Liyeplimal has received a securities fraud warning from the Ontario Securities Commission (OSC).

The OSC issued five Liyeplimal fraud warnings on November 27th, pertaining to
Liyeplimal
,
Global Investment Trading
,
Simtrex Commercial Brokers
,
SimbCoin
and
LimoCoin
.

BehindMLM
reviewed Liyeplimal
in 2020. It’s an MLM crypto Ponzi, built around various shitcoins – the latest of which is
LimoCoin Swap
.

Oddly enough, Liyeplimal
collapsed
in February 2022. The website is still up however and. given OSC’s fraud warning, it seems investors are still being recruited.

For October 2023, SimilarWeb tracked just ~50,000 visits to Liyeplimal’s website. 8% of that traffic originated from France, 6% from ANgola, 5% from the US, 5% from Indonesia and 5% from Senegal.

Given Canada isn’t listed as a significant source of Liyeplimal website traffic, I’m guessing someone who speaks French is promoting it in Ontario.

Liyeplimal is run by Emile Parfait Simb, a serial Ponzi scammer from Africa.

In May 2022 Cameroon authorities
arrested Simb
, only for him to
disappear
under
murky circumstances
a month later.

Simb’s current whereabouts are unknown but he remains a wanted fugitive in Cameroon.

In addition to Ontario, Liyeplimal has received regulatory fraud warnings from
COSUMAF
(2020),
West Africa
(2021),
Quebec
(2021),
Angola
(2021) and
British Columbia
(2021).

🤖 Quick Answer

What securities fraud warning did Liyeplimal receive from Ontario?
The Ontario Securities Commission issued a fraud warning against Liyeplimal on November 27th, alongside warnings for Global Investment Trading, Simtrex Commercial Brokers, SimbCoin, and LimoCoin. The warning followed BehindMLM's 2020 assessment identifying Liyeplimal as an MLM cryptocurrency Ponzi scheme.

When did Liyeplimal collapse and what is its current status?
Liyeplimal collapsed in February 2022. Despite its collapse, the website remains operational, and the OSC fraud warning indicates investor recruitment continues. In October 2023, SimilarWeb recorded approximately 50,000 monthly visits to the platform.

Which countries generated the most traffic to Liyeplimal's website?
As of October 2023, France accounted for 8

🔗 Related Articles

- Wombia Review: Daily returns MLM crypto Ponzi scheme
- BitBest Review: Staking model MLM crypto Ponzi
- EcoLine Review: “Energy-saving” themed MLM crypto Ponzi
- Bity.Pro Review: 2% an hour MLM crypto Ponzi
- Brainstorm Review: Trading ruse Dubai Ponzi scheme