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In the Philippines, 19 Decentra promoters have been detained.

On June 13th, a securities fraud alert was issued against the Ponzi scheme, which led to the arrests.

It’s unclear when the Philippine Securities and Exchange Commission started looking into Decentra.

However, according to a news statement published by the Philippine government on June 15th, the Decentra arrests took place on June 10th.

After receiving an email tip on Decentra’s improper investment soliciting activities, the SEC approved and deputized a team of PNP-ACG employees, together with the EIPD, to execute the combined entrapment operation through a mission order dated June 10.

The bust occurred at a Decentra advertising event hosted by a local business.

The officers of Decentra were arrested in a joint operation on June 11 by the SEC Enforcement and Investor Protection Department (EIPD) and the Philippine National Police Anti-Cybercrime Group (PNP-ACG) while soliciting investments from the public without the required license during a seminar or business presentation in a hotel in Quezon City.

Arnel Laxa, Michael Anderson, Arnold Black, Rodolfo A. Asadan, Roberto A Betinol, Fritzie Abalde, Nely Carvajal, Wyndell Espaol, Jenny A Tampulan, Alice Fabroa, Lawrence Ruiz, Kieth Reola, Mary Joy Mendoza, Joy Esclamado, Analiza Narvaez, Warpath Chu, Teodorick Acua, and Fe Pagling

Michael Anderson was recently identified by BehindMLM as a key proponent of Decentra in the Philippines.

Two of the Decentra promoters detained are foreign nationals, according to the press announcement.

Decentra was discovered to be providing multiple investing packages online, with a 99.95 Tether initial membership cost (USDT).

Depending on the package they choose and the amount of recruits they welcome into the system, members can earn up to 120 percent of their initial investment.

Dicentra was not registered with the EIPD as a company, partnership, or one-person corporation, according to an advice dated June 13.

As a result, it lacked the supplementary license necessary by the SRC for the solicitation of investments.

The discovery that local fraudsters were former Crowd1 Ponzi marketers was one of the most intriguing aspects of the Philippine Decentra probe.

Decentra was also determined to be led by former members of Crowd1 Asia Pacific, Inc., according to the EIPD.

Crowd1, like Dicentra, is based in Dubai. Crowd1 was recognized as a fraud by Philippine authorities in June 2020, and it was prohibited. Last month, the regulatory restriction was confirmed.

After his arrest in Mexico in January 2022, Decentra founder Jonathan Sifuentes escaped to Dubai.

Sifuentes relaunched Xifra Lifestyle as Decentra while he was secure in the MLM crime capital in the world.

Sifuentes, it is my knowledge, has not attended any Decentra promotional events since escaping to Dubai.

So far, two events have taken place: a launch last month in Dubai and a follow-up in Mexico, where a substantial number of Xifra Lifestyle investors were recruited.

Instead of hosting the events personally, Sifuentes delegated the task to Shane Morand.

Morand, a US citizen and former Organo Gold executive, joined Decentra’s executive team in Dubai early this year.

In the United States, Jonathan Sifuentes is also facing regulatory action. It’s unclear whether US officials are looking into Xifra Lifestyle and the Decentra relaunch.

Martinique (55 percent), Colombia (24 percent), Ecuador (9.5 percent), Spain (6%), and Latvia are the major sources of traffic to Decentra’s website, according to SimilarWeb (5 percent ).

Martinique is a Caribbean island with a modest population. With a population of only 376,480 people, the fact that Decentra fraudsters are targeting the island is extremely alarming.

Back in the Philippines, the Securities and Exchange Commission (SEC) warned that it would continue to investigate.

to prevent the growth of investment scams in the country by pursuing unlawful investment scheme criminals aggressively and establishing investor education initiatives to enhance financial literacy

Promoters of MLM firms that commit securities fraud face a punishment of PHP 5 million ($93,733) and up to 21 years in jail.

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