Xifra Life-style has obtained a securities fraud warning from the Monetary Superintendence of Colombia.
As per the SFC’s December sixteenth warning;
The provide of services and products which are typical of the inventory market of any agency or platform hosted overseas to residents within the nation should have the right authorization from this management physique.
Xifra Life-style (does) NOT at the moment have any authorization to advertise their monetary merchandise and/or providers to residents within the nation instantly or not directly and thru any means, specifically, these of the inventory market.
Xifra Life-style pitches a 200% ROI. As much as 2% a day is paid out, purportedly derived by way of CBD plantation operations.
BehindMLM reviewed Xifra Life-style in September 2020.
Primarily based on its enterprise mannequin, we famous securities fraud and concluded Xifra Life-style was a Ponzi scheme.
Xifra Life-style founder Jonathan Sifuentes was arrested in Mexico final month.
Sifuentes was subsequently launched however his present standing stays unknown.
In December 2021 BusinessForHome celebrated Sifuentes’ scamming with a MasterClass gig.
Alexa ranks Colombia because the second largest supply of site visitors to Xifra Life-style’s present web site area (30%).
The SFC notes that in 2021 it took regulatory motion in opposition to twelve people selling fraudulent companies.
Whether or not Colombian regulators take motion in opposition to Xifra Life-style distributors stays to be seen.