EXFUSION, NEO.FX, TAGMarkets: A Traveling Circus?
In our previous report, we critically examined the system behind TAGMarkets – particularly in light of the official warning issued by the Austrian Financial Market Authority (FMA). The authority explicitly advises against conducting business with TAGMarkets or its associated companies, as they lack the necessary licenses for financial or securities services in Austria. Despite an offshore license in Mauritius, the entity lacks a regulatory foundation within the European Union.
In the following report, we take an expanded look at the network surrounding TAGMarkets—from the BEYOND Conference in Dubai to the interplay between NEO.FX, EXFusion, and the key actors involved.
TAGMarkets, EXFusion & the BEYOND Conference in Dubai: Familiar Patterns
The BEYOND Conference in Dubai was staged as a milestone event. Under the motto “One System – 3 Incomes,” an integrated model consisting of trading, exchange, and payment functions was presented. The visual language was clear: growth, internationality, and exclusivity.
In such contexts, Dubai frequently serves as a projection screen for global reach and success. However, a stage is no substitute for regulation, and an event cannot replace institutional oversight. Notably, the presentations focused less on regulatory transparency or risk management and emphasized scaling, community expansion, and income structures instead.
The Interplay: TAGMarkets, NEO.FX & EXFusion
At its core, the model consists of a structure based on a division of labor:
TAGMarkets acts as the offshore broker based in Mauritius – we have already reported on its offshore license serving as a “fig leaf.”
NEO.FX is marketed as an automated trading or copy-trading solution.
EXFusion forms the community and distribution structure.
Operative account management is handled via TAGMarkets. NEO.FX serves as the marketed trading strategy within this infrastructure. Meanwhile, EXFusion organizes bootcamps, training, affiliate structures, and community expansion—following familiar patterns previously seen in schemes like Lyoness/Lyconet/MyWorld or Safir/ZENIQ, XERA, XPRO, and CONNECT.
For outsiders, this separation is rarely transparent. Economically, deposits and trading activities converge within the broker structure, while marketing, training, and recruitment take place outside of actual financial intermediation. The result is a closed ecosystem with multiple entry points—technically linked and sales-integrated, yet regulatorily fragmented.
The “Traveling Circus” of Fintech Scams: Old Faces, New Logos
The continuity of personnel is particularly remarkable. Names such as Michael Baur, Werner Kaiser, Asker Sakinmaz, Benjamin (Benni) Heimberger, Peter Santer, or Ronald Weissensteiner surface in various, partially heavily criticized projects over the past years. The products change; the narratives remain: Community building. Early entry phase. Exponential scaling. Multiple income streams.
Legally, past involvement in controversial models is not proof of current misconduct. However, from an analytical perspective, a pattern emerges: as projects disappear or lose momentum, the sales actors switch platforms. In the grey market economy, it is often not the brands, but the individuals who represent the actual constant. This rotation of personnel paired with consistent rhetoric serves as a significant red flag for investors.
OneCoin, DAO1, and now EXFusion: Benjamin (Benni) Heimberger
According to information available to us, Benni Heimberger appeared in the orbit of OneCoin in 2016 and was announced as a speaker at various sales events. OneCoin was later internationally classified as a fraudulent crypto system, leading to criminal proceedings against central figures. In subsequent years, Heimberger also appeared in the context of DAO1, another crypto-based community investment model. Both stages are part of his publicly traceable sales track record in high-risk crypto and financial projects. He now serves as a speaker for EXFusion.
SKAINET Systems: Michael Baur
Michael Baur previously appeared as a presenter and sales actor for Skainet Systems. Promoted as a technology- and blockchain-oriented project with a network structure, Skainet Systems lacked any discernible regulation as a financial service provider—we previously reported on Skainet as a point of focus. His involvement follows a series of engagements in marketing-driven, digital financial business models heavily reliant on community and distribution building.
WeWeGlobal, Xera, XPRO & CONNECT: Peter Santer & Ronald Weissensteiner
Two additional names frequently resurface in our research into crypto and financial scams: Peter Santer and Ronald Weissensteiner. They have appeared multiple times as speakers or network partners in various marketing and financial projects. Publicly documented appearances range from WeWe Global to XERA, XPRO, and Connect, extending to recent presentations for EXFusion/TAGMarkets. The recurring presence of the same actors across different, partially controversial business models is an investigative pattern that must be considered when evaluating such offers.
The EXFusion Roadmap: Growth as the Top Priority
The 2026 roadmap recently presented in a video call speaks a clear language: targets of 30,000 to 100,000 community members within a year, alongside turnover targets in the triple-digit millions.
What stands out is not the ambitious growth itself, but what remains uncommunicated: there are no clear regulatory milestones in EU jurisdictions, no transparency regarding capital reserves or risk management, and no detailed compliance strategies. Instead, terms like “Leadership Summits,” “Bootcamps,” “Academy,” and “Community Chapters” dominate. The vocabulary is more reminiscent of a scaling affiliate system than a regulated financial institution. Growth is the priority; institutional anchoring is not.
The Alliance of Bit1 and EndoTech: Technology or Trick?
During the presentations, a close alignment between Bit1 (also known as BITONE) and EndoTech was communicated. In some instances, there was even talk of a “merger.” However, no classic corporate merger is publicly traceable. Rather, all signs point to a technological partnership: Bit1 provides the exchange infrastructure, while EndoTech delivers AI-based trading algorithms.
EndoTech is an Israeli fintech company that develops algorithmic trading strategies operating via API connections. It does not act as a broker or custodian of client funds, but as a technology provider.
Conclusion: Complexity is No Substitute for Regulation
What emerges from the conference, roadmap, personnel structure, and tech partnerships is not a classic broker, not a pure exchange, and not an isolated trading tool. It seems to be an integrated sales ecosystem with a financial link.
The priorities are clearly identifiable: community scaling, distributed income streams, international events, and aggressive growth. What is missing are details on European regulation, transparency of ownership structures, traceable capital protection, and a clear liability architecture.
The more complex a system becomes, the more important clear responsibilities and oversight become. This is precisely the critical weakness here. For investors, this requires a sober assessment: anyone entering such a construct is not just investing in a product—they are investing in a network whose stability depends heavily on growth, marketing dynamics, and personnel continuity. In a regulated financial market, trust is institutionally secured. In a marketing-driven ecosystem, it has yet to be earned.
Note:
This article is a journalistic analysis. It is based on publicly available sources. It is not a legal assessment or financial advice. All assessments have been researched to the best of our knowledge and are marked as opinions within the meaning of Art. 10 ECHR / Art. 5 GG. Counterstatements will be taken into account in accordance with § 56 RStV.
Sources:
- Screenshots und Chatlog-Material (Telegram/WhatsApp, 2024–2026) archiviert.
- Vollständige Aufzeichnung des Exfusion-Calls vom 23.02.2026
- Own Verification (Editorial Team)
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