Liyeplimal has acquired a securities fraud warning from the Ontario Securities Fee (OSC).
The OSC issued 5 Liyeplimal fraud warnings on November twenty seventh, pertaining to Liyeplimal, International Funding Buying and selling, Simtrex Business Brokers, SimbCoin and LimoCoin.
BehindMLM reviewed Liyeplimal in 2020. It’s an MLM crypto Ponzi, constructed round varied shitcoins – the most recent of which is LimoCoin Swap.
Oddly sufficient, Liyeplimal collapsed in February 2022. The web site remains to be up nonetheless and. given OSC’s fraud warning, it appears traders are nonetheless being recruited.
For October 2023, SimilarWeb tracked simply ~50,000 visits to Liyeplimal’s web site. 8% of that site visitors originated from France, 6% from ANgola, 5% from the US, 5% from Indonesia and 5% from Senegal.
Given Canada isn’t listed as a big supply of Liyeplimal web site site visitors, I’m guessing somebody who speaks French is selling it in Ontario.
Liyeplimal is run by Emile Parfait Simb, a serial Ponzi scammer from Africa.
In Might 2022 Cameroon authorities arrested Simb, just for him to vanish underneath murky circumstances a month later.
Simb’s present whereabouts are unknown however he stays a wished fugitive in Cameroon.
Along with Ontario, Liyeplimal has acquired regulatory fraud warnings from COSUMAF (2020), West Africa (2021), Quebec (2021), Angola (2021) and British Columbia (2021).