AMFEIX Review  –  Ponzi Scheme  –  MLM Scam

Website & Company Information

The web domain of the company was registered privately on the 8th of February 2019 and was later updated on 2019–11–01. The website does not provide any information about the owner or the team behind the company.

The company terms itself as ‘ full-reserve investment bank built on decentralised encrypted ledgers’. Before we move on to the review, we must reveal a few things on the history of AMFEIX. They had a name change in March 2019. Before that, they used to go by the name AXB Financial.

The forwarded message shown below is from the CEO announcing the name change.

The reason behind this name change was that the CEO didn’t want people to misunderstand between his company AXB Financial and the scam company AXB Finance.

Here are some few points that you may want to know:

According to the CEO of the company, the AMFEIX fund began in 2017.


  • AMFEIX Twitter posts span back to October 2018.
  • AMFEIX Instagram posts span back to December 2018.

And according to the incorporation certificate of the company, AMFIEX was registered in the U.K on the 7th of October 2019.

So, there are a number of pointless claims by the company, and each one of them is contradictory to each other.

As much as we can infer, for now, the fund in its initial heydays under the name AXB Financial was in service at least as early as July 2018 and under the new name AMFEIX since February 2019.

The fund seemed legitimate; it advertised itself as being regulated by the FCA and was active since 2018.

As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.

AMFEIX Compensation Plan

As information gathered from the internet, the affiliates of the company invest in the fund on the promise of an average 23% Monthly ROI.

The Assets Under Management, also known as the AUM is currently 6,543 BTC or 75 Million dollars as of June 30, 2020.

They accept payments in the cryptocurrency — BTC. And, your bitcoins compound each day.

The minimum investment amount is 0.1 BTC which is equivalent to 1,153.41 United States Dollar.

AMFEIX Referral Program

The company also rewards its affiliates when their recruits invest in the company. All you have to do is create a wallet then grab your affiliate link and share it with someone who wants to invest.

Affiliates are rewarded with a 10% referral commission. This is how it works:

  • Investors receive 80% of trade profits while AMFEIX receives 20%. Affiliates receive half of the profit that AMFEIX receives. In other words, the 20% cut that AMFEIX receives is split 50/50 with the affiliates. The ratio for this is 80/10/10. 80% to investors, 10% to AMFEIX, and 10% to affiliates.

So for example, if AMFIEX generates a profit of $100 for Investor A, then Mr A gets $80, AMFIEX will get $10, and You (the affiliate) would get $10.

Affiliates are not under any obligation to deposit bitcoin to the fund in order to participate in the affiliate program.

Joining AMFEIX

Joining AMFEIX affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of 0.1BTC.

Deposits and Withdrawals are made via Bitcoin.


AMFEIX terms itself a ‘Bank’ and also markets its product as ‘Investment Management Fund’. The company claims of generating revenue through trading and have also regularly posted trading reports on its websites. But recently investors are complaining about halted withdrawals and fake CEO asking for money. 

Ponzi Logic Test

AMFEIX business model fails the Ponzi logic test. If the admins of the company are able to make 23% a month on an average, then why do they need your money? Can’t they just compound it and become the next Gates?

Threatens Users who criticize the company

In July 2020 it was reported that more than 500 withdrawal requests are pending. The company addressed its users via its official Telegram channel and cited technical difficulties for delays. It also stated that “members who show loyalty to AMFEIX will have priority” in the withdrawal process.

AMFEIX also distributed a new white paper describing several new policies that were previously undocumented. These new policies included a clause about defamation, and the company started contacting individuals from its corporate Telegram account to inform them they were in violation.

You are in violation of policies:

28. AMFEIX reserves the right to ban users if suspected of defamation.

To rectify the defamation situation an apology from the author (in the form of an article, published on official cointelegraph accounts), and removal of the current article will be necessary. Until it has not been resolved the verification process will have a perpetual pending status on the above addresses.

Illegally Offering Securities

The company is also illegally offering securities.

It does not have any registration with any financial regulator. Since it is offering investment opportunities without officially showing their registration with any financial regulator, it is also operating illegally.

Some other key information from independent researchers

There is proof that there are some people behind the company apart from the CEO:

a. Mohammed Hafeji (student/Lancaster University/Preston)

b. Aamir Patel (also Preston)

c. Jabulani Dlamini (former developer)

d. Ex Ceo: Jack Oliver Hudson

e. New Ceo: Jake Scanlan

f. Siddiq Musa / KPMG linked to Hafeji

g. Ali Bilaal 19-year-old British citizen

h. Milo McCloud / Marketing Director, owner of Paradox Consulting

The authorities are close to locating Mr Ali Bilaal who is known to be from Sheffield UK where he bought a Porsche supercar in June 2019.


There is now a person on the Telegram app claiming to be the company’s new CEO that is communicating directly with people and asking them to pay £580 to validate each persons’ identity. This is a scam.

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