Website & Company Information
The web domain of the company was privately registered on the 6th of February 2018 and was later updated on 2020–02–07. According to the website, the company is based out of Douala, Cameroon. Despite the company’s website domain being registered in February 2018, Liyeplimal claims it was created in 2017 which is an absolute lie.
The company is headed by Simb Emile Parfait, as company’s president. Liyeplimal is a product of “Global Investment Trading’’. Prior to founding Global Investment Trading and Liyeplimal, Parfait was promoting BeOnPush, Game Loot Network and MGlobally.
All of the mentioned schemes were termed as Ponzi and Pyramid schemes of their times.
At the time of writing this article, Alexa cites Cameroon(58.3%), Canada(11.4%) and Bangladesh(10.9%) as top sources of traffic to Liyeplimal’s website. It is highly likely that the admin is operating from any one of these countries.
As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.
The company has no retailable products or services, with affiliates only able to market the affiliate membership itself.
This is a matter of concern because if an MLM is operating with any retail option then is business is deemed illegal in many jurisdictions such as the U.S and Canada.
Liyeplimal’s Compensation Plan
The affiliates of the company invest in limos, limos are then converted to XAF on the promise of advertised returns.
You can purchase limos either through Liyeplimal or from existing Liyeplimal affiliates. The current internal limos exchange rate is not provided on Liyeplimal’s website.
Once you have purchased Limos, you can convert these into XAF points as follows:
- Abidjan — 100 limos
- Porto-Novo — 200 limos
- Libreville — 400 limos
- Ndjamena — 800 limos
- Malabo — 1600 limos
- Yaounde — 3200 limos
- Pretoria — 6400 limos
- Cairo — 12,800 limos
- Abuja — 25,600 limos
- Dubai — 51,200 limos
- Ouaga — 100,000 limos
The stated conversion rate from limos to XAF is $1 limo to 800 XAF.
The above plans pay the following advertised returns over a 365 day period:
- Abidjan pays an ROI of 160 limos
- Porto-Novo pays an ROI of 340 limos
- Libreville pays an ROI of 720 limos
- Ndjamena pays an ROI of 1520 limos
- Malabo pays an ROI of 3200 limos
- Yaounde pays an ROI of 6560 limos
- Pretoria pays an ROI of 13,440 limos
- Cairo pays an ROI of 27520 limos
- Abuja pays an ROI of 56,320 limos
- Dubai pays an ROI of 114,688 limos
- Ouaga pays an ROI of 225,000 limos
All the ROIs are paid in Limos, when are then converted through the company’s internal exchange
The company also pays referral commissions via a uni-level payment structure, capped at five uni-level teams:
Referral commissions are paid as a percentage of funds invested across these five levels as follows:
- level 1 (direct recruits) — 6%
- level 2–2%
- levels 3 and 4–1%
- level 5–2%
Joining Liyeplimal affiliate membership is free, however, participation in the attached income opportunity requires investment in limos.