Companies that looked excellent only to end up as Pyramid Schemes.
Companies that looked excellent only to end up as Pyramid Schemes.

Top Ten Ponzi schemes and Money laundering scams that have robbed Kenyans more than Sh 10 Billion in Ten years. The schemes are well choreographed and posing to be legitimate only to scam and swindle Kenyans hard-earned money.


  1. Diamond Property Merchants, 
  2. Property Reality Company, 
  3. Velox 10 Global, 
  4. Goldenscapes Group, 
  5. VIP Portal, 
  6. Ekeza Sacco and Gakuyo Real Estate 
  7. Simple Homes
  8. Monetised cars
  9. Appliances Kenya
  10. Public Likes (Click and Earn)


Velox 10 Global, a Ponzi scheme masked as a cryptocurrency dealer, collapsed last year several investors who lost millions of shillings filed complaints at the Central Police Station in Nairobi.


Mr Daniel Karobia, one of Velox 10 Global’s agents, was charged in court. The case is still ongoing but several witnesses have testified.


Others Companies that have closed down completely includes; Property Reality Company, Velox 10 Global, Goldenscapes Group, VIP Portal, Ekeza Sacco and Gakuyo Real Estate. 


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