Uhuru Tribe Ponzi collapses, rebooted as CBI Global
The Uhuru Tribe Ponzi scheme has collapsed, prompting owner Coenraad “Coenie” Botha to reboot the scam as CBI Global.
BehindMLM readers first reported the switch to CBI Global in late October. Due to a typo however, we were only able to confirm the reboot today.
CBI Global’s website is full of generic marketing copy. This is best demonstrated by CBI Global’s website FAQ, which is still populated with template text:
As with Uhuru Tribe, company ownership details are not provided on CBI Global’s website.
On October 31st however, Coenie Botha appeared in a CBI Global livestream to promote the company:
Despite CBI Global’s website domain only being registered in March 2020, the description on the company’s livestream video reads:
A time to reflect, learn and see what the future holds in for CBI on its 3rd year celebration.
This appears to be an attempt to pretend Uhuru Tribe didn’t exist and was CBI Global all along.
As for MLM, CBI Global appears to be more of the same. While no specifics are provided on CBI Global’s website, you can check out our Uhuru Tribe review for an overview.
CBI Global continues to market UHC Ponzi points, which can be converted into BTC, ETH “or the token you want” through CBI-X, an internal exchange.
As with Uhuru Tribe, CBI Global will collapse when withdrawals exceed new investment.
Given Botha can set the internal value of UHC Ponzi points as he sees fit, expect some manipulation before the towel is inevitably thrown in again.
Another shameful South African embarrassment.
I want to thank Uhuru and CBI for their integrity and support. I have not received anything from marketing CBI, but I have been blessed with good advice and have been able to withdraw profit with no one below me.
I am carefull and don’t just run after the pack.
You’re in a Ponzi scheme stealing money from people who invest after you.
At least own your thievery.
Hi to whom ever wrote the above information please make sure of your facts regarding your statement. But all your statements off above is false and purely you did not do your research.
And second the whole of uhuru (Uhuru did not collaps they just went global due to the rebranding) or cbi is not a ponzi scheme you do not have to get people to get money.
(Ozedit: derail removed)
CBI is simple you invest 30$ AND YOU EARN INTREST JUST ONE QUESTION HOW IS EARNING INTREST A PONZI SCHEME.
Uhuru Tribe could have started scamming people outside of South Africa without changing its name.
Uhuru Tribe collapsed and was rebooted with a different name. There’s no need to make up stories.
You might not personally recruit the people who invest after you, but someone has to.
If recruitment dies off, as it did with Uhuru Tribe in South Africa, the scam collapses.
Right. And when you go to withdraw your backoffice monopoly money, where you think that “interest” money comes from?
That’s what makes CBI Global a Ponzi scheme.
Hallo
I don’t have money in CBI, but I am a Namibian and a lot of friends do have money there.
1. I don’t think the name was change to reboot the company. It was made clear to CBI that the name Uhuru comes from the Mau Mau movement where many white people were killed in Kenya in the 1960’s.
We that live here feel it different on the skin. Nothing wrong with the word Uhuru : freedom. Therefore the president of Kenya wears the name of his soil: Uhuru Kenyata, like Genl De Gaulle was president of France. De Gaulle means Mr Frenschman.
2. As for a ponzi scheme: it is running a little bit too long to be just a ponzi scheme. They trade in quite a few commodities.
Kind Regards
Thinus Coetzee
Well it’s not like Botha was just going to come out and say “Guys, we need to rebrand to lure new suckers in because there’s nothing left”.
Ponzi schemes are a zero-sum equation. They don’t reboot unless they collapse.
A Ponzi scheme is a Ponzi scheme because newly invested funds are used to pay returns. How long a Ponzi scheme prolongs the inevitable collapse is irrelevant.
Feel free to provide evidence of external revenue being used to pay withdrawals. The only acceptable evidence is audited financial reports filed with securities regulators.
You are so stupit, you have no idea what you are talking about!
Uhuru’s name was changed to CBI, it never collapsed. You are probably someone owning a scam operation and are promoting that, or you were too stupit to to have run your scam successfully and now you are jelous of a wonderfull founder like ours who can be successful in running a legit company.
I have to add that the way you wrote your exciuse of a review sounds very unschooled.
Sure it did. Sorry for your loss.
Seeing as you can barely string a legible sentence together, I’m not surprised you had difficulty with the review.
You know what they say, Oz:
Do these people really think that longevity and not “having to recruit” == not-a-Ponzi, or are they just trying to convince their victims? Sigh.
Public announcement: First, Ponzis can run for decades (look up Bernie Madoff), but they inevitably collapse because math. Second, recruitment or lack thereof have nothing to do with it being a Ponzi (again, see Madoff: no recruiting involved). Getting rewarded for recruiting makes it a pyramid scheme; the Ponzi part is separate.
When you see a Ponzi scheme reviewed here, there will be a pyramid (MLM) attached to it because Oz limits this site to MLM companies only. Such schemes are called Ponzi/pyramid hybrids.
Nearly every Ponzi/pyramid has no recruitment requirement; they just want your money. Still a Ponzi scam, though.
Uhuru (now CBI) and Mirror Trading in SA are the same type of scam Ponzi schemes. The owner of Mirror already fled to Brazil with billions and they have been reported to the Police resulting in their liquidation.
It is beyond me that the people “investing” in CBI cannot see the writing on the wall. You WILL lose your money when “oom Coenie” do a runner like he did from Namibia.
Sadly your facts and reboot of UHURU to CBI are incorrect and devoid of any credible information.
Show me 1 UHURU client that lost money when the ‘scam’ collapsed. You will not find any.
I am a client since it started as UHURU and through the whole decision on the name change due to the negative connection to the word UHURU to a certain group of people.
My one investment of a 1000 days made in UHURU is still running uninterrupted in CBI and the same is true for another investment option I have.
So if you want more detail or the truth contact me as there is a couple of facts and truths that is not being taken into account.
Math is math, even in Africa. Whether Ponzi victims acknowledge they’ve been scammed math is math and they will take a loss, regardless.
Naturally. Those who get in early steal all the money, that’s why you’re here defending your Ponzi scheme.
Uhuru Tribe being a Ponzi scheme. No need to create a fictional backstory.
Obvious Ponzi is obvious. There is no rEaL sToRy.
The people that say CBI is a Ponzi scheme are notorious liars.
It is not and it is working together with the FSCA and other government organizations. Shame on you, you must be jealous and scandalous to be such a spreader of NON TRUTH.
REMOVE THIS AWEFUL and UNTRUE STORY from the WEB it is polluting the WEB.
LOL! Where does Botha find these brain-damaged investors?