Spain’s Nationwide Securities Market Fee has issued a securities fraud warning in opposition to Xsinergia.
In keeping with the CNMV, Xsinergia will not be registered to supply securities in Spain.
The regulator identifies Xsinergia as Sinergia De Activos Y Socios SL, and states the corporate is working illegally with respect to Spain’s Securities Makrets Legislation.
CNMV additionally warns in opposition to involvement with Xsinergia co-founder D. Luis Alberto De Mena Ochoa.
BehindMLM reviewed Xsinergia final month.
Based mostly on the corporate’s enterprise mannequin and compensation plan, we concluded Xsinergia is a Ponzi scheme.