List Of Pyramid Schemes In Kenya
A pyramid scheme is a fraudulent and unsustainable investment pitch that relies on promising unrealistic returns from imaginary investments.
In this article Keweb.co tries to answer the question by publishing the full list of Pyramid Schemes in Kenya
Below is the full list of Pyramid Schemes In Kenya
- DECI Kenya.
- Crowd1.
- EarnSmart.
- Amazon Web Worker.
- VIPortal Kenya.
- Golden Scape.
What is the famous pyramid scheme in Kenya?
Bitstream Circle was the Ponzi scheme that fleeced Kenyans of their hard-earned cash. So daring were the fraudsters that in a social media post they mocked and ridiculed their victims.
Are pyramid schemes legal in Kenya?
Kenya has no laws specific to pyramid schemes, as architects of the con games are, at most, only charged with conspiracy to defraud. Under section 317 of the Penal Code, conspiracy to defraud comes with a maximum prison sentence of three years.
How do I get a scammer in trouble in Kenya?
All reports will be processed in a confidential manner.
- Email: helpline.kenya@unhcr.org.
- Helpline: 1517 (toll-free)
- Letter: complaints/suggestions boxes are available at the gate of all UNHCR facilities.