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Letter from Africa: The lure of the get-rich-quick scam in Kenya

Economic desperation makes the promise of easy money hard to resist. ....

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Get Rich Pyramid Schemes That Have Collapsed With Billions of Kenyans' Money

Over the years, Kenyans have lost millions in pyramid schemes that have been promising to make them overnight millionaires. ....

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Why you must be cautious while investing in cryptocurrencies

The shocking rise of cryptocurrencies this past year triggered a wave of media attention on this new form of money as an alternative investment vehicle. ....

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How Kenyans Were Conned Ksh1 Billion

How Kenyans Were Conned Ksh1 Billion
kenyans.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenyans.co.ke Daily Mail and Mail on Sunday newspapers.

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The lure of the get-rich-quick scam in Kenya

The lure of the get-rich-quick scam in Kenya
© Getty Images
False promises about investing in cryptocurrencies like Bitcoin is one way people have been scammed
In our series of letters from African journalists, Kenyan broadcaster Waihiga Mwaura writes about cryptocurrency scams, including one that traded on his name to fleece investors.
© BBC
I got a call from a doctor I did not know, asking whether I had interviewed a Kenyan billionaire about a new Bitcoin product on some nondescript website.
I sighed with concern because I knew he had fallen victim to a two-year-old online scam which alleged that along with a local billionaire, I had endorsed a cryptocurrency trading platform. ....

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