Xifra Lifestyle has been fined $985,820 MXN for securities fraud violations in Mexico.
Xifra Lifestyle
is a 200% ROI Ponzi scheme run by Brazilian national Jonathan Sifuentes (aka Jonathan Yelemian Sifuentes Saucedo).
Xifra Lifestyle’s regulatory problems in Mexico began last September, with the National Banking and Securities Commission issuing them a securities fraud warning.
As per the CNBV’s warning, Xifra Lifestyle, dba Xifra Business Group,
is not a Company authorized by the CNBV to promote the raising of resources from the public and, therefore, is NOT part of the Financial System in Mexico, so it is not legally authorized to carry out the investment promotion activities that it carries out in the national territory in the mass media.
The CNBV went on to issue Xifra Lifestyle a cease and desist, requiring them to immediately
stop soliciting investment in Mexico; and
prompting Xifra Lifestyle in Mexico.
Instead of complying, Xifra Lifestyle continued to operate illegally. Not only in Mexico but everywhere.
As a result, Xifra Lifestyle was issued a $975,820 MXN securities fraud fine on December 8th, 2021 (~$49,321 USD).
Xifra Lifestyle failed to contest the fine, which was made final on January 25th, 2022.
While that was playing out
Sifuentes was arrested
in Mexico in early January.
The charges were related to “threats against police officers and attempted bribery.”
Sifuentes walked after the Judge ruled facts in the lead up to Sifuentes arrest “could not be verified”. Whether the charges were related to Mexican authorities cracking down on Xifra Lifestyle is unclear.
In any event, Sifuentes has been laying low since his arrest.
Xifra Lifestyle continued to spread, evidently peaking in March before dropping over 35% in traffic month to month in April.
In what appears to be an attempt to pretend Jonathan Sifuentes isn’t running the company, Xifra Lifestyle has been integrated into Decentra.
Update 19th May 2022 –
As part of my research into Xifra Lifestyle today, I uncovered Jonathan Sifuentes’ securities fraud troubles in the US.
Sifuentes’ is a respondent of a
securities fraud cease and desist application
filed by authorities in Arizona.
As at the time of this update, proceedings are ongoing.
🤖 Quick Answer
What is Xifra Lifestyle and why was it fined in Mexico?Xifra Lifestyle, operated by Brazilian national Jonathan Sifuentes, is an unauthorized investment scheme fined $985,820 MXN for securities fraud violations in Mexico. The National Banking and Securities Commission determined the company illegally promoted investment activities without proper authorization, operating as an unregistered financial entity.
Who operates Xifra Lifestyle?
Xifra Lifestyle is run by Jonathan Sifuentes, also known as Jonathan Yelemian Sifuentes Saucedo, a Brazilian national. The scheme operates under the business name Xifra Business Group and promotes what regulators identify as a fraudulent investment program.
What regulatory action did Mexican authorities take against Xifra Lifestyle?
Mexico's National Banking and Securities Commission issued a securities fraud warning in September, subsequently impos
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