XP Faced Investigation Over Ponzi-Like Fund Structure — Here’s How You Can Recover Your Losses

XP faced an investigation over using risky investment funds that looked like a Ponzi scheme to fake profits and mislead investors.

What is this investigation about?

In March 2025, Grizzly Research reported that one of XP’s top-performing funds — the Gladius fund — was actually a Madoff-like Ponzi scheme. The report claimed that that the money from new investors was used to pay returns to earlier ones — rather than profits coming from actual investments.

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

The case is already under investigation by at least one reputable law firm.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify XP investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.