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XP.US
id: 1566

XP (XP): Investigation Into Ponzi-Like Fund Structure and Misleading Investment Practices

Attorneys review the case details to decide whether to proceed with a class action.
  • XP executives are being investigated for using risky investment funds that looked like a Ponzi scheme to fake profits and mislead investors.
  • The company is also being questioned over conflicts of interest, unclear product sales, and issues with its Gladius and Coliseu funds.
  • Investors are currently investigating whether XP executives misled investors or committed fraud.
  • All affected $XP investors can join now to stay updated on the case and potential recovery.
Case Details:

A March 2025 report by Grizzly Research raised major concerns about one of XP’s top-performing funds — the Gladius fund — which reportedly returned over 2,400% in five years with almost no volatility. The report called these results "mathematically impossible."

Former employees described the fund’s setup as a “Madoff-like Ponzi scheme”. This implies that the money from new investors was used to pay returns to earlier ones — rather than profits coming from actual investments.

The report also said XP tried to avoid regulatory checks by requesting an exemption from Brazil’s financial transparency rules — a request that was denied.

Additionally, XP’s core products, known as COEs (structured notes), are heavily pushed to everyday investors. These products are often complex, high-cost, and sold with little explanation of the risks.

According to the report, XP’s profits would collapse without these funds, suggesting the company is not truly profitable once these are removed.

With growing concerns about how XP manages its funds, handles its finances, and follows regulations, investors are now investigating whether XP executives misled the public or engaged in serious misconduct.

All affected investors can join now to stay updated on the case and potential recovery.
Case Status
Attorney Investigation
Alleged Offence
Mismanagement
Financial Misrepresentation
Fraud
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Short
Shock Event Date
03/12/2025

Xp Inc

XP Inc. provides financial products and services in Brazil. The company operates XP Platform, an open product platform that provides clients to access investment products in the market comprising b...

    Ticker
    XP.US
    ISIN
    KYG982391099
    CIK
    0001787425
    Sector
    Financial Services
    Industry
    Capital Markets
    Country
    USA
    Address
    20, Genesis Close, Grand Cayman, Cayman Islands, KY-1-1208