Investigative Report on Gorka Buces

As an investigative journalist, I’ve spent countless hours chasing leads, uncovering hidden truths, and exposing those who operate in the murky corners of finance. My latest subject, Gorka Buces, is a figure whose name keeps surfacing in connection with questionable crypto ventures and multi-level marketing (MLM) schemes. This report dives into the allegations, associations, and risks surrounding Buces, with a sharp eye on his apparent efforts to obscure his digital footprint. For potential investors and authorities, this is a wake-up call: proceed with extreme caution, because where there’s smoke, there’s usually a fire—and Buces is practically a walking inferno.

Key Points

• Gorka Buces is linked to multiple collapsed Ponzi schemes, including Xifra, Decentra, and Xera Pro, with the latter rebranded as Homnifi in 2024.
• Allegations of fraud and securities violations surround Buces, tied to his roles in unregulated crypto and MLM ventures operating out of Dubai.
• Adverse media suggests Buces is actively involved in schemes promising high returns with no intrinsic value, leaving investors holding worthless tokens.
• Evidence of information suppression, including sparse public records and limited online presence, raises suspicions of deliberate reputation management.
• Associations with known fraudsters like Jonathan Sifuentes and Nils Grossberg amplify concerns about Buces’ credibility and intentions.

Overview

Gorka Buces is a figure in the cryptocurrency and MLM space, often positioned as a visionary or co-founder in ventures like Xera Pro and its successor, Homnifi. Previously, he served as Chief Visionary Officer (CVO) for Xifra and Decentra, both of which are widely regarded as Ponzi schemes that collapsed after defrauding investors. Buces’ current activities center around Homnifi, a Dubai-based operation that emerged from the ashes of Xera Pro in August 2024. Homnifi markets itself as a Web3 platform offering passive returns through LayerK crypto mining and Quantwise bot trading, but its structure mirrors classic Ponzi schemes, relying on new investor funds to pay earlier participants. Buces’ role as a co-founder of Xera Pro and his history with failed schemes make him a central figure in a pattern of financial misconduct.

Allegations and Concerns

The allegations against Buces are severe and well-documented in adverse media:

• Ponzi Scheme Involvement: Buces is tied to Xifra, Decentra, and Xera Pro, all accused of operating as Ponzi schemes. Xifra allegedly defrauded 500,000 people across multiple countries, while Xera Pro, launched in January 2024, collapsed by July 2024 after a fraud alert in Australia. Homnifi, its reboot, continues the same MLM model, violating securities regulations.
• Securities Fraud: Neither Xera Pro nor Homnifi is registered to offer securities in any jurisdiction, a hallmark of fraudulent schemes. The LYK token, central to Homnifi, is described as having no intrinsic value, leaving investors at risk of significant losses.
• Connection to Known Fraudsters: Buces’ association with Jonathan Sifuentes, a figure barred from the U.S. due to legal issues in Arizona, and Nils Grossberg, a promoter of the OneCoin Ponzi scheme, raises serious red flags. These connections suggest a network of serial scammers.
• Information Suppression: The scarcity of public information about Buces, combined with the rapid rebranding of his ventures, points to deliberate attempts to obscure negative media and evade scrutiny.

Customer Feedback

Customer reviews of Xera Pro and Homnifi are polarized, with a clear divide between promoters and victims:

• Positive Reviews: Some reviews praise Xera Pro’s platform, citing its “innovative” products like cloud minting and AI trading bots. One user claimed, “XERA is a company that operates with 100% integrity… the best decision I have ever made.” These reviews often come from distributors or affiliates who benefit from recruitment commissions.
• Negative Reviews: The majority of feedback is scathing, with users labeling Xera Pro and Homnifi as scams. One reviewer wrote, “XERA is a website founded by 4 MLM scams that failed… All XERA leaders came from the 4 failed scams and have a long history of financial fraud.” Another stated, “They stole all the investments and kept changing names… The truth is that this project is a scam and its owners are thieves who, along with some promoters, definitely should be in prison!”
• Trustpilot Concerns: Xera Pro’s TrustScore is middling (2.9/5), with complaints about frozen funds and lack of transparency. Users report, “I have pretty big funds frozen on the old platform, never returned… STAY AWAY,” highlighting the financial losses and distrust.

Risk Considerations

The risks associated with Buces and his ventures are multifaceted:

• Financial Risk: Investors face near-certain losses due to the Ponzi structure, where returns depend on new investor funds. The collapse of Xera Pro and the devaluation of tokens like LYK underscore this danger.
• Reputational Risk: Associating with Buces or Homnifi could tarnish an investor’s or partner’s reputation, given the well-documented fraud allegations and regulatory warnings.
• Legal Risk: Operating unregistered securities from Dubai, a hub for MLM scams, exposes Buces and his affiliates to potential investigations by global regulators like the SEC or ASIC. Investors may also face legal challenges recovering funds.
• Operational Risk: The frequent rebranding (e.g., Xera Pro to Homnifi) and lack of transparent communication (no two-way interaction on platforms like Telegram) suggest instability and a high likelihood of sudden collapse.

Business Relations and Associations

Buces is deeply entangled with a network of individuals and entities linked to fraudulent schemes:

• Jonathan Sifuentes: Alleged mastermind of Xifra, accused of defrauding 500,000 people. Buces’ association with Sifuentes ties him to a massive fraud operation.
• Nils Grossberg: Head of global partnerships at Xera Pro, founder of Ponzi schemes DagCoin and Success Factory. His involvement signals a pattern of serial scamming.
• Erwin Dokter: Connected to LayerK and WalleK, which form the cryptographic backbone of Homnifi’s Ponzi model. Dokter is also linked to Safir International and Zeniq Coin.
• Jose Gordo: A fugitive OneCoin promoter involved in WeWe Global and The Blockchain Era, now part of Homnifi’s leadership.
• Homnifi and Xera Pro: These entities, operated from Dubai, are built on the remnants of collapsed schemes like Safir International, Success Factory, and The Blockchain Era. Homnifi’s compensation plan, offering 10% referral commissions and residual payments, follows a binary MLM structure designed to incentivize recruitment over product value.

Legal and Financial Concerns

• Regulatory Warnings: A fraud alert issued by the Australian Securities and Investments Commission (ASIC) on April 23, 2024, flagged Xera Pro for securities violations, triggering withdrawal issues by July 15, 2024.
• No Registered Securities: Neither Xera Pro nor Homnifi is registered with any financial regulator, a clear violation of securities laws in most jurisdictions.
• Frozen Funds: Multiple customer complaints report funds being locked on Xera Pro’s platform, with no clear recourse for recovery.
• No Bankruptcy Records: There are no public records of personal bankruptcy for Buces, but the collapse of his ventures suggests financial instability at the corporate level.
• Potential Investigations: Given the scale of the alleged Xifra fraud and the regulatory warning against Xera Pro, Buces may face scrutiny from authorities in multiple countries, though no specific lawsuits are currently documented.

Risk Assessment Table

Expert Opinion

Gorka Buces is a textbook example of a figure thriving in the gray areas of the crypto world, where promises of wealth mask predatory schemes. His track record—Xifra, Decentra, Xera Pro, and now Homnifi—shows a pattern of exploiting investor trust through MLM tactics and rebranding to evade accountability. The pros? If you’re a scammer looking for a playbook, Buces has mastered the art of reinvention. The cons? For everyone else, he’s a walking red flag, with a history of leaving investors penniless and regulators scrambling.

The deliberate scarcity of public information about Buces suggests a calculated effort to suppress adverse media, likely through SEO manipulation or legal pressure to remove negative content. This opacity, combined with his ties to serial fraudsters like Sifuentes and Grossberg, makes him a high-risk individual for any investor or business partner. My advice: steer clear. If you’re an investor, your money is safer under a mattress than in Buces’ hands. Authorities should prioritize investigating his role in these schemes, as the scale of alleged fraud demands accountability.

Key Citations

• Decripto.org: “Xera Pro crypto scam: the collapse of the mega Ponzi scheme and the birth of Homnifi”
• BehindMLM: “Homnifi Review: Xera Pro ‘mega Ponzi’ collapses”
• Trustpilot: XERA Pro Reviews
• DANNY : DE HEK: “Homnifi Exposed: How Serial Scammers Keep Rebranding the Same Ponzi Scheme”
• Cybercriminal.com: Investigation on Gorka Buces