Xifra Lifestyle has received a securities fraud warning from the Financial Superintendence of Colombia.

As per the SFC’s December 16th warning;

The offer of products and services that are typical of the stock market of any firm or platform hosted abroad to residents in the country must have the proper authorization from this control body.

Xifra Lifestyle (does) NOT currently have any authorization to promote their financial products and/or services to residents in the country directly or indirectly and through any means, in particular, those of the stock market.

Xifra Lifestyle pitches a 200% ROI. Up to 2% a day is paid out, purportedly derived via CBD plantation operations.

BehindMLM
reviewed Xifra Lifestyle
in September 2020.

Based on its business model, we noted securities fraud and concluded Xifra Lifestyle was a Ponzi scheme.

Xifra Lifestyle founder Jonathan Sifuentes was
arrested in Mexico
last month.

Sifuentes was subsequently released but his current status remains unknown.

In December 2021
BusinessForHome
celebrated Sifuentes’ scamming with a MasterClass gig.

Alexa ranks Colombia as the second largest source of traffic to Xifra Lifestyle’s current website domain (30%).

The SFC notes that in 2021 it took regulatory action against twelve individuals promoting fraudulent businesses.

Whether Colombian regulators take action against Xifra Lifestyle distributors remains to be seen.

🤖 Quick Answer

What warning has Xifra Lifestyle received from Colombian authorities?
Xifra Lifestyle received a securities fraud warning from Colombia's Financial Superintendence (SFC) on December 16th. The SFC determined that the company lacks proper authorization to promote financial products and stock market services to Colombian residents, either directly or indirectly through any means.

What returns does Xifra Lifestyle promise to investors?
Xifra Lifestyle promotes a 200% return on investment, with daily payouts allegedly reaching up to 2%. According to the company, these returns derive from CBD plantation operations and related financial mechanisms.

What was the outcome of BehindMLM's analysis of Xifra Lifestyle?
BehindMLM reviewed Xifra Lifestyle in September 2020 and identified its business model as constituting securities fraud based on structural and operational characteristics inconsistent with legitimate

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