World Funding Buying and selling (dba Liyeplimal), has acquired a fraud warning from Quebec’s Autorite Des Marches Financiers.
As per the AMF’s June twenty ninth warning, World Funding Buying and selling is defrauding customers by way of “fraudulent representations”.
On the liyeplimal.internet web site, the corporate guarantees buyers who purchase “plans” supposedly “assured” weekly returns from buying and selling cryptocurrencies.
The AMF notes that World Buying and selling Funding is being promoted in Canada by way of the Fb web page, “LiyeplimalCanada”.
I went in search of this group however couldn’t discover it. I did nevertheless come throughout an lively Fb web page for “Liyeplimal Quebec”.
The AMF warns;
World Funding Buying and selling just isn’t registered with the Autorité des marchés financiers in any capability in anyway and is subsequently not approved to behave as a dealer or advisor in securities or derivatives in Quebec.
That is the equal of a securities fraud warning in different jurisdictions.
On the time of publication Canada is the second largest supply of visitors to Liyeplimal’s web site.
The share of visitors nevertheless has shrunk, down from 16% a yr in the past to three.7% immediately (as estimated by Alexa).
BehindMLM reviewed Liyeplimal in July 2020. We discovered a Ponzi factors scheme, run by World Funding Buying and selling CEO Simb Emile Parfait.
Parfait has a historical past of selling MLM Ponzi schemes.
In October 2020 the African regulator COSUMAF issued a securities fraud warning in opposition to Liyeplimal.