Xifra Way of life has collapsed. Traders report withdrawals issues starting late April.
Now the Ponzi scheme is purportedly gearing as much as reboot as Decentra.
As reviewed right here on BehindMLM, Xifra Way of life was a easy 200% ROI Ponzi scheme.
The rip-off was run by Brazilian nationwide Jonathan Sifuentes, who’s believed to have ties to Mexico and the US (Texas).
Xifra Way of life itself represents it’s based mostly out of Mexico.
Final September, Mexican authorities issued Xifra Way of life a securities fraud warning. This was adopted up by a $49,321 securities fraud advantageous on December eighth.
Eight days afterward December sixteenth, the area “decentrauniverse.com” was registered.
Decentra started sooner than that although. Throughout a November 2021 advertising and marketing occasion in Cancun, Xifra rolled out Decentra College pseudo-compliance:
Talking of cryptocurrencies, XIFRA made a shock announcement on Sunday 21 that they had been engaged on having their very own token, though this may not go stay till December 2022.
One other service, Decentra College, was introduced through the occasion. It’s an academic service that may embrace coaching materials in numerous areas and can begin with a superb catalogue of content material associated to new applied sciences, reminiscent of Blockchain and synthetic intelligence, each elementary pillars at XIFRA.
Throughout the contents of the Decentra platform, there is a vital spotlight, which is the EXCLUSIVE management and private development mentoring by John Maxwell.
That unique plan seems to have now been deserted, in favor of rebooting Xifra Way of life by means of Decentra totally.
Decentra advertising and marketing started to be pushed out as early as March 2021:
Now Xifra Way of life buyers are pushing the advertising and marketing angle of Decentra “absorbing” Xifra Way of life:
As above, this brings with it the declare that Xifra Way of life’s Ponzi, by means of Decentra, is “registered and Compliant within the USA”.
This can be a load of baloney. A search of the SEC’s Edgar database reveals neither Xifra Way of life, Decentra or Jonathan Sifuentes are registered to supply securities within the US.
Whereas baloney, Michael Anderson’s declare above isn’t stunning.
Xifra Way of life buyers have been falsely claiming the corporate is authorized in each Mexico and the US for months.
Decentra represents itself as a defi blockchain bro firm run by individuals unknown. It’s the truth is a continuation of Xifra Way of life, run by Jonathan Sifuentes.
The Securities Division of the Arizona Company Fee filed a securities fraud software in opposition to Sifuentes in 2020.
The applying pertained to previous Ponzi exercise by Sifuentes, courting again to 2017.
I need to direct you to this quote from Sifuentes within the ACC’s software;
Sifuentes additionally advised offerees and buyers at a presentation in Sosa’s workplace that MTCoin was a terrific funding and that he had personally made plenty of cash already.
He additionally said that the federal authorities had no management over the corporate as a result of they had been utilizing an unbiased firm for his or her cash accounts, making the funding very low threat, he by no means described any dangers.
Decentra is Sifuente’s “unbiased firm” for Xifra Way of life. He’s dwelling out the regulatory fantasy he by no means bought to execute with My Dealer Coin.
As a part of that fantasy, Sifuentes seems to have moved himself, Xifra Way of life and Decentra to Dubai.
Dubai is the MLM rip-off capital of the world. Transferring there places Sifuentes out of attain of US and Mexican authorities, enabling him to proceed defrauding customers.
In April 2022, Sifuentes, showing in a YouTube video titled “The XIFRA / DECENTRA UNIVERSE Story Documentary 2019-2022“, claimed he was “essentially the most highest paid man within the trade of community advertising and marketing”.
I’m the best paid man within the trade.
In case you take seven guys from BusinessForHome and also you add what they’re making, that’s what I’m making a month.
Based mostly on advertising and marketing movies on Decentra’s official YouTube channel the Xifra Ponzi scheme will probably be run alongside Decentra’s membership scheme.
Decentra fees $99.95 after which $34.95 a month or $349.95 yearly, for entry to numerous companies (a travel-booking engine, Decentra College and so on.).
All funds inside Decentra are made in bitcoin, with Decentra pitching an 88% annual ROI funding scheme:
Names of notice inside the MLM trade who’ve hitched their wagon to Xifra, embrace Shane Morand and John C. Maxwell – each US residents and, until I’m mistaken, US residents.
Shane Morand is without doubt one of the co-founders of Organo Gold. Morand left Organo Gold after a botched try and pitch crypto scams to distributors.
Morand resurfaced in late 2021 as a crypto bro pitching Trujivan, a Tycoon69 Ponzi computer virus.
That seems to have fallen by means of, with Morand proceed his crypto fraud journey with Decentra.
To completely stay out the MLM crypto Ponzi dream, Morand relocated to Dubai just a few months in the past:
John C. Maxwell is a frequent speaker at MLM occasions. He seems to have gotten concerned with Sifuentes some time again.
Maxwell’s identify and picture are being closely used to insinuate Xifra Way of life and Decentra should not Ponzi schemes committing securities fraud.
Maxwell’s LinkedIn profile locations him in Florida.
Whereas it must be apparent altering the identify of your Ponzi scheme and pretending it runs itself to keep away from regulation is ridiculous, that is the place the MLM crypto area is at.
Toss in Dubai and all that’s lacking are new gullible buyers to maintain the unique Xifra Way of life Ponzi going.
Based mostly on representations from Xifra Way of life buyers…
…the Decentra Xifra Way of life Ponzi reboot is scheduled to kick off on Could twenty ninth.