Fazzaco's Lucky Draw Prize Was Illegally Possessed Before iFX Expo International 2021

The long-anticipated iFX Expo 2021 is set to take place soon. All the exhibitors are devoted to preparing for the event. Fazzaco, of course, is no exception. Fazzaco’s Cyprus team has prepared an iPhone 12 Pro Max worth €1299 and a Samsung Galaxy S21 Ultra 5G worth €1299 as prize for our lucky draw winners.

However, on Oct 4, 1 day prior to the event, a brand-new Apple laptop, along with the two mobile phones that are going to be awarded to prize winners, was stolen by a Germany called Ronny Scholz, who has refused to answer Fazzaco’s phone call or respond to Fazzaco’s email till now.

Ronny Scholz once worked for SF Markets, TIO markets and ForexTB. On September 22, he was hired by Fazzaco as the business development manager in Cyprus.

Fazzaco has already taken emergency measures and launched the backup plan. We have re-purchased the prize for our users so that our lucky draw activity can be run smoothly during the event. We’d send our heartfelt thanks to our friends in Cyprus and will keep them in mind forever.

We expose Ronny Scholz’s shameless act because we hope other companies will not suffer loss for a similar reason. We will keep track of this matter.

Honesty is a value that all of us cherish, especially in the forex industry. We have learned that similar circumstances occur repeatedly in the forex industry, so we think we need to do something to prevent them and protect the legitimate rights of employers. We call for a blacklist mechanism and will enforce it first. We will establish a new website where each company can register dishonest employees via API with privacy protection and enquiry features. We will explore more ways to benefit the long-term and sound development of the forex industry.