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Jonathan Yemelian Sifuentes, who started the company Xifra Lifestyle, was taken into custody by Mexican police earlier this week.

CVBJ reports that Sifuentes was arrested, citing local news sources.

with about nine bodyguards, long weapons, and cash worth hundreds of thousands of Mexican pesos.

MLM is a bit different in Mexico, though.

Sifuentes and his friends were arrested because they tried to bribe police officers and made threats against them.

The police brought charges against Sifuentes and his group, but the charges didn’t stick in court.

Both of these things could not be proven, so a judge from the Criminal Justice Center dropped the case against the people who were being held.

This got Sifuentes and his friends out of jail.

No one knows what their current situation is, but as of the time this article was written, Xifra Lifestyle’s website was down.

Even though Mexican authorities might be in over their heads, they have said that US authorities are also looking into Xifra and Sifuentes.

Local sources say that during the process, the authorities got Yemelian’s file, which includes an investigation into alleged fraud as part of a cryptocurrency pyramid scam that is going on in the United States with the Arizona Corporation Commission.

This comes after Mexico’s Comisión Nacional Bancaria y de Valores warned about Xifra securities fraud in September.

Affiliates of Xifra say the company is legal, even though it has committed securities fraud in the US and Mexico.

In September 2020, BehindMLM looked at Xifra Lifestyle. At the time, the company said that CEO George Goodman was in charge.

With the way Xifra Lifestyle ran its business, the company made up to $8,000 a month from the market.

We decided that Xifra Lifestyle was a Ponzi scheme because there was no outside source of income that we could verify.

At the time this article was written, Alexa says that 21% of the people who visit Xifra Lifestyle’s website come from the US.

Reinhardt & PlatinWorld Review - Is a Fraud
PGI Global Review Part 2- Is a Fraud

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