Browse Scam Reports

Scammers created fake county government bursary application portals. Students were charged KES 1,000-3,000 as 'application fees.' Real county bursaries are free to apply for through ward administrators. Multiple counties issued warnings about these fake portals.

He pretends to be a forex trader who lures people through Telegram to contribute for a pool of investment so that he can trade for them. I got to know of him through his twitter(x) @MeechBTCUSD

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Unlicensed financial advisor in Kisumu. Not registered with CMA. Collected KES 150,000 from me for 'government bond investment' with 25% annual return. Government bonds don't work through random advisors.

Sports betting 'investment' site. Claims AI predicts matches with 95% accuracy. You deposit money, they 'place bets' for you. When you try to withdraw, account gets locked for 'verification.'

Chama-style investment group that recruited through churches. Each member pays KES 20K and recruits 3 others. Promised KES 160K return. By the time I joined, the founder had disappeared with millions. Pure pyramid scheme.

Website promising forex trading with guaranteed 200% returns in 30 days. Deposited KES 100K. Dashboard showed 'growing profits.' When I tried to withdraw, asked for 'tax clearance fee.' Website now down.

Invited to join 'crypto trading group' on Telegram. Guaranteed 30% weekly returns. Deposited KES 50,000. Got 'returns' for 2 weeks (paid from new members' money). Then the group vanished overnight. Classic Ponzi.

Agricultural investment scam promising investors returns from fish farming in Kisumu County. Investors paid KES 50,000-200,000 for fish pond units. The ponds existed but were not operational. Promoters used photos of established farms to lure investors. Collapsed owing investors millions.

Fraudulent company using a name similar to the legitimate Helios Investment Partners. Promised 50% returns on agricultural investments. Collected funds from investors across Nairobi and Mombasa. Not registered with CMA. Operators disappeared with investor funds.

Kepiki Tech was an online investment platform that promised Kenyans daily returns for investing in tech stocks. The website mimicked legitimate trading platforms but was not registered with CMA. After collecting millions in deposits, the site went offline.

Safaricoin was marketed as Kenya's own cryptocurrency that would rival Bitcoin. Promoters sold tokens to Kenyans promising massive returns. The token had no real blockchain technology and was a classic exit scam. Investors lost their deposits when promoters disappeared.

Cytonn Investments faced accusations from investors who could not withdraw their funds from high-yield real estate investment products. CMA ordered the firm to stop selling unregulated investment products. Thousands of investors reported being unable to access their money.

Ekeza Sacco, associated with Bishop David Ngari (Gakuyo), collected billions from members promising high returns and affordable housing. The Sacco was deregistered by SASRA. Members lost their savings and affordable housing was never delivered. Criminal charges were filed against the founder.

Restaurant investment scheme that promised investors 30% monthly returns. Investors were told their money would fund restaurant operations. The business closed abruptly and the owner disappeared with investors' funds estimated at over KES 100 million.

Loom was a social media-based pyramid scheme that spread through WhatsApp and Facebook groups in Kenya. Participants paid KES 13,200 to join and were promised KES 105,600 once they recruited enough people. The scheme collapsed leaving most participants at a loss.

DMOS (Digital Marketing Online System) was a pyramid scheme disguised as a digital marketing platform. Members paid KES 4,000 to join and earned commissions by recruiting others. The scheme collapsed in 2023 after CMA flagged it as an illegal investment scheme.

Mobile application that claimed to flash or multiply M-Pesa money. Users were told to deposit money through the app and it would be doubled or tripled. The app collected deposits but never returned any funds. Thousands of Kenyans lost money to this scam.

Fraudulent investment club that used the name similar to the legitimate Wazua forum. Promised guaranteed returns on stock market investments. Collected millions from members before the operators disappeared. Not affiliated with the genuine Wazua online community.

Amazon Web Worker posed as an affiliate of Amazon, promising Kenyans earnings for completing online tasks. Users paid registration fees and were encouraged to recruit others in a pyramid structure. The scheme was not affiliated with Amazon and collapsed after collecting millions from unsuspecting Kenyans.