Global Investment Trading (dba Liyeplimal), has received a fraud warning from Quebec’s Autorite Des Marches Financiers.

As per the
AMF’s June 29th warning
, Global Investment Trading is defrauding consumers through “fraudulent representations”.

On the liyeplimal.net website, the company promises investors who acquire “plans” supposedly “guaranteed” weekly returns from trading cryptocurrencies.

The AMF notes that Global Trading Investment is being promoted in Canada through the Facebook page, “LiyeplimalCanada”.

I went looking for this group but couldn’t find it. I did however come across an active Facebook page for “Liyeplimal Quebec”.

The AMF warns;

Global Investment Trading is not registered with the Autorité des marchés financiers in any capacity whatsoever and is therefore not authorized to act as a broker or advisor in securities or derivatives in Quebec.

This is the equivalent of a securities fraud warning in other jurisdictions.

At the time of publication Canada is the second largest source of traffic to Liyeplimal’s website.

The percentage of traffic however has shrunk, down from 16% a year ago to 3.7% today (as estimated by Alexa).

BehindMLM
reviewed Liyeplimal
in July 2020. We found a Ponzi points scheme, run by Global Investment Trading CEO Simb Emile Parfait.

Parfait has a history of promoting MLM Ponzi schemes.

In October 2020 the African regulator COSUMAF issued a s
ecurities fraud warning against Liyeplimal
.

🤖 Quick Answer

What fraud warning has Quebec's financial authority issued against Global Investment Trading?
Quebec's Autorité des marchés financiers issued a fraud warning against Global Investment Trading (operating as Liyeplimal) for making fraudulent representations to consumers. The company falsely promises guaranteed weekly returns from cryptocurrency trading through subscription "plans" on its website, while operating without proper financial registration or authorization.

How is Global Investment Trading promoting its services in Canada?
Global Investment Trading promotes its services in Canada primarily through Facebook pages, including "LiyeplimalCanada" and "Liyeplimal Quebec." These social media channels are used to reach Canadian investors and market the fraudulent investment schemes and cryptocurrency trading plans to potential victims.

What is the regulatory status of Global Investment Trading with Quebec authorities?
Global Investment Trading is not registered with Quebec's Autorité des marchés financiers in any capacity whatsoever. The company operates completely outside the regulated

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