CBI Global @ BehindMLM

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;

Coenie Botha’s latest legal grift in Namibia has seen him claim running his Ponzi scheme costs $62,150 a month. This is based on a March carve-out, which saw the Bank of Namibia required to unfreeze enough for CBI Global to meet its “day-to-day operations”. CBI Global is a collapsed MLM crypto Ponzi scheme run by [Continue reading…]

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 [Continue reading…]

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.