Spain’s Nationwide Markets Fee (Comisión Nacional del Mercado de Valores) issued a warning about securities fraud involving Xifra International.
The Xifra Life-style Ponzi scheme was relaunched this yr as Decentra, and Xifra International is a subsidiary of that firm. Based on the CNMV’s warning of June twenty seventh, Xifra Globalis lacks the required authorization to supply the funding companies, resembling funding counseling, outlined in Article 140 of the Spanish Securities Markets Act.
In sure international locations, this may be thought of a safety fraud warning.
The web site referred to as Xifra International is definitely a canopy for Jonathan Sifuentes’s late-2019-launched Ponzi scheme, Xifra Life-style.
In November 2020, the CNMV issued a separate fraud alert for Xifra Life-style safety. In April, Xifra International stopped sustaining its social media presence. Coincidentally, this happens simply as Sifuentes rebrands Xifra Life-style as Decentra.
When Mexican authorities tried to apprehend Sifuentes in January 2022, he escaped to Dubai.
Sifuentes has additionally been sued for securities fraud in the US. Securities fraud alerts have been additionally filed by Philippine authorities towards Decentra final month.
Following this, 19 Decentra affiliate promoters have been arrested. After escaping to Dubai, Sifuentes has not been seen in public.
Decentra has not commented publicly on the warnings it issued about securities fraud or the arrests of its promoters within the Philippines.