Simb Emile Parfait’s Liyeplimal Ponzi scheme collapsed within the lead as much as Christmas.
The scheme was rebooted with LimoCoin SWAP, however studies point out that’s not going too effectively.
Liyeplimal’s unique enterprise mannequin noticed the Ponzi function by way of Limo and XAF.
Each are ERC-20 shitcoins, which take 5 minutes to arrange at little to no value.
On or round December 2nd, Liyeplimal collapsed.
Limo and XAF have been deserted and changed by LimoCoin SWAP.
LimoCoin SWAP purportedly operates on each the ethereum and binance smartchain blockchains.
As reported by a reader, over the previous month LimeCoin has ‘dropped from initially 1 USD+ to one thing beneath 0.04 USD.’
Liyeplimal don’t publish LimoCoin SWAP’s present inside worth on their web site.
LimoCoin SWAP on BSC is publicly listed at 3.2 cents.
Liyeplimal was topic to quite a few regulatory warnings all through late 2020 and 2021.
COSUMAF in Africa kicked issues off in October 2020. They had been adopted by West Africa, Angola and Canada (BC and Quebec).
In response to rising regulatory scrutiny, Liyeplimal’s mother or father firm World Funding Buying and selling was renamed to Simtrex Business Brokers LLC.
Parfait himself fled Africa for Dubai. With restricted extradition treaties and no lively MLM securities fraud regulation, Dubai is a safe-haven for MLM scammers.
On its web site Liyeplimal claims it has “a cryptocurrency mining license in Dubi [sic]”.
Alexa’s visitors evaluation suggests the biggest pool of Liyeplimal victims are from Cameroon (13%).
Replace twentieth February 2022 – Liyeplimal’s LimoCoin SWAP has additionally collapsed.