An MLM Financial Ponzi Pyramid Scheme.
It was about 2 am and a close family member wanted me to check out a promising cryptocurrency opportunity. Something she was very excited about. I was a little reluctant as I was playing with my newborn who's just been a few weeks old.
Link and a usual I wasn’t interested and I wanted to check the application features, which gave it away immediately.
https://www.liyeplimal.net/# is a multi-level marketing pyramid scheme which is notorious for piling investment up and performing a disappearing act once the customer is unsuspecting.
A basic search of the CEOs information got a hit on LinkedIn. Born in Douala Cameron in 1983 with a computer science degree.
Liyeplimal operates in the MLM cryptocurrency niche and operates out of Douala, Cameroon.
Despite the company’s website domain being registered in February 2018, Liyeplimal claims it was “created in 2017”.
Heading up Liyeplimal is Simb Emile Parfait, cited as CEO and founder of Global Investment Trading.
Liyeplimal’s website footer states it is a “Global Investment Trading product”.
Business name Global investment funds.
Android app name Limo app
A further search of https://www.liyeplimal.net/# travelled it to be hidden behind a Cloudflare proxy. Which is common to avoid a quick takedown. But if you reach out to Cloudflare they should give you the information about the real hosting and domain provider. I have initiated a couple of that activity before.
A former search of the website information reveals a non-existent social media activity. The website states they have been able to invest 12 million dollars so from inception.
There is all kind of social proof to lure you into believing it's a real business. They have got the apple and android app logo for you to download their app.
The Apple logo takes you to know where. You'd need to go through some security phases to pass the IOS app. As for Android, anyone can put anything in there.
These are the different business name associated with the website:
Global investment trading
Global cryptocurrencies trading
Upon registration of an account. You have all the bells and whistle.