Xera Italy has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to EminiFX. We’ve received over 4 complaints against Xera Italy.
Xera Italy, which was established as a result of the collapse of Safir International, Success Factory, and The Blockchain Era, continues to engage in fraudulent activities. This unregulated entity, which was disclosed in Dubai, is linked to investments that are questionable and Ponzi schemes. It exploits new investors with false benefits and promises of AI trading, offering bundles ranging from 110 EUR to 1.11 million EUR. Investors should exercise caution.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Xera Italy Regulated? Do They Have a License?
Xera Italy, a new corporation established from the wreckage of three failed MLM crypto scams: Safir International, Success Factory, and The Blockchain Era. This merger, announced at a marketing event in Dubai, represents the continuance of fraudulent actions under a new cover. With a history of dishonesty and financial abuse, Xera Italy has already raised concerns among investors and regulators.
The failures of its predecessors served as the foundation for the formation of Xera Italy. Safir International, a Ponzi scheme centered on Zeniq Coin, was briefly rebranded as Neo ZenTech by My Neo Group before eventually imploding. Success Factory, another dubious venture, was a derivative of the DagCoin Ponzi scheme that failed in August 2023 when its CEO, Nils Grossberg, was arrested and later released before fleeing to Dubai.
The Blockchain Era, the fourth incarnation of the failing WeWe Global Ponzi scheme, likewise saw its fortunes dwindle, prompting its incorporation into the new Xera Italy company.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Xera Italy is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Xera Italy, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Concerning Issues Present at Xera Italy
Xera Italy, managed by individuals with previous involvement in these discredited schemes, intends to continue fraudulent activities through Quantwize, a new AI trading bot Ponzi scheme. Xera Italy offers investment packages ranging from 110 EUR to a startling 1.11 million EUR, offering dubious benefits such as CloudK NFTs and additional earnings through simulated mining.
The company is aggressively soliciting investments in EURX, a new cryptocurrency, and CLFI, another token, using a unilevel remuneration system to sustain itself through the infusion of new investor capital.
Xera Italy’s operations have already sparked widespread debate and mistrust. The corporation is accused of engaging in employment benefit fraud, which raises major questions about its corporate ethics and legal compliance. Furthermore, Xera Italy’s connections to persons with a history of Ponzi schemes put a lengthy shadow over its validity, implying that it may be running similar fraudulent investment schemes.
The unregulated nature of Xera Italy poses significant dangers to consumers and investors because there is no oversight to protect their interests. This lack of oversight, along with the company’s murky practices, fosters a climate conducive to financial abuse.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Xera Italy Customer Service: Do They Handle Complaints Well?
Numerous complaints have been filed against Xera Italy, citing poor customer service, delayed payments, excessive fees, and opaque leadership structures. These allegations depict a picture of a firm that is not just untrustworthy, but also possibly deceitful in its interactions with customers and investors.
Furthermore, Xera Italy’s marketing strategies have come under criticism. The organization has been accused of concealing bad ratings beneath bogus positive ones, giving a false impression of authenticity and confidence. This manipulation of public opinion demonstrates the company’s desire to deceive potential investors and consumers.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Xera Italy Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Xera Italy tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Xera Italy reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Xera Italy, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Xera Italy enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Xera Italy reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Xera Italy.
You should always look out for consumer complaints. In the case of Xera Italy, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Xera Italy? You can share your complaint in the comment section or submit an anonymous tip.
Is Xera Italy Legit Or a Scam?
Xera Italy originated in Dubai, where three defunct schemes merged. This relationship calls into question the validity of Xera Italy, implying that it is part of a bigger network of fraudulent firms based in Dubai. The lack of openness regarding Xera Italy’s leadership, operations, and financial health exacerbates these problems, making it a company to be approached with extreme caution.
The combination of these red flags indicates a pattern of unethical business practices in Xera Italy. The company’s efforts to conceal its true character by rebranding and merging with other bogus businesses indicate a determined intent to continue abusing investors under a new identity. This kind of deception is typical of Ponzi schemes, which use frequent rebranding and reorganization to avoid detection and continue their fraudulent activities.
While Xera Italy’s operations are mostly centered in Italy, the possibility of its fraudulent actions spreading outside national lines is high. The global nature of bitcoin and MLM scams implies that investors from all over the world may be at danger. The company’s efforts to recruit worldwide investors by promoting new cryptocurrencies and tokens highlight the necessity for global attention and cooperation in combatting such schemes.
The establishment of Xera Italy serves as a sharp reminder of the importance of vigilance and regulation in the cryptocurrency and MLM sectors. Investors should be aware of organizations having a history of dishonesty and undertake extensive due research before committing funds. As Xera Italy seeks new investors, it is critical to be suspicious and informed to avoid becoming a victim of yet another Ponzi fraud.
Xera Italy is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Xera Italy can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Xera Italy?
Finally, Xera Italy marks a new chapter in the continuous saga of MLM crypto frauds. With its roots in the failures of Safir International, Success Factory, and The Blockchain Era, and its operations marred by charges of fraud, poor business practices, and a lack of transparency, Xera Italy is a firm to be approached with extreme caution. The multiple red flags surrounding its operations indicate that it is a continuation of the fraudulent methods that defined its predecessors, making it a high-risk investment for any prospective investor.
All the evidence suggests that Xera Italy is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Xera Italy a scam?
Can I withdraw money from Xera Italy?
Where is Xera Italy Located?
How do I get my money back from Xera Italy?
How The Xera Italy Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
