Liyeplimal Review- Scam

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Cameroon has arrested the owner of the Liyeplimal Ponzi scheme, Emile Parfait Simb. According to businesses in Cameroon, officials picked up Simb at Duoala Airport on May 26.

He was on the verge of boarding a flight to Morocco.

The Liyeplimal Ponzi scheme was a relaunch of Simb’s Global Investment Trading fraud.

Late in 2021, Liyeplimal failed due to several regulatory warnings in Africa, where the majority of investors were recruited. Simb relaunched his Ponzi scheme with a new shitcoin in January 2022.

The relaunch of Liyeplimal lasted less than two months before failing once more. According to Business in Cameroon, Simbwas was apprehended after the Yaoundé Court of First Instance issued an arrest warrant for him.   

According to our sources, one hundred Liyeplimal members who were unable to collect their investment returns filed a fraud complaint against Global Investment Trading at the beginning of 2022.   

The company’s legal representative, Emile Parfait Simb, has been summoned multiple times but has never appeared.   

In addition, Simb has been charged with “severe fraud,” including money laundering and insider trading, according to CamerounWeb. Despite the severity of the allegations, Simb was reportedly released on bail on Friday. The terms of Simb’s bail require him to forfeit his Cameroonian passport. However, as CamerounWeb points out, what can this do to stop him if he believes he has many passports, including one from the Central African Republic?   

According to competent observers, Simb enjoys a high level of protection inside the state apparatus, including the judiciary, police, and security agencies.   

Simb’s current status is unknown following his release on Friday.

Cameroon has arrested the owner of the Liyeplimal Ponzi scheme, Emile Parfait Simb. According to businesses in Cameroon, officials picked up Simb at Duoala Airport on May 26. He was on the verge of boarding a flight to Morocco. The Liyeplimal Ponzi scheme was a relaunch of Simb’s Global Investment Trading fraud. Late in 2021,…

Cameroon has arrested the owner of the Liyeplimal Ponzi scheme, Emile Parfait Simb. According to businesses in Cameroon, officials picked up Simb at Duoala Airport on May 26. He was on the verge of boarding a flight to Morocco. The Liyeplimal Ponzi scheme was a relaunch of Simb’s Global Investment Trading fraud. Late in 2021,…

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