Authorities Issue Warnings
The individuals behind this dubious activity face scrutiny from reputable financial bodies. Despite claiming Xifra Realtor Invest as their Chilean investment firm since 2014, evidence reveals a different story.
Legal documents reveal their true identity as Xifra Business Group, unregulated by CMF in Chile. Offering investment services without regulation draws disapproval from financial authorities, leading to warnings from CNMV, CNBV, and IOSO. Exercise caution.
Deceptive Tactics in Investment Scheme
To project an image of success, this scam utilizes various online profiles on platforms like Facebook, Instagram, and YouTube. Operating as a fraudulent fintech company, they employ boiler room agents to manipulate unsuspecting traders into investing, promising guaranteed returns.
The fraudulent company, Ufina Capital, follows the typical pattern of soliciting multiple deposits with promises of even better opportunities. Additionally, they falsely claim an establishment date of 2014, despite the website only coming into existence in July 2022.
Affected Regions:
- Spain
- Canada
- Colombia
- Dominican Republic
Missing Trading App
The advertised “Finance App” on the site appears superficial, with no actual Xifra platform provided. This absence of software raises doubts about their claims of AI-powered trading, especially given the lack of success in developing such technology by major corporations.
Unspecified Trading Assets
Unlike regulated companies, Ufina Capital fails to disclose trading instruments, offering vague references to real estate and hemp farming. Legitimate firms transparently outline profit-generation strategies, a crucial aspect for clients. Approach with caution.
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