CorruptionKenyaNews
Pyramid scheme victims go to court seeking Sh4 billion pay
Victims of pyramid schemes fill claim forms, in March 2009, issued by a task force formed by the government. Victims of collapsed pyramid schemes want the government compelled to pay them more than Sh4 billion they invested in the organisations a decade ago. FILE PHOTO | NATION MEDIA GROUP
By ABIUD OCHIENG
In Summary
- The schemes were styled as limited liability companies, trusts, sole partnerships, businesses, welfare association, non-governmental organisations, foundations, ventures, investments, micro-finance groups and savings and credit societies, among others.
- Given the fact that they had a nationwide operation, their victims are spread in all the counties in Kenya except in Wajir and Garissa.
Attract more people - The government had also ordered that the monies held in the various bank accounts, where the victims had deposited it, be transferred to the CBK. READ MORE
