Liyeplimal has received a joint securities fraud warning from Angola’s Comissao do Mercado de Capitais (CMC) and National Bank.
As per the August 4th notice, the CMC and National Bank of Angola warn Liyeplimal
investors are only responsible for purchasing investment packages, which pay weekly interest that guarantee returns of 60/70% per year.
We alert you to the fact that the cryptocurrency entitled
Limo
, does not have a market capitalization, is not traded on any known stock exchange, as well as to the fact that the entity acting through the
website
identified above is neither authorized nor registered with the CMC, nor of the BNA, for the exercise of any activity of financial intermediation in Angola.
The “website identified above” is Liyeplimal’s company website.
The CMC and National Bank of Angola’s joint-warning is the equivalent of a securities fraud warning in other jurisdictions.
Upon investigation, the CMC and National Bank of Angola observed Liyeplimal being promoted nationally via
several representatives working on social networks, which, in order to attract investors, they share videos on their Youtube channels and send telephone messages about ways to invest through this platform, as well as encourage these same investors to become Liyeplimal agents.
A similar warning was
issued by the African regulator COSUMAF
last October. The west African regulator CREPMF
followed up with their own warning
in March 2021.
It appears since then that Liyeplimal promotion is spreading down the west African coast.
Alexa currently estimates Angola is providing 75% of traffic to Liyeplima’s website.
BehindMLM
reviewed Liyeplimal
in mid 2020. We found a typical MLM Ponzi points scheme.
Liyeplimal is run by serial Ponzi promoter Simb Emile Parfait. Parfair relocated from Cameroon to Dubai in late 2020.
Dubai is a
safe-haven for scammers
due to a lack of regulation and non-cooperation with the foreign governments.
🤖 Quick Answer
What is the Liyeplimal securities fraud warning issued in Angola?Angola's CMC and National Bank issued a joint warning against Liyeplimal, an unauthorized financial entity operating through an unregistered website. The warning alerts investors that Liyeplimal offers investment packages with guaranteed annual returns of 60-70% and promotes the cryptocurrency Limo, which lacks market capitalization and legitimate exchange trading.
Is Liyeplimal authorized to operate in Angola?
No. Liyeplimal is neither authorized nor registered with Angola's CMC or National Bank to conduct any financial intermediation activities within the country's jurisdiction, according to the August 4th official notice.
What is the cryptocurrency Limo associated with Liyeplimal?
Limo is a cryptocurrency promoted by Liyeplimal that possesses no market capitalization and is not traded on any recognized stock exchange, making it an
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