Xera has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

As per
ASIC’s April 23rd warning
, Xera

is likely to be offering financial services to Australian consumers.

It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee.

Offering securities without registration with ASIC constitutes securities fraud under Australian law.

Xera
is a combined reboot of three collapsed Dubai Ponzis;
Safir International
,
The Blockchain Era
and
Success Factory
.

Also based out of Dubai, the
MLM crime capital of the world
, Xera is headed up by

Henk Diepbrink – Xera Managing Director, Dutch national and former Managing Director of Safir

Werner Kaiser – Xera Global Vice President, part of Safir’s “Elite Circle of Trust” and former Lyoness Ponzi promoter

Diego Endrizzi – Xera Head of Global Sales, top Italian promoter of WeWe Global and The Blockchain Era

Gorka Buces – Xera Chief Visionary Officer, former CVO of the 
collapsed Xifra and Decentra
 Ponzi schemes

Nils Grossberg – Xera Head of Global Partnerships, founder and CEO of collapsed DagCoin and Success Factory Ponzi schemes

As of March 2024, SimilarWeb tracked top sources of traffic to Xera’s website as Germany (33%), Austria (16%) and the Czech Republic (7%).

ASIC also issued a separate
The Blockchain Era securities fraud warning
on April 23rd.

🤖 Quick Answer

What is the ASIC warning against Xera Securities?
The Australian Securities and Investments Commission (ASIC) issued a warning on April 23rd stating that Xera is offering financial services to Australian consumers without holding the required Australian financial services licence or credit licence, constituting securities fraud under Australian law.

What is Xera's corporate background?
Xera represents a reboot of three collapsed Dubai-based Ponzi schemes: Safir International, The Blockchain Era, and Success Factory. The company operates from Dubai and is managed by individuals previously associated with these failed ventures.

Who leads Xera Securities?
Xera is headed by Henk Diepbrink, a Dutch national serving as Managing Director and former head of Safir International, alongside Werner Kaiser in a global leadership role.

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