Liyeplimal has received a securities fraud warning from British Columbia’s Securities Commission.

As per the BCSC’s July 13th warning, Liyeplimal and its parent company Global Investment Trading are

based in Cameroon , and … also claims to offer cryptocurrency trading services.

We are aware that Global Investment Trading – Liyeplimal accepts British Columbia (BC) residents as clients.

Global Investment Trading – Liyeplimal is not registered to trade in, or advise on, securities or derivatives in BC.

BehindMLM
reviewed Liyeplimal
in July 2020. As per its business model, Liyeplimal is a Ponzi scheme centered around XAF Ponzi points investment.

The BCSC’s securities fraud warning follows Quebec’s Autorite Des Marches Financiers, who
issued a similar warning
in June.

Liyeplimal and Global Investment Trading are operated by serial Ponzi promoter Simb Emile Parfait.

Last weekend Parfait appeared at a Liyeplimal promotional event held in Douala, Cameroon.

Cameroon falls under the jurisdiction of the Commission de Surveillance du Marche Financier de L’Afrique Centrale, better known as COSUMAF.

COSUMAF issued their own
Liyeplimal securities fraud
warning last October.

Locally Cameroonian authorities have failed to take any further action.

🤖 Quick Answer

What is Liyeplimal and why did British Columbia's Securities Commission issue a warning?
Liyeplimal, a Cameroon-based company alongside parent firm Global Investment Trading, received a securities fraud warning from the BCSC in July. The company operates as an unregistered securities trader accepting BC residents, offering cryptocurrency and investment services. BehindMLM identified it as a Ponzi scheme centered on XAF points investment, lacking proper regulatory authorization.

Why is Liyeplimal considered fraudulent?
Liyeplimal operates without registration to trade securities or derivatives in British Columbia. Its business model centers on XAF Ponzi points investment, classified as a Ponzi scheme by independent analysis. The company accepts clients from regulated jurisdictions while lacking required authorization, violating securities regulations in multiple Canadian provinces.

What regulatory actions have been taken against Liyeplimal?
British Columbia's

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