Author Avatar



Share post:

The Superintendencia de Banca of Peru has issued a warning to Decentra over securities fraud.

Decentra “does not have authority from the SBS to collect money from the public,” the SBS said on July 12.

Article 11 of Law No. 26702, General Law of the Financial System and the Insurance System and Organic Law of the Superintendence of Banking and Insurance, states that the SBS must first give its permission before anyone can collect or receive money from third parties in the form of a deposit, mutual fund, or any other type of payment.

In other countries, this would be the equivalent of a securities fraud notice.

Decentra is a continuation of the defunct Xifra Lifestyle Ponzi scam by Jonathan Sifuentes. Mexico and the US are where the bulk of Xifra Lifestyle sufferers reside.

After being detained by Mexican officials earlier this year, Sifuentes (right) escaped to Dubai.

Sifuentes resurrected Xifra Lifestyle as Decentra while feeling safe in the MLM crime center in the world.

19 Decentra promoters have been detained in the Philippines since the revival. Early in July, Spain also released a securities fraud alert for Xifra Lifestyle.

Arizona brought securities fraud charges against Sifuentes in 2020, just before he left the country for Mexico.

The charges made by the ACC Securities Division concern My Trader Coin, a Ponzi scheme that Sifuentes marketed before introducing Xifra Lifestyle.

Sifuentes resolved the allegations of fraud last month, though the terms of the agreement have not yet been made public.

According to SimilarWeb, Martinique (51 percent), Mauritius (23 percent), Thailand (12 percent), and France are now the top four countries from which Decentra’s website receives visitors (8 percent ).

Recompense Review - Is a Fraud
OmegaPro Review Part 4 - Is a Fraud

Leave a Comment

Your email address will not be published.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