Decentra has acquired a securities fraud warning from the Philippines.
As per the SEC’s June 14th warning;
DECENTRA and its representatives, brokers and people and teams of people performing on its behalf have been discovered to offer
unregistered securities to the general public with out the mandatory authority or license issued by the Fee.
The SEC cites Decentra’s 120% ROI “staking” funding alternative, in addition to a “Dubai Promo”.
(Decentra) via its representatives, brokers and presenters additional claims {that a} member can recruit as many as he can, obtain 50,000 USD, not from his pocket however from the arduous work of recruiting different individuals, and earn even with out doing something.
Decentra is a reboot of the collapsed Xifra Life-style Ponzi scheme.
Founder Jonathan Sifuentes fled Mexico to Dubai earlier this yr, following a crackdown by Mexican authorities. Sifuentes can also be going through regulatory motion within the US.
Decentra was launched as a Dubai primarily based Ponzi scheme final month. Dubai is the MLM crime capital of the world.
In view thereof, the general public is hereby suggested to train self-restraint from investing their hard-earned cash in such high-yield, high-risk funding scheme and to take the mandatory precaution in coping with people representing the above-named entity and NOT TO INVEST or STOP INVESTING in mentioned entity.
A distinguished promoter of Decentra within the Philippines embrace Michael Anderson:
The SEC warns promotes of Decentra within the Philippines face a PHP 5 million effective (~$93,733), or as much as twenty-one years in jail.
Replace sixteenth June 2022 – Michael Anderson and eighteen different Decentra promoters within the Philippines have been arrested.