iX Global, launched in 2020 mid-pandemic with the mission to innovate, inspire and impact people globally. iX, led by marine veteran Joe Martinez, started with a focus on personal development and quickly grew into a global community during a challenging time for professionals in the network marketing industry due to the lockdowns.
As the company gained momentum and expanded internationally, the focus turned more into financial education, housing a multi-lingual team of trading educators.
In 2022 iX Global started venturing into the distribution of blockchain technology products which pushed the growth of the community and of the revenue. And raising the flag of innovation and with a motto of freedom and decentralization, iX achieved top rankings in the industry, creating a powerful leadership community and top industry earners.
After 3 years of successful operations, hundreds of millions of dollars in revenue and paid commissions, hundreds of thousands of lives around the world had been impacted, by the community, by the education, by the business, and by the products.
But their momentum was about to take a hit, as fresh out of a successful expansion phase, in June 2023, iX Global was enjoined in a lawsuit against a third-party product. A messy performance
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Judge Dismisses SEC Case Against iX Global Orders $1.8 Million Fee Payment
by Team Business For Home • • 0 Comments
A federal judge has ruled in favor of iX Global and Digital Licensing, known as Debt Box, in the civil case brought by the United States Securities and Exchange Commission (SEC). Judge Robert Shelby, presiding over the U.S. District Court for the District of Utah, ordered the SEC to pay approximately $1.8 million in attorney and receivership fees.
The ruling, issued on May 28, mandates the SEC to cover $1 million in attorney fees and costs, along with $750,000 for receiver fees and costs. This decision came concurrently with the dismissal of the case without prejudice.
Judge Shelby’s order stemmed from a prior March ruling, which determined that the SEC had engaged in bad faith conduct regarding a temporary restraining order aimed at freezing iX Global’s assets. Subsequent filings revealed inaccuracies in the commission’s information, prompting the threat of sanctions against the SEC.
In response, the judge imposed sanctions on the SEC, requiring them to bear all attorney fees and costs resulting from the improperly obtained relief. Judge Shelby deemed most of the defendants’ requested costs as appropriate, with the exception of a $649 fee.
“This marks a significant victory for the Direct Sales industry,”
remarked Joe Martinez.
The SEC’s lawsuit, filed in July 2023,
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Major Victory For iX Global Against SEC
by Team Business For Home • • 0 Comments
The SEC in the USA has lost their case against iX Global and DEBT box as the SEC has presented false statements to the judge, with the objective to get a court order to close down iX Global and DEBT Box. The SEC is ordered to:
“The Commission (SEC) is ORDERED to pay Defendants’ and Receiver’s attorneys’ fees and legal costs arising from the TRO and the Receiver. Defendants and Receiver are ORDERED to file within 30 days petitions for fees clearly setting forth their requests in accordance with the court’s guidance in this order.”
In Summary:
Though the Commission had sufficient information to know its representations about account closures were false and misleading at the time it sought the ex parte TRO, Defendants put the Commission on notice of additional facts undermining these statements in their Motions to Dissolve.
For example, the DEBT Box Defendants highlighted, consistent with Zaki’s information, there were no account closures in July 2023 and then provided evidence demonstrating banks—not Defendants—were responsible for the account closures in 2021 and 2022.
Similarly, the iX Global Defendants provide evidence demonstrating the bank, not Defendants, was responsible for the June 2023 account closures the Commission prominently featured in its argument for irreparable harm.
It
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SEC Asked USA Court To Dismiss iX Global Case
by Team Business For Home • • 0 Comments
The SEC stated to the USA Court in a response on January 30, 2024.
“For the foregoing reasons, and those in the Commission’s Response to the Order to Show Cause (Dkt. 233), the Commission respectfully submits that sanctions are not warranted and that the Court’s Order to Show Cause (Dkt. 215) should be discharged.”
For the reasons given in the Commission’s Response to the Order to Show Cause, the Commission respectfully submits that the statements identified in the Order to Show Cause do not warrant sanctions under Rule 11 or the Court’s inherent authority. (Dkt. 233 at 8-20.)
While the Commission recognizes that its attorneys should have been more forthcoming with the Court, sanctions are not appropriate or necessary to address those issues. Significantly, the Commission is continuing to take steps to address the issues the Court identified and to identify any other issues that may warrant further consideration.
As indicated in the Commission’s Response, experienced trial attorneys from the Commission’s Denver Regional Office have been assigned to this matter. (Id. at 1; see Dkt. 234-236.) That team is reviewing the allegations and evidence in this matter.
Given this ongoing review, the Commission has determined that the best way to proceed is to dismiss
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The SEC In The USA Acknowledge Errors In The iX Global – D.E.B.T Box Case
by Team Business For Home • • 0 Comments
IX/D.E.B.T. v S.E.C. Update December 2023:
Introduction:
“On October 6, iX Global achieved a monumental win in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
In a recent TRO hearing, the presiding Judge made the crucial decision to dissolve the Temporary Restraining Order (TRO) previously levied against iX Global and DEBT Box.
The Court’s decision comes after scrutinizing the evidence presented and recognizing discrepancies and potential misrepresentations in the SEC’s complaint.
The importance of this hearing was underlined by the presence of Tracy S. Combs, Director of SEC’s Salt Lake Regional Office, who was summoned by the Judge just hours before the hearing. The Court’s stance was clear – maintaining the highest standards of accuracy and fairness in all proceedings.”
As of December 2023:
The SEC’s acknowledgment of errors in the case has raised concerns about accuracy and transparency. Key points include:
Shortcomings in Duty: The SEC admits to falling short in accuracy and candor to the court.
Inaccurate Representations: During a hearing, SEC counsel made inaccurate statements, and these were not corrected when the errors were later identified.
Failure to Differentiate: The SEC did not clearly distinguish between factual statements and inferences, leading to potential misunderstandings.
Lack of Direct Evidence: Certain claims by the SEC, such as attempts to move
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Kevin Thompson And Joe Martinez – CEO iX Global Interview
by Team Business For Home • • 0 Comments
Recently Kevin Thompson, the MLM attorney and Joe Martinez, CEO iX Global came together for an interview.
Kevin Thompson is an MLM attorney, proud husband, father of four and a founding member of Thompson Burton PLLC. Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing.
On October 6, iX Global achieved a monumental win in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
In a recent TRO hearing, the presiding Judge made the crucial decision to dissolve the Temporary Restraining Order (TRO) previously levied against iX Global and DEBT Box.
The Court’s decision comes after scrutinizing the evidence presented and recognizing discrepancies and potential misrepresentations in the SEC’s complaint.
The importance of this hearing was underlined by the presence of Tracy S. Combs, Director of SEC’s Salt Lake Regional Office, who was summoned by the Judge just hours before the hearing. The Court’s stance was clear – maintaining the highest standards of accuracy and fairness in all proceedings.
“We are gratified by the Court’s decision, which we view as a validation of our unwavering commitment to transparency, innovation, and community values,”
said Joe Martinez, CEO
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DreamTrips Unveils Game-Changing Partnership with iX Global: Where Education Meets Vacation
by Nicole Dunkley • • 0 Comments
DreamTrips, the #1 curated travel club and a global leader in innovative travel experiences, is thrilled to announce a groundbreaking partnership with iX Global, ushering in a new era of travel and education integration. This exciting alliance is designed to reshape the way the world travels and learns.
The remarkable enhancements resulting from this partnership are set to transform the DreamTrips experience on a global scale, introducing a cutting-edge digital platform featuring open-source communities known as “tribes.”
These tribes empower travelers to select from a diverse array of communities tailored to their interests, ranging from culinary enthusiasts and self-development seekers to parents and adventure enthusiasts. As the #1 traveler club, DreamTrips takes pride in offering these open communities, providing travelers with an unparalleled travel and educational experience.
Specifically, this partnership opens the door to curated trips with an educational focus, combining the thrill of exploration with the enrichment of learning. Travelers will have the opportunity to delve into local cultures, history, and expertise, enhancing their journey through in-depth workshops, classes, and experiences. This transformative approach to travel and learning is at the heart of DreamTrips’ mission.
“By merging education with travel, we aim to provide our members with a holistic experience that transcends
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iX Achieves Significant Legal Victory as Court Dissolves Temporary Restraining Order
by Nicole Dunkley • • 0 Comments
On October 6, iX Global achieved a monumental win in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
In a recent TRO hearing, the presiding Judge made the crucial decision to dissolve the Temporary Restraining Order (TRO) previously levied against iX Global and DEBT Box.
The Court’s decision comes after scrutinizing the evidence presented and recognizing discrepancies and potential misrepresentations in the SEC’s complaint.
The importance of this hearing was underlined by the presence of Tracy S. Combs, Director of SEC’s Salt Lake Regional Office, who was summoned by the Judge just hours before the hearing. The Court’s stance was clear – maintaining the highest standards of accuracy and fairness in all proceedings.
“We are gratified by the Court’s decision, which we view as a validation of our unwavering commitment to transparency, innovation, and community values,”
said Joe Martinez, CEO & Founder of iX Global.
“While we respect the regulatory role the SEC plays, it is vital for the truth to prevail. Today’s decision is a testament to our continued dedication to uphold our guiding principles.”
The recent ruling has strengthened iX Global’s resolve to continue its mission of innovating, inspiring, and decentralizing access to strategic education and groundbreaking
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iX Global Response On SEC Allegations In The USA
by Team Business For Home • • 0 Comments
According to an iX Global press release, this letter was created for iX Global Brand Ambassadors and the response of Joe Martinez – CEO iX Global.
“As you may have read, on August 3rd, D.E.B.T was served a civil lawsuit by The Securities and Exchange Commission, headquartered in Salt Lake City. Additionally, as mentioned in the SEC press release, iX Global was also named in the lawsuit.
We can assure you that iX Global has been fully committed to due diligence, compliance and transparency as an education and marketing company fostering education and innovation.
Based on our own experience as a marketing company, we have not been exposed to any evidence that would cause us to question the integrity in the operations of D.E.B.T. Box or the validity of their software technology. Yet our position is, as it always has been, that we are a reseller of D.E.B.T. mining software and or hardware.
We Do Not offer any guarantees of ROI.
We are very clear in our disclaimers on every call, every zoom, etc. that getting involved with crypto is unregulated and risky. Never risk more than you can afford to lose, past performance does not guarantee future results, and most importantly educate
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iX Global Hosts 3rd Anniversary Celebration In Punta Cana
by Team Business For Home • • 0 Comments
Recently top leaders from around the world gathered in Punta Cana, Dominican Republic to celebrate iX Global’s third anniversary as part of the Awaken incentive trip program.
From April 28th to May 2nd the incentive trip award earners relaxed at the Hard Rock Punta Cana all inclusive resort while spending time with iX Global executive staff and other top leaders, and celebrated the accomplishments of the company over the last three years.
iX Global has been on an incredible trajectory since its inception in May of 2020, generating over four million dollars of sales during that pandemic stricken year. In 2021 the growth continued with iX Global exceeding twenty two million dollars in revenue during its first full calendar year.
2022 has seen iX Global continue its meteoric rise by reaching $207 million dollars in sales revenues, setting the stage for the three year celebration in Punta Cana.
The trip began with a welcome dinner and birthday party on the first night of the event, where CEO and Founder Joe Martinez was able to recognize both the accomplishments of the company as well as many of the field leaders and corporate staff that have been integral to iX Global’s success during this formative period.
The