Liyeplimal has received a securities fraud warning from British Columbia’s Securities Commission.

As per the BCSC’s July 13th warning, Liyeplimal and its parent company Global Investment Trading are

based in Cameroon , and … also claims to offer cryptocurrency trading services.

We are aware that Global Investment Trading – Liyeplimal accepts British Columbia (BC) residents as clients.

Global Investment Trading – Liyeplimal is not registered to trade in, or advise on, securities or derivatives in BC.

BehindMLM reviewed Liyeplimal in July 2020. As per its business model, Liyeplimal is a Ponzi scheme centered around XAF Ponzi points investment.

The BCSC’s securities fraud warning follows Quebec’s Autorite Des Marches Financiers, who issued a similar warning in June.

Liyeplimal and Global Investment Trading are operated by serial Ponzi promoter Simb Emile Parfait.

Last weekend Parfait appeared at a Liyeplimal promotional event held in Douala, Cameroon.

Cameroon falls under the jurisdiction of the Commission de Surveillance du Marche Financier de L’Afrique Centrale, better known as COSUMAF.

COSUMAF issued their own Liyeplimal securities fraud warning last October.

Locally Cameroonian authorities have failed to take any further action.