A gaggle of Plaintiffs have filed a securities fraud lawsuit towards Liyeplimal and related scammers within the US.
The events record is so lengthy it spans three pages. Plaintiffs additionally managed to tear off BehindMLM with out quotation.
Liyeplimal was a easy MLM crypto Ponzi scheme, operated by way of limo and XAF.
The rip-off was created and operated by Emile Parfait Simb.
Simb’s precursor Ponzi to Liyeplimal was International Funding Buying and selling, which collapsed previous to Liyeplimal’s launch in 2018.
After Liyeplimal collapsed for the second time again in February, Simb was arrested in Cameroon.
He was then promptly launched and fled the nation in early June.
Cameroonian authorities are suspected of aiding Simb, who’s believed to have fled on a diplomatic passport issued by neighbouring Central African Republic.
That brings us to Plaintiffs’ Liyeplimal securities fraud lawsuit, filed within the District of New Jersey on June twenty third.
Named Plaintiffs within the lawsuit are:
- Solomon Kabore (Virginia, US)
- Hilaire Bouda (New York, US)
- Mayessa M. Koulibay Leman (New York, US)
- Sirina Savadogo (Georgia, US)
- Noelie Tapsoba (New York, US)
- Eleonore Tientcheu (California, US)
- Rosine Foukeng Diouda (South Carolina, US)
- Francois Emmanuel Nguetta (South Carolina (US)
- Hyppolitte Djouda (South Carolina, US)
- Arthur Tiam Ngnepiepaye (Texas, US)
- Edith Tche (Mississippi, US)
- Armel Bemmo (Nevada, US)
- Armel Fixed Boguissogo (Nevada, US)
- Timothee Ntamack (Maryland, US)
- Dieudonne Mananga (Texas, US)
- Paul Ekwalla Ekollo (Canada)
- Sabine Hortense Ntsama (Canada)
- Annie Ngo Dipoumbi (New York, US)
- Nwafo Wandji Cathy Stella (Cameroon) and
- Kumakolo Frida Paola (New York, US)
The 100 and twenty-four named Liyeplimal Defendants are:
- International Funding Buying and selling S.A. d/b/a Liyeplimal
- Simtrex Business Brokers LLC (“Simtrex”)
- Emile Parfait Simb (Cameroon, fled the nation and is on the run)
- Cecile Jeannette Fotso Benga (Canada)
- Joseph Flaubert Nya (Canada)
- Mbogmis Nee Bassomo Marthe Angeline (Cameroon)
- Serge Fogue (not specified)
- Yetna Yetna Mathieu (Cameroon)
- Aimé Samuel Koum (France)
- Alain Bessala (Canada)
- Albert Noel Tchuente (Michigan, US)
- Aloys Rodrigue Nouck (Cameroon)
- Anny P N Elodie Assih (unknown)
- Augustin Bouda (unknown)
- Augustine Reine Souvenirs Ngo Nhiomog U Maih (Cameroon)
- Benoît Bea Moualal (Cameroon)
- Bernard Bayiha (Cameroon)
- Bienvenu Bamouni (Burkina Faso)
- Boubakar Diarra (Cameroon)
- Brice Houssou (unknown)
- Charles Takam Noule (Maryland, US)
- Christophe Nyobe Nlend (Cameroon)
- Claudine Manga (Cameroon)
- Claudine Sylvie Eloumou Akama Epse Manga (Cameroon)
- Clementine Nadege Moualal (Cameroon)
- Daniel Le Bon Kema’euga Tchouzou (Cameroon)
- Daniel Njome Moussinga (Cameroon)
- David Christian Kom (Cameroon)
- Need Olomo (Cameroon)
- Jack Rayane Djapa Tchagwo (Canada)
- Dominique Bitjoka (Cameroon)
- Edouard Arsen Ouattara (New Jersey, US)
- Ekwalla Nathan Man Herve Ntone (Cameroon)
- Emmanuel Foko (unknown)
- Germaine Simb (Cameroon)
- Evelyn Moche (Maryland, US)
- Ferdinand Ngangue (unknown)
- Fils Ngai Ngai (unknown)
- Frederick Some M (unknown)
- Fru Anna Ebenye Epse Fru (Cameroon)
- Anne Ebenye Epse Fru (Cameroon)
- Gilles Aujol (France)
- Sacko Dapa (France)
- Honorine Ratolojanahary (Cameroon)
- Jacques Landry Bikai (Cameroon)
- Jean Calvin Abela (Cameroon)
- Jeanne D’arc Bidjoni (Cameroon)
- Jeff Jullian Djapa Sapeya (Cameroon)
- Jeffe Koumbou F (Cameroon)
- Jodel Armand Mandeng Ntsimi (Cameroon)
- John Mandeng (Maryland, US)
- Jules Honore Nyeck (Cameroon)
- Julienne Ndje (Cameroon)
- Junior Maih (Mauritius)
- Koanda Ousmane (Burkina Faso)
- Laure Epiphanie Ndakgo (Canada)
- Lise Amandine Mouendi (Cameroon)
- Mahamadou To (Burkina Faso)
- Mambo Epse Koum Julienne (unknown)
- Martin Brochu (France)
- Mateck Epouse Bayiha Josephine Nicole (Cameroon)
- Mathieu Yetna Yetna (Cameroon)
- Mensah Dakevi (Togo)
- Monique Yohana Ngo Maih Bahoya (France)
- Muriel Christille Tedjo (Cameroon)
- M’wetigne Frederic Some (Burkina Faso)
- Nathalie Yakam (Virginia, US)
- Nathan Man Ekwalla (Cameroon)
- Nemesious Mouendi Mouendi (Cameroon)
- Ngo Ndebi Epse Libam (Cameroon)
- Pangsou Harmless (Cameroon)
- Paul Dongue (Cameroon)
- Paulin Nyobe Simon (Cameroon)
- René Ayina (Cameroon)
- Rene Hermann Ngouadje (Cameroon)
- Richard Engoulou (Canada)
- Samuel Aime Koum (Cameroon)
- Sebastien Panny (unknown)
- Serge Patrick Fotue (Cameroon)
- Severin Pefoumbou (Virginia)
- Simon Ouedraogo (Burkina Faso)
- Soulemanou Mefire (Cameroon)
- Soumare Fatoumata (France)
- Thomas Timothée Manga (Cameroon)
- Rudy Thibault Ikele Matiba (Cameroon)
- William Henry Mbom Maih (Guinea-Bissau)
- Willy Tchuilen Ngatcha (Canada)
- Pamela Judith Youmbi Nguenang (Cameroon)
- Yvette Mevazara (Burkina Faso)
- Pierre Zoungrana (Burkina Faso)
- Seraphine Dento (unknown)
- Xavier Claude Feudjio (Germany)
- Sumch Tarek (unknown)
- Tanzil Ahmad (unknown)
- Franck Kabore (New York, US)
- Roussel Ngangwa (Canada)
- Stephanie Mamseu (Canada)
- Albert Ngog (Texas, US)
- Marie Delphine Bang (Washington, US)
- AnneGeorgette Bekono (Canada)
- Patrick Messi (unknown)
- Eric Denis Ngono (Canada)
- Achille Djouta (Canada)
- Nathalie Yamb (Switzerland)
- Olivia Ravaka Malala Rakotonarivo (Madagascar)
- Nicole Rasolonjatovo (Madagascar)
- Steve Arnold Djoumessi Nguekeng (Canada)
- Jolande Petipa (Canada)
- Monique Tatiosop (Canada)
- Armelle Kuemo (Canada)
- Marie Joseph Vogtembing (Virginia, US)
- Severin Pofoumbo (Virgina, US)
- Gildas Ngambou Mbouna (Texas, US)
- Sandrine Fami-Etetmen (New York, US)
- Marie Brouard Nee Marie Bassomo (unspecified)
- Jean-Jacques Moiffo (France)
- Wilfried Fami (Canada)
- Charline Lema (France)
- Hervé Simon Eone Eone (France)
- Jean Louis Messang (Switzerland)
- Henri Noël Moukouri Missipo (Cameroon)
- Edwige Biteu (New York, US)
- Cabral Libii Li Ngue (unknown) and
- Landry Antoine Lemogo (Cameroon)
Whereas the vast majority of Liyeplimal defendants are based mostly out of Africa, I used to be stunned to see the big proportion of US Plaintiffs. There’s additionally a smattering of US based mostly Defendants.
Plaintiff’s lawsuit, filed by attorneys Galen Criscione (Criscione Ravala LLP) and Ross E. Pitcoff (Ross Pitcoff Regulation), seems to borrow closely from BehindMLM’s impartial analysis.
Criscione and Pitcoff cite different sources, nevertheless BehindMLM shouldn’t be credited.
As an alternative the attorneys move off BehindMLM’s authentic analysis as their very own work.
Plagiarism in federally filed complaints is actually disappointing to see.
That apart Plaintiff’s Criticism alleges Liyeplimal is a Ponzi scheme that violated US securities legislation. RICO allegations have additionally been enacted.
The Defendants scheme is a textbook instance of a Ponzi scheme and utilized the monetary system of america to perpetuate this fraud on residents of america and others all through the world.
Plaintiffs, by and thru their undersigned counsel, allege on this motion for violations of … the Securities Trade Act of 1934 and … the Securities Act of 1933.
Plaintiffs additional convey this motion complaining that Defendants violated Plaintiffs’ rights underneath the New Jersey Influenced and Corrupt Organizations Act (“New Jersey RICO”), and New Jersey Widespread Regulation by partaking in, inter alia, breach of contract, unjust enrichment, fraudulent inducement, fraudulent misrepresentation, negligent misrepresentation, conversion, and fraud and conspiracy.
The Criticism alleges Plaintiff investor losses at over $1.6 million. Remember that is simply an estimate of the Plaintiffs’ losses. Whole Liyeplimal losses are a lot greater.
Plaintiffs are in search of restoration and punitive damages of as much as $16.6 million throughout twelve causes of motion.
Because of the massive variety of Defendants I can see service being a nightmare on this case. Undecided the way it’s going to play out.
Simb being on the run (in Russia or elsewhere), can also be prone to current points in a civil case.
Keep tuned for updates as we proceed to trace the case.