On July 27, the Securities Division informed the Arizona Company Fee that Jonathan Sifuentes Saucedo had agreed to a proposed Order to Stop and Desist, Order for Restitution, Order for Administrative Penalties, and Consent to Identical.
By doing this, Sifuentes will settle the fees of fraud towards him associated to My Dealer Coin securities. For now, the Securities Division’s movement was meant to cancel Sifuentes’ trial, which was set for August 23.
On July 28, the court docket mentioned “sure” to the Securities Division’s request. Though we all know that Sifuentes has paid off the securities fraud expenses, we can’t know extra till September. This proposed order can be introduced up on the Fee’s assembly on September 7, 2022, which can be open to the general public.
Sifuentes ran a $550-a-day Ponzi scheme known as “My Dealer Coin.” In 2017, it fell aside. In 2020, Sifuentes was sued for securities fraud by the Arizona Securities Division.
When Sifuentes discovered that the US authorities was wanting into him, he ran away to Mexico. There, he saved utilizing his Xifra Way of life Ponzi scheme to steal cash from folks by safety fraud.
In January of 2022, Sifuentes was caught in Mexico. Later that very same month, the Mexican authorities gave Xifra Way of life a $49,321 effective for securities fraud. After he acquired out of jail, Sifuentes left Mexico for Dubai.
So, Xifra Way of life was dropped, and Sifuentes introduced the rip-off again as Decentra. Sifuentes would have doubtless come again to the US to face off towards the Arizona Securities Division and defend a transparent case of securities fraud.
There, he may very well be arrested, but it surely’s not clear if the US federal authorities is wanting into Xifra Way of life and now Decentra.
Within the Philippines, 19 individuals who have been making an attempt to promote Decentra have been arrested final month. Decentra is making an attempt very exhausting to get again on its ft in Central and South America.
The general public who have been damage by Xifra Way of life have not moved over. Sifuentes has saved Xifra Way of life’s web site up and working, almost definitely to cease a flood of complaints to the police.
SimilarWeb says that most individuals who go to Xifra Way of life’s web site come from Mexico (51%), the USA (19%), and Colombia (3%).
51% of the site visitors to Decentra’s web site comes from Martinique, 23% from Mauritius, and a couple of% from Thailand.
There are 1.63 million folks between Martinique and Mauritius. It will not be lengthy earlier than Decentra cannot discover any extra Ponzi recruits on the small islands.
Though site visitors is down normally, Xifra Way of life’s web site nonetheless will get greater than 5 instances as a lot site visitors as Decentra’s. Though Sifuentes could be needed in each Mexico and the US, not a lot is prone to occur so long as he stays in Dubai.
Dubai is a secure haven for scammers from everywhere in the world as a result of it has restricted extradition treaties, does not work with international legislation enforcement, and turns a blind eye to MLM-related securities fraud.
Maintain a watch out for September, when the main points of Sifuentes’ settlement for securities fraud can be made public.