Sifra Group, founded by Jonathan Sifuentes, presented itself as an investment firm offering significant guaranteed returns to investors. The company claimed its profits were generated through proprietary trading bots in cryptocurrency and foreign exchange (forex) markets. It operated on a multi-level marketing model, heavily recruiting from Latino communities in the United States and Latin America. However, U.S. and Mexican financial regulators have officially identified the operation as a fraudulent scheme, leading to SEC charges, asset freezes, and the effective collapse of the company.

Founded in

Brazil