A court has ordered the Bank of Namibia to fund CBI Global. The Bank of Namibia is Namibia’s top financial regulator. CBI Global is a Ponzi scheme. Oh dear. As part of their efforts to shut down CBI Global, run by serial Ponzi scammer Coenie Botha (below), the BoN froze Botha’s assets in March. This […]
Court orders Bank of Namibia to fund CBI Global Ponzi Read More »
When you visit CBI Global’s website the first thing you’ll see up top is a VASP registration message: CBI Exchange (Pty) Ltd is a registered Virtual Asset Service Provider registered with the Financial Intelligence Centre (FIC) Namibia – Read our VASP Disclaimer Instead of registering CBI Global with the BoN, Coenie Botha thought he could pull
Coenie Botha misrepresenting CBI Global’s VASP license Read More »
The greater the efforts Coenie Botha goes to keep his CBI Global Ponzi running, the harder his investors get screwed. The latest is 16% deposit fees, withdrawal fees, KYC roadblocks and hard daily withdrawal limits. Coenie Botha’s regulatory problems got serious when the Bank of Namibia froze his fiat assets back in March. This prompted
CBI Global investors drowning in fees, KYC & withdrawal limits Read More »
CBI Global has received a securities fraud warning from South Africa’s Financial Sector Conduct Authority. Cited “investigated parties” in the FSCA’s April 26th warning are Uhuru Tribe Uhuru-X Uhuru Cash CBI X SA CBI Global and Coenraad Barend Nolte Botha Uhuru Tribe was Botha’s first cryptocurrency Ponzi scheme, launched in 2020. Uhuru Tribe operated through
CBI Global securities fraud warning from South Africa Read More »
The problem with ignoring Ponzi schemes, apart from inevitable widespread losses, is people running them start to believe they’re above the law. “Scamming is an inalienable right, how dare you stop me!” That sort of thing. We’ve seen it in South Africa with Cherie Marks and Mirror Trading International. Charles Scoville in the US took his
CBI Global’s Coenie Botha sues BoN for right to scam people Read More »
Coenie Botha is funneling CBI Global investors into the GSPartners Ponzi scheme. The move follows the Bank of Namibia freezing Botha’s business and personal accounts last month. Botha, assisted by South African GSPartners investor Ray De Bruyn, instructed CBI Global affiliates on signing up to GSPartners in a March 10th webinar. GSPartners is an MLM
Coenie Botha funneling CBI Global investors into GSPartners Read More »
CBI Global has collapsed for a third time, marking owner Coenie Botha’ fourth Ponzi collapse. Rather than just admit he’s spend invested funds, Botha is sticking to his regulatory coverup. CBI Global collapsed for a second time last November. At the time Botha (right) trotted out a story about South African regulators. This is because
CBI Global collapses again (Coenie Botha’s 4th Ponzi collapse) Read More »
Coenraad “Coenie” Botha’s CBI Global Ponzi scheme has collapsed for a second time. Rather than just admit it ran out of money, like all Ponzi schemes inevitably do, Botha is blaming South African regulators. In a November 23rd communication sent out to CBI Global investors, Botha (right) advised; We are closing out exchange facilities in
CBI Global collapses again (Coenie Botha’s 3rd Ponzi collapse) Read More »
Leaked Telegram updates reveal CBI Global has disabled payouts. CBI Global is a reboot of the Uhuru Tribe Ponzi scheme, which collapsed late last year. CBI Global announced it was disabling payouts on a July 1st webinar. According to terms and conditions when participating in CBI products CBI reserves the right to freeze pools and
CBI Global disables payouts, Ponzi collapses again Read More »
The Uhuru Tribe Ponzi scheme has collapsed, prompting owner Coenraad “Coenie” Botha to reboot the scam as CBI Global. BehindMLM readers first reported the switch to CBI Global in late October. Due to a typo however, we were only able to confirm the reboot today. CBI Global’s website is full of generic marketing copy. This
Uhuru Tribe Ponzi collapses, rebooted as CBI Global Read More »
