USA firm Criscione Ravala sues Cabral Libii for fraud
The case talked about here involves LIYEPLIMAL, a Ponzi scheme led by Emile Parfait Simb which swallowed billions of F CFA from unsuspecting individuals.
The case was handed to judges John Michael Vazquez and Cathy Waldor this June 23rd 2022 and hundreds of persons are being sued including political party head Cabral Libii. This case has 19 people as plaintiffs and hopes are high that the American justice system takes the matter more seriously that Cameroon.
Cabral Libii was several times heard encouraging Cameroonians to believe in Emile Parfait Simb’s LIYEPLIMAL project stating that Simb “is courageous and ambitious and the state should pass through people like him to regulate the bitcoin sector in Cameroon”. He is therefore stated in the matter as an accomplice of the fraudster.
Emile Parfait Simb had been arrested at the Douala international airport as he prepared to leave Cameroon following numerous complaints filed against him by victims of his Ponzi scheme. In a strange twist of affairs, Simb found a way to leave Cameroon for the Central African Republic and is now reportedly in Russia with his family. Read more on this matter here.
