The larger the efforts Coenie Botha goes to maintain his CBI International Ponzi working, the tougher his traders get screwed.
The most recent is 16% deposit charges, withdrawal charges, KYC roadblocks and exhausting every day withdrawal limits.
Coenie Botha’s regulatory issues obtained severe when the Financial institution of Namibia froze his fiat property again in March.
This prompted Botha (under) to migrate his Ponzi scheme to DafriBank.
DafriBank is a shady offshore monetary service supplier integrated on Comoros Island.
As per a Might ninth e mail despatched out to CBI International traders, right here’s how that’s going;
WE SINCERELY APOLOGISE for the misunderstanding relating to withdrawal charges by way of DafriBank.
The charges for USDT DEPOSITS are 10% or 3% (if you happen to personal DBA, which is the case with us).
To ensure that us to switch your withdrawal, we make the deposit in USDT and that calls for a price of three% from us. Beforehand this price was 0%. Then to make an inside switch is one other 1%.
Sadly we can’t carry the extra price of three% so charged and added that with the 1% switch price.
That is the place the message of the withdrawal price that elevated to 4% was misunderstood.
The underside line is: Regardless of the way you learn it, the prices for us to get the funds to you has improve from 1% to 4% due to the extra 3% we’ve to pay to get the funds to you.
Making a BTC Deposit into DafriBank requires a deposit price of 16% which makes this manner nonetheless less expensive.
We belief the misunderstanding is now clear.
CBI International traders are being slugged with a 16% DafriBank deposit price. Even when they leap by means of CBI International’s hoops, they’re charged 4%.
Bear in mind, that is simply to take part in CBI International.
As soon as charges are paid and investor funds are trapped in CBI International, “new KYC rules” have to be handled.
As per one other April thirteenth e mail to CBI International traders;
DUE to the brand new KYC Laws, that we have to adjust to relating to our VASP License, we will solely honour the next cost circumstances till all our members have complied with the KYC Necessities on all 4 Ranges.
Botha claims KYC rules means he’s needed to restrict CBI International withdrawals to:
- 20,000 CBI Ponzi factors a day in fiat and
- 1 BTC a day from the CBI International backoffice
Botha claims even when he didn’t limit withdrawals, investor
financial institution accounts get flagged by your financial institution, in any case, in case your account exceed these limits!
KYC is commonly trotted out by Ponzi schemes of their dying days as a method to limit withdrawals.
That CBI International can obtain any significant KYC when it’s below regulatory investigation in Namibia and South Africa, the place most of its traders are primarily based, is laughable.
In an try and legalize Ponzi schemes in Namibia, Botha sued the Financial institution of Namibia final month. There have been no additional public updates to the case.