Browse Scam Reports

Ahmed Bashar Mohamed was identified in the article as a suspect in the fake gold scam that allegedly defrauded two American nationals. Investigators alleged that funds were sent through cryptocurrency wallets, including a Binance account linked to him, and that he knowingly received and disbursed proceeds of the fraud. The scheme involved false claims of genuine gold consignments for export to Dubai.

Kache Mildred alias Sabreena Ayesha was identified in the article as a suspect in a fake gold export fraud targeting two American nationals. Investigators said she and accomplices posed as legitimate gold dealers and used forged documents and false shipment claims to obtain money for supposed smelting, insurance, documentation, and logistics costs. The DCI described her as the mastermind and principal coordinator of the scheme.

The article describes a fake gold scheme in which individuals posed as legitimate gold dealers and promised delivery of 400 kilograms of gold bars to an American investor. They allegedly used agreements and documents to make the transaction appear genuine, leading the victim to transfer funds before the suspects stopped communicating and failed to deliver the shipment. Detectives linked the suspects to the fraud and arrested a woman believed to be the mastermind while pursuing another suspect.

Marshall Morrison was named by the DCI as another suspect linked to the fake gold scheme involving an Australian national. He allegedly posed as an American investor and introduced the victim to Duncan Okaka Okonji as part of the fraudulent deal. The article links him to the scheme in which the complainant lost over KSh 77 million.

Duncan Okaka Okonji was cited in the article as a suspect arrested in Nairobi over a fake gold scheme targeting an Australian national. According to the DCI, he claimed to facilitate a transaction involving a 590-kilogram gold consignment. The victim was allegedly defrauded of over KSh 77 million.

Dennis Kinoti was identified by the DCI as a key suspect in a fake gold investment fraud targeting a 61-year-old retired teacher. The victim was allegedly lured with promises of massive returns and lost money through a series of bank and M-Pesa transactions between February and April 2026. Detectives arrested Kinoti in Meru County and recovered Safaricom SIM cards believed to have been used in the scheme.

Tuko listed Crowd1 among investment schemes that collapsed with people's money, citing a BBC Africa Eye expose and describing it as a multi-level marketing operation promoted across Africa, including Kenya, through easy-money claims and paid packages.

Tuko reported EarnSmart as a networking-style investment scheme that depended on recruiting new members, required participants to pay for a package, and used social-media style earning claims to attract investors.

Tuko reported DECI Kenya as a pyramid scheme founded by George Odinda Donde that collapsed in 2006 after more than 93,000 investors put in over KSh 2.4 billion. The article describes the scheme as promising quick returns before collapsing and leaving investors exposed.

The Capital Markets Authority said the Capital Markets Fraud Investigation Unit was investigating Cytonn High Yield Solutions for criminal violations affecting investors, while warning that Cytonn Investments was not licensed or approved to offer unregulated capital-markets products.

Bana listed Public Likes (Click and Earn) among companies it described as pyramid schemes and money-laundering scams that robbed Kenyans of more than KSh 10 billion over ten years.

Bana listed Appliances Kenya among companies it described as pyramid schemes and money-laundering scams that robbed Kenyans of more than KSh 10 billion over ten years.

Bana listed Monetised Cars among companies it described as pyramid schemes and money-laundering scams that robbed Kenyans of more than KSh 10 billion over ten years.

Bana listed Simple Homes among companies it described as pyramid schemes and money-laundering scams that robbed Kenyans of more than KSh 10 billion over ten years.

Bana listed Ekeza Sacco and Gakuyo Real Estate among pyramid schemes and money-laundering scams it said robbed Kenyans of more than KSh 10 billion over ten years.

Bana described Velox 10 Global as a Ponzi scheme masked as a cryptocurrency dealer, saying it collapsed after investors who lost millions of shillings filed complaints at Central Police Station in Nairobi.

Bana listed Property Reality Company among companies it described as pyramid schemes that robbed Kenyans of more than KSh 10 billion, and said it was among companies that had closed down completely.

Bana listed Diamond Property Merchants among companies it described as pyramid schemes and money-laundering scams that robbed Kenyans of more than KSh 10 billion over ten years.

Tuko reported Golden Scape among investment schemes that sunk with people's money, describing investors who put money into the E-Firm as stranded after the firm closed and noting that at least 1,500 Kenyans lost billions of shillings.

Tuko reported that Alfred Wangai Mundia allegedly collected over KSh 182.5 million from unsuspecting Kenyans through VIPortal INC / VIPortal Kenya between 2013 and 2014, promising 60% to 80% returns tied to forex trading.