CBI Global @ BehindMLM

The Namibian High Court has ruled that the Bank of Namibia was justified in investigating Coenie Botha’s CBI Global Ponzi scheme.

Under murky circumstances, the FSCA has quietly dropped previously imposed penalties against CBI Global Ponzi scammer Coenie Botha.

The Namibian Police Officer pro$ecuting the CBI Global Ponzi ca$e appear$ to have come down with a $udden ca$e of amne$ia.

Coenraad Botha has been fined R216 million ($11.3 million USD) by South Africa’s Financial Sector Conduct Authority (FSCA). Botha, a licensed lawyer in South Africa, has also been disbarred for ten years.

CBI Global founder Coenraad Botha (69) and wife Charlotte Murove (31) have been charged with sixty-three criminal offenses related to the CBI Global Ponzi scheme. Following their arrest on Monday the 11th , a defense attorney argued Botha’s and Murove’s arrest was unlawful. Based on there being no appropriate warrants issued for Botha or Murove, [Continue reading…]

Following his arrest on March 13th, CBI Global owner Coenie Botha contacted attorney Afrika Jantjies to represent him. When Botha and Jantjies presented at court, Jantjies was promptly arrested as a CBI Global accomplice.

Coenie Botha has been charged by the Bank of Namibia (BoN). New Era were first to note Botha’s appearance “Windhoek Magistrate’s Court on a charge of fraud” yesterday. As per a subsequent press-release issued by the Bank of Namibia earlier today;

The Bank of Namibia successfully overturned a court decision, requiring it to fund Coenraad Botha’s collapsed CBI Global Ponzi scheme. I know that’s an utterly ridiculous sentence but uh… welcome to Ponzi regulation in Namibia.

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.

The Central Bank of the Comoros has issued a multi-scam fraud warning for Gold Standard Bank and Dafri Bank. As per the BCC’s 15th June warning;