Beware of Liyeplimal- Review

For the second time, the Liyeplimal Ponzi scam has failed.

In the run-up to Christmas, the original Liyeplimal, which was erected around Limo and XAF Ponzi points, collapsed.

Owner Emile Parfait Simb restarted Liyeplimal using LimoCoin SWAP in an attempt to keep the money coming in.

That lasted until February 14th, when Liyeplimal fell once more.

Liyeplimal investors have been protesting outside the company’s Cameroonian headquarters, as reported by Business In Cameroon on February 18th.

It’s unknown why Liyeplimal still operates operations in Cameroon. Since late 2020, authorities in that country have been aware of the Ponzi scheme.

Simb appears to have gone into hiding following Liyeplimal’s second collapse.

Emile Parfait Simb was approached by Business in Cameroon to obtain his thoughts on the recent wave of demonstrations.

The purpose was to see if ‘investors’ had been duped and if the promoter had indeed fled Cameroon, as rumors suggested.

All of the queries, however, went unanswered. Instead, we received automated Whatsapp responses. “I’m not on Whatsapp anymore.”

Simb is rumored to be promoting his own chat app.

Liyeplimal is operated by Simba, a Cameroonian, through Global Investment Trading.

The total amount of money lost by Liyeplimal investors is unclear. Given Liyeplimal’s track record, I wouldn’t be shocked if the losses were in the tens of millions.

Stay tuned for more information as it becomes available…

30th of May, 2022 – Emile Parfait Simb was apprehended on May 26th in Cameroon.

He is accused of money laundering and insider trading, among other things.

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