Xifra Life-style founder Jonathan Yemelian Sifuentes was arrested earlier this week by Mexican authorities.
Quoting native media, CVBJ reviews Sifuentes was arrested
within the firm of about 9 bodyguards, with lengthy weapons and a whole bunch of hundreds of Mexican pesos in money.
Uh yeah, MLM is a bit totally different in Mexico.
Sifuentes and his cronies had been arrested in connection to threats in opposition to law enforcement officials and tried bribery.
Police introduced costs in opposition to Sifuentes and his crew however had been unable to make the costs stick in court docket.
Each details couldn’t be verified, for which a decide from the Felony Justice Heart dismissed the method in opposition to the detainees.
This noticed Sifuentes and his accomplices launched.
Their present standing is unknown however, at time of publication, Xifra Life-style’s web site is offline.
Whereas Mexican authorities could be in over their heads, they’ve revealed an alleged parallel investigation into Xifra and Sifuentes by US authorities.
What native sources do allege is that in the course of the course of the authorities obtained Yemelian’s file, which incorporates an investigation at present open within the Arizona Company Fee, in the USA, for alleged fraud as a part of a cryptocurrency pyramid rip-off.
This follows a Xifra securities fraud warning, issued by Mexico’s Comisión Nacional Bancaria y de Valores in September.
Regardless of committing securities fraud within the US and Mexico, Xifra associates declare the corporate operates legally.
BehindMLM reviewed Xifra Life-style in September 2020. On the time the corporate was pretending it was run by CEO George Goodman.
Xifra Life-style’s enterprise mannequin noticed the corporate market returns of as much as $8000 a month.
With no verifiable exterior income supply, we concluded Xifra Life-style was a Ponzi scheme.
At time of publication, Alexa ranks the US as the highest supply of visitors to Xifra Life-style’s web site (21%).