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The Superintendencia de Bancos of Peru has issued a warning about security fraud.
According to a notice issued by the SBS on July 12, Decentra “does not have authorisation from the SBS to collect money from the public.”
Note that, according to article 11 of Law No. 26702, General Law of the Financial System and the Insurance System, and Organic Law of the Superintendence of Banking and Insurance, any person who intends to collect or receive money from third parties, in the form of a deposit, mutual, or any other modality, must obtain prior authorization from the SBS.
In other jurisdictions, this is analogous to a securities fraud warning. The Decentra pyramid scheme is a continuation of Jonathan Sifuentes’ failed Xifra Lifestyle business.
The majority of Xifra Lifestyle victims reside in the United States and Mexico. Following his arrest by Mexican authorities earlier this year, Sifuentes escaped to Dubai. Sifuentes relaunched Xifra Lifestyle as Decentra in the MLM crime capital of the globe.
In the Philippines, 19 Decentra promoters have been arrested since the revival. Spain also issued a scam alert for Xifra Lifestyle security at the beginning of July.
Arizona filed securities fraud charges against Sifuentes in 2020, before he left for Mexico.
As alleged by the ACC Securities Division, Sifuentes marketed My Trader Coin, a Ponzi scam, prior to the debut of Xifra Lifestyle, a Ponzi scheme.
Sifuentes settled the allegations of fraud last month, but the terms of the settlement have not yet been made public.
According to SimilarWeb, the biggest sources of traffic to Decentra’s website are now Martinique (51%), Mauritius (23%), Thailand (12%), and France (8 percent ).
