A Kenyan regulator, the Capital Markets Authority (CMA), has
cautioned investors and Kenyan citizens against investing with
Fxbitinvest, a bitcoin trading company. The warning was issued after the
regulator noted Fxbitinvest’s use of exaggerated return-on-investment
promises to lure unsuspecting Kenyans.
Unrealistic Promises
According to a CMA statement
issued on August 12, Fxbitinvest is offering prospective investors a
return on investment (ROI) of 400% within a space of six hours. In
addition, the regulator also identifies the “paybill numbers” that are
being used by individuals behind Fxbitinvest to collect funds from
Kenyans.
The CMA names persons associated with the company either in their
capacity as employees or as owners. The identified individuals and their
social media handles are Hassan Juma and Godfrey Koome who are both
based in Kenya. The third individual, who is supposedly based in North
America, has only been identified as an anonymous director.
Aggrieved Investors Urged to Engage Police
In addition to advising Kenyans against depositing funds with the
bitcoin trading company, the CMA said investors defrauded by Fxbitinvest
should contact the Kenyan police. The CMA statement explained:
Any investor who has been defrauded because of investing
with the company is encouraged to report to the nearest police station
with their national identity card, deposit slip or Mpesa statement, any
contract that was entered into and other documents to support the claim.
Alternatively, the regulator said aggrieved investors can lodge a
direct complaint via the online complaints portal or by visiting the
CMA’s offices.
source link : https://news.bitcoin.com/kenyans-cautioned-against-investing-with-btc-company-promising-returns-of-400-in-six-hours/
