Global’s top promoters and earners are also former Kuvera Global promoters.Investview rebranded Kuvera Global as iGenius after the CFTC filed fraud charges in 2018.iX Global’s original business model combined a personal development platform and an AI trading bot investment scheme.At least two other MLM companies were fed into iX Global since its launch.In 2021 Richard Smith dumped what was left of his failed R Network MLM company into iX Global.In March 2023 Cory Kromray did the same with Driven Trading.Neither Smith or Kromray are named defendants in the SEC’s iX Global lawsuit.In 2022 iX Global partnered up with Debt Box. This partnership saw iX Global investors invest in “x-node” positions.X-node positions purportedly generated passive revenue for iX Global investors through crypto mining and various ruses.Defendants have represented that the value of each crypto asset is tied to profits generated by various underlying businesses performing, inter alia, gold mining, oil drilling, satellite scanning, beverage sales, and other so-called “commodity projects.”The SEC alleges iX Global’s x-node positions were an “unregistered fraudulent offering”.The SEC’s July 26th Complaint, filed in Utah, names eighteen defendants:Digital Licensing Inc (dba Debt Box) – Wyoming registered companyWestern Oil Exploration Company – Nevada registered company, owned by James FrankliniX Global – MLM company offering fraudulent investment contractsB&B Investment Group (dba Core 1 Crypto) – Utah registered company, owned by Benjamin Daniels and Mark SchulerBW Holdings LLC (dba The Fair Project) – Utah registered company, owned by Alton Parker, Benjamin Daniels and Mark SchulerJason R. Anderson – co-owner Debt Box, Utah residentJacob S. Anderson – co-owner Debt Box, Utah residentSchad E. Brannon – co-owner and President of Debt Box, California residentRoydon B. Nelson – co-owner, Director and Treasurer of Debt Box, Utah residentJames E. Franklin – founder and President
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