Xera securities fraud warning from Australia
Xera has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).
As per ASIC’s April 23rd warning, Xera
is likely to be offering financial services to Australian consumers.
It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee.
Offering securities without registration with ASIC constitutes securities fraud under Australian law.
Xera is a combined reboot of three collapsed Dubai Ponzis; Safir International, The Blockchain Era and Success Factory.
Also based out of Dubai, the MLM crime capital of the world, Xera is headed up by
- Henk Diepbrink – Xera Managing Director, Dutch national and former Managing Director of Safir
- Werner Kaiser – Xera Global Vice President, part of Safir’s “Elite Circle of Trust” and former Lyoness Ponzi promoter
- Diego Endrizzi – Xera Head of Global Sales, top Italian promoter of WeWe Global and The Blockchain Era
- Gorka Buces – Xera Chief Visionary Officer, former CVO of the collapsed Xifra and Decentra Ponzi schemes
- Nils Grossberg – Xera Head of Global Partnerships, founder and CEO of collapsed DagCoin and Success Factory Ponzi schemes
As of March 2024, SimilarWeb tracked top sources of traffic to Xera’s website as Germany (33%), Austria (16%) and the Czech Republic (7%).
ASIC also issued a separate The Blockchain Era securities fraud warning on April 23rd.
Well done by ASIC. Hopefully, other financial authorities and central banks will issue warnings soon about XERA mega scam.
As a reminder Success Factory, one the founders of XERA, has accumulated a good number of warnings from several co8untries when it was operating under its own name: Russia, Jordan, Oman, New Zealand, Algeria, Bermuda.
The International Organization Of Securities Commissions (IOSCO) has issued an Investor Alert against XERA (http://XERA.PRO), following the Australian fraud warning.
iosco.org/investor_protection/?subsection=investor_alerts_portal&id=30311&entity=Xera-(https://xera.pro-and-https://web.xera.pro
Not quite. IOSCO catalogs fraud warnings from various regulators, they don’t issue them themselves.
The Netherlands Authority for Financial Markets (AFM) has issued a warning to investors about XERA based on the warning issued by the International Organization of Securities Commissions (IOSCO).
afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/x/xera-httpsxerapro-and-httpswebxerapro
I’m not having a go at you but it’s important to get these things correct.
The AFM hasn’t issued a warning, they’re citing the Australian Xera fraud warning. The same thing IOSCO did.
Like IOSCO, AFM keeps a database of fraud warnings issued by other financial regulators.
I understand your point and I had the same idea when writing the post. However, AFM is publishing a link to the IOSCO Warning on the AFM warnings section, which means that they endorse and accept the warning, otherwise they would not have published it, especially that they are a regulatory agency of financial markets.
I think we can safely assume that, by publishing the link in its list of warnings section, AFM accepts and endorses the warning issued, or relayed, by IOSCO and Australia.
Endorse and accept sure but it’s not the same as AFM issuing its own fraud warning.
Are there any main arguments that this is a scam and why? They have so many products, big conferences and much more. They sell phones.
Any products Xera might have, any conferences and phones are irrelevant.
The only relevant fact is that its investment scheme is not registered with financial regulators in any country, thus violating securities law, and since the only verifiable source of revenue are new investors, Xera operates as a Ponzi scheme with an additional pyramid layer.
Anyone who sees MLM + securities fraud + fraud warnings + Dubai and asks bUt WhY iS iT a ScAm? is obviously being disingenuous.
#8
Well, XERA was made by the union of 3 or 4 serial fraud MLM companies involved in a long list of fraudulent schemes.
Each one of them is subject of several warnings from monetary authorities worldwide, and you are still asking for arguments why XERA is a fraud…
what the law constitutes as fraud has a very wide spectrum (Ozedit: snip, see below)
Cool story bro. Securities fraud thankfully is straight-forward.
MLM + passive investment scheme = securities offering.
Securities offering + no registration with financial regulators = securities fraud.
Securities fraud = illegal in every country with a regulated financial market.
Stop making excuses for scammers.