ScamCrypto Forum Forums Scam Reports and Alerts Scam Alert for Users and Potential Victims of iteachfx.com

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      An urgent caution is extended to individuals involved with or considering involvement with Shaun Godinez and his offerings through iteachfx.com. A disturbing account has surfaced detailing a scam involving a supposed AI indicator for Forex trading and broader allegations of fraudulent investment practices.

      Key Details of the Scam:

      • Fraudulent Website: https://iteachfx.com
      • Contact Email: mentorship@iteachfxinstitute.com
      • Contact Number: (562) 566-5850
      • Scammer’s Location: Whittier, CA- 90605
      • Reported Loss: $3,636 (with a total of over $14,000 paid)
      • Scam Type: Forex Trading and Investment

      Victims report being sold a product that promises to enhance their Forex trading outcomes, only to receive it late and find it lacking as advertised. Attempts at refunds are rebuffed with excuses that the dissatisfaction stems from misunderstanding or misuse, and no contractual basis for refunds is provided.

      Further allegations involve Godinez scamming investors by taking large sums of money to create trading accounts, which he then manages, contrary to the terms of service stipulated by the broker accounts that prohibit trading on behalf of others. This arrangement includes non-disclosure agreements preventing investors from discussing their accounts, alongside memberships costing between $5,000 to $8,000 that fail to deliver on educational promises or payouts.

      If you have had similar dealings with Shaun Godinez, iteachfx.com, or any related entities, sharing your story could be critically important. Your input may aid in collective open-source intelligence (OSINT) efforts to uncover the extent of these fraudulent activities and potentially help others avoid becoming victims.

      This post aims to alert the community to this operation’s predatory practices. By bringing these stories to light, there is hope that those affected can find a measure of support and, ideally, recourse against such scams.

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