Xifra Life-style has collapsed. Traders report withdrawals issues starting late April.

Now the Ponzi scheme is purportedly gearing as much as reboot as Decentra.

As reviewed right here on BehindMLM, Xifra Life-style was a easy 200% ROI Ponzi scheme.

The rip-off was run by Brazilian nationwide Jonathan Sifuentes, who’s believed to have ties to Mexico and the US (Texas).

Xifra Life-style itself represents it’s primarily based out of Mexico.

Final September, Mexican authorities issued Xifra Life-style a securities fraud warning. This was adopted up by a $49,321 securities fraud positive on December eighth.

Eight days afterward December sixteenth, the area “decentrauniverse.com” was registered.

Decentra started sooner than that although. Throughout a November 2021 advertising and marketing occasion in Cancun, Xifra rolled out Decentra College pseudo-compliance:

Talking of cryptocurrencies, XIFRA made a shock announcement on Sunday 21 that they had been engaged on having their very own token, though this may not go dwell till December 2022.

One other service, Decentra College, was introduced through the occasion. It’s an academic service that can embody coaching materials in varied areas and can begin with a superb catalogue of content material associated to new applied sciences, comparable to Blockchain and synthetic intelligence, each basic pillars at XIFRA.

Inside the contents of the Decentra platform, there is a crucial spotlight, which is the EXCLUSIVE management and private progress mentoring by John Maxwell.

That unique plan seems to have now been deserted, in favor of rebooting Xifra Life-style via Decentra fully.

Decentra advertising and marketing started to be pushed out as early as March 2021:

Now Xifra Life-style buyers are pushing the advertising and marketing angle of Decentra “absorbing” Xifra Life-style:

As above, this brings with it the declare that Xife Life-style’s Ponzi, via Decentra, is “registered and Compliant within the USA”.

This can be a load of baloney. A search of the SEC’s Edgar database reveals neither Xifra Life-style, Decentra or Jonathan Sifuentes are registered to supply securities within the US.

Whereas baloney, Michael Anderson’s declare above isn’t shocking.

Xifra Life-style buyers have been falsely claiming the corporate is authorized in each Mexico and the US for months.

Decentra represents itself as a defi blockchain bro firm run by individuals unknown. It’s in truth a continuation of Xifra Life-style, run by Jonathan Sifuentes.

The Securities Division of the Arizona Company Fee filed a securities fraud utility in opposition to Sifuentes in 2020.

The applying pertained to previous Ponzi exercise by Sifuentes, courting again to 2017.

I wish to direct you to this quote from Sifuentes within the ACC’s utility;

Sifuentes additionally instructed offerees and buyers at a presentation in Sosa’s workplace that MTCoin was an excellent funding and that he had personally made plenty of cash already.

He additionally said that the federal authorities had no management over the corporate as a result of they had been utilizing an unbiased firm for his or her cash accounts, making the funding very low threat, he by no means described any dangers.

Decentra is Sifuente’s “unbiased firm” for Xifra Life-style. He’s residing out the regulatory fantasy he by no means received to execute with My Dealer Coin.

As a part of that fantasy, Sifuentes seems to have moved himself, Xifra Life-style and Decentra to Dubai.

Dubai is the MLM rip-off capital of the world. Transferring there places Sifuentes out of attain of US and Mexican authorities, enabling him to proceed defrauding shoppers.

In April 2022, Sifuentes, showing in a YouTube video titled “The XIFRA / DECENTRA UNIVERSE Story Documentary 2019-2022“, claimed he was “essentially the most highest paid man within the trade of community advertising and marketing”.

I’m the very best paid man within the trade.

For those who take seven guys from BusinessForHome and also you add what they’re making, that’s what I’m making a month.

Primarily based on advertising and marketing movies on Decentra’s official YouTube channel the Xifra Ponzi scheme will likely be run alongside Decentra’s membership scheme.

Decentra fees $99.95 after which $34.95 a month or $349.95 yearly, for entry to varied companies (a travel-booking engine, Decentra College and so forth.).

All funds inside Decentra are made in bitcoin, with Decentra pitching an 88% annual ROI funding scheme:

Names of observe throughout the MLM trade who’ve hitched their wagon to Xifra, embody Shane Morand and John C. Maxwell – each US residents and, until I’m mistaken, US residents.

Shane Morand is among the co-founders of Organo Gold. Morand left Organo Gold after a botched try to pitch crypto scams to distributors.

Morand resurfaced in late 2021 as a crypto bro pitching Trujivan, a Tycoon69 Ponzi malicious program.

That seems to have fallen via, with Morand proceed his crypto fraud journey with Decentra.

To completely dwell out the MLM crypto Ponzi dream, Morand relocated to Dubai just a few months in the past:

John C. Maxwell is a frequent speaker at MLM occasions. He seems to have gotten concerned with Sifuentes some time again.

Maxwell’s identify and picture are being closely used to insinuate Xifra Life-style and Decentra are usually not Ponzi schemes committing securities fraud.

Maxwell’s LinkedIn profile locations him in Florida.

Whereas it ought to be apparent altering the identify of your Ponzi scheme and pretending it runs itself to keep away from regulation is ridiculous, that is the place the MLM crypto house is at.