Pyramid scheme victims go to court seeking Sh4 billion pay

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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.
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  • 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
Pyramid scheme victims go to court seeking Sh4 billion pay Reviewed by on March 9, 2015 .

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

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