Author Avatar



Share post:

The My Trader Coin securities fraud trial of Jonathan Sifuentes has been set for August 22nd.

Sifuentes and six other individuals were sued by the Arizona Corporation Commission in 2020.

The ACC’s charges concern securities obtained through the Ponzi schemes My Trader Coin and Now Mining.

The allegations against four of the defendants have already been resolved. Earlier this year, a third was ordered to undergo neuropsychological testing.

Defendant Moises Herrera (69) has been examined and deemed unable to participate in the two-week trial scheduled for August 2022, according to a May 19th document.

Yolanda Herrera, Moises’ wife, believes she is solely mentioned in this lawsuit because of her marriage to Mr. Herrera… and is completely unaware of the circumstances surrounding this case.

The Herreras’ petition has yet to be heard by the court.

Jonathan Sifuentes is due to appear in court at the time of publishing. It is unknown whether Sifuentes will attend the trial in person.

The court has asked that Sifuentes’ attorney provide notice of how their witnesses and representatives would appear in court. Either in person or by email.

The Commission has decided that the parties to each Division matter that will have a hearing should have the option of having their representatives and witnesses attend and participate in the hearing in person or by Web-Ex.

The format for the hearing has yet to be determined in this case.

If a party fails to provide a document indicating how its representatives and witnesses will participate during the hearing, the Commission will assume that the representatives and witnesses will attend in person.

The deadline for reporting attendance reports is July 22nd.

Sifuentes advertised My Trader Coin to largely Hispanic churchgoers in the area.

My Trader Coin was launched in early 2017 and crashed later that year.

Sifuentes got a taste for MLM Ponzi fraud and decided to create Xira Lifestyle in late 2019.

Sifuentes left for Mexico after realizing he was being investigated by the ACC.

Sifuentes continued to run his Xifra Lifestyle Ponzi there until he was detained earlier this year by Mexican police.

Sifuentes left for Dubai shortly after that. He relaunched Xifra Lifestyle as Dicentra Universe when he was there.

On May 27th, Decentra Universe was released. Sifuentes continues to scam clients with his new Ponzi scheme.

Dubai is the world’s MLM crime capital. Sifuentes is essentially out of reach of police by fleeing there.

If Sifuentes is obliged to appear in Arizona for the ACC trial, he might be arrested.

This is contingent on whether the US government has launched a federal inquiry against Xifra Lifestyle, which is currently unclear.

Our next update should come after Sifuentes’ August trial, pending any unexpected filings or developments.

FTC Review - Is a Fraud
EminiFX Review Part 2 - Is a Fraud

Leave a Comment

Your email address will not be published. Required fields are marked *