Xsinergia securities fraud warning issued in Spain
Spain’s National Securities Market Commission has issued a securities fraud warning against Xsinergia.
According to the CNMV, Xsinergia is not registered to offer securities in Spain.
The regulator identifies Xsinergia as Sinergia De Activos Y Socios SL, and states the company is operating illegally with respect to Spain’s Securities Makrets Law.
CNMV also warns against involvement with Xsinergia co-founder D. Luis Alberto De Mena Ochoa.
BehindMLM reviewed Xsinergia last month.
Based on the company’s business model and compensation plan, we concluded Xsinergia is a Ponzi scheme.