BTC / USD
22,686.43
2.24%
(-520.15)
ETH / USD
1,631.32
2.53%
(-42.37)
XRP / USD
0.39
1.85%
(-0.01)
LTC / USD
96.55
4.46%
(-4.51)
EOS / USD
1.07
2.99%
(-0.03)
BCH / USD
130.24
3.5%
(-4.72)
ADA / USD
0.39
2.36%
(-0.01)
XLM / USD
0.09
2.19%
(-0)
NEO / USD
9.24
1.26%
(+0.12)
XEM / USD
0.04
4.67%
(-0)
DASH / USD
62.99
3.74%
(-2.45)
USDT / USD
1.00
0%
(0)
BNB / USD
322.76
2.37%
(-7.84)
QTUM / USD
2.98
0.88%
(+0.03)
XVG / USD
0.00
2.68%
(-0)
ONT / USD
0.23
4.43%
(-0.01)
ZEC / USD
44.28
4.59%
(-2.13)
STEEM / USD
0.22
4.08%
(-0.01)

Jonathan Sifuentes & My Trader Coin – Scam Review

0

On July 27, the Arizona Corporation Commission was told by the Securities Division that

Jonathan Sifuentes Saucedo has agreed to the proposed Order to cease, Order for Restitution, Order for Administrative Penalties, and Consent to Same.

By doing this, Sifuentes will settle the charges of fraud against him related to My Trader Coin securities.

For now, the Securities Division’s motion was meant to cancel Sifuentes’ trial, which was set for August 23.

On July 28, the court said yes to the Securities Division’s request.

Even though we know that Sifuentes has paid off the securities fraud charges, we won’t know more until September.

This proposed order will be brought to the Commission’s Open Meeting on September 7, 2022, so that they can vote on it.

Sifuentes ran a $550-a-day Ponzi scheme called “My Trader Coin.” In 2017, it fell apart.

In 2020, Sifuentes was sued for securities fraud by the Arizona Securities Division. When Sifuentes found out that the US government was looking into him, he ran away to Mexico.

There, he kept stealing money through his Xifra Lifestyle Ponzi scheme, which was a fraud on the stock market.

In January 2022, Sifuentes was caught in Mexico. Later that same month, the Mexican government gave Xifra Lifestyle a $49,321 fine for securities fraud.

After he got out of jail, Sifuentes left Mexico for Dubai. So, Xifra Lifestyle was dropped, and Sifuentes brought the scam back as Decentra.

Sifuentes would have likely come back to the US to face off against the Arizona Securities Division and defend a clear case of securities fraud.

There, he could be arrested, but it’s not clear if the US federal government is looking into Xifra Lifestyle and now Decentra.

In the Philippines, 19 people who were trying to sell Decentra were arrested last month.

Decentra is trying very hard to get back on its feet in Central and South America…

…most of the people who were hurt by Xifra Lifestyle haven’t moved over.

Sifuentes has kept Xifra Lifestyle’s website up and running, most likely to stop a flood of complaints to the police. According to SimilarWeb, most people who visit Xifra Lifestyle’s website come from Mexico (51%), the United States (19%), and Colombia (14%).

51% of the traffic to Decentra’s website comes from Martinique, 23% from Mauritius, and 12% from Thailand.

Between Martinique and Mauritius, there are 1.63 million people. It won’t be long before Decentra can’t find any more Ponzi recruits on the small islands.

Even though traffic is down in general, Xifra Lifestyle’s website still gets more than five times as much traffic as Decentra’s.

Even though Sifuentes might be wanted in both Mexico and the US, not much is likely to happen as long as he stays in Dubai.

Dubai is a safe haven for scammers from all over the world because it has limited extradition treaties, doesn’t work with foreign law enforcement, and doesn’t care about MLM-related securities fraud.

Keep an eye out for September, when the details of Sifuentes’ settlement for securities fraud will be made public.

 

8 September 2022 Update – Details about the fraud settlement for Sifuentes’ My Trader Coin are now available.

Leave A Reply

Your email address will not be published.