CBI Review- Scam

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In order to keep his CBI Global Ponzi scheme afloat, Coenie Botha has to put in more and more work.    There are now 16% deposit fees, withdrawal fees, KYC barriers, and strict daily withdrawal limits.  

In March, the Bank of Namibia froze Coenie Botha’s fiat assets, which exacerbated his regulatory issues.    Botha’s Ponzi scheme was moved to DafriBank after he was contacted by DafriBank.   

As an offshore financial services provider, DafriBank is based in the Comoros Islands.   

Investors in CBI Global received a May 9th email informing them of this:  “Please accept our sincere apologies for any confusion caused by the DafriBank withdrawal costs. Deposit fees for USDT deposits range from 10% to 3%. (if you own a DBA, which is the case with us). Transferring your funds requires that we make an initial US dollar-to-cryptocurrency deposit, which costs us 3%. This fee was previously 0%. Then there’s the 1% fee for an internal transfer. We were unable to carry the additional 3% fee, so we tacked on the 1% transfer fee to cover it. This is where the message of the 4% withdrawal fee increase was misinterpreted. Our cost has increased from 1% to 4% due to the additional 3% we must pay to get the funds to you, regardless of how you read it. This is the bottom line. DafriBank charges a 16 percent deposit fee for Bitcoin deposits, making this method even more cost-effective. We hope the confusion has been resolved.” 

CBI Global investors charge a deposit fee of 16 percent. Even if they comply with the demands of CBI Global, they will be charged a fee of 4%.  Remember that this is only for CBI Global participation.   

After fees have been paid and investors’ funds have been imprisoned at CBI Global, “new KYC laws” must be handled.   

According to an email sent to CBI Global investors on April 13th, “we can only honor the following payment conditions until all of our members have met the KYC requirements on all four levels because of the new KYC Regulations that we must comply with in relation to our VASP License.”   

Botha claims that CBI Global withdrawals have been limited by KYC restrictions. 

Fiat currency and 20,000 CBI Ponzi points each day.   

Dayly withdrawal of BTC from the CBI Global backend  Botha’s claim is that your bank flags investor bank accounts even if you don’t restrict withdrawals. KYC is frequently used by Ponzi schemes in their last days as a technique of restricting withdrawals if your account surpasses specified restrictions.   

When the majority of CBI Global’s investors are located in Namibia and South Africa, it is ludicrous that the company can achieve any meaningful KYC.   

Botha filed a lawsuit against the Bank of Namibia last month in an attempt to make Ponzi schemes lawful in the country. Until now, there have been no public updates on the investigation.

In order to keep his CBI Global Ponzi scheme afloat, Coenie Botha has to put in more and more work.    There are now 16% deposit fees, withdrawal fees, KYC barriers, and strict daily withdrawal limits.   In March, the Bank of Namibia froze Coenie Botha’s fiat assets, which exacerbated his regulatory issues.    Botha’s…

In order to keep his CBI Global Ponzi scheme afloat, Coenie Botha has to put in more and more work.    There are now 16% deposit fees, withdrawal fees, KYC barriers, and strict daily withdrawal limits.   In March, the Bank of Namibia froze Coenie Botha’s fiat assets, which exacerbated his regulatory issues.    Botha’s…

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