Editor's Review

According to detectives, most Kenyans have fallen victim to the scheme and they are currently investigating several cases field at various stations across the country.

The Directorate of Criminal Investigations (DCI) has exposed online schemes fleecing multimillion investments from unsuspecting Kenyans.

In a statement, DCI noted the elaborate schemes are luring Kenyans to join with a promise of getting rich faster and in the comfort of their living rooms only to end up losing their investments.

Most of the scammers pose as cryptocurrency agents and platforms convincing unsuspecting Kenyas to cash in.

According to detectives, most Kenyans have fallen victim to the scheme and they are currently investigating several cases field at various stations across the country.

File image of an online trading platform. PHOTO | COURTESY

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"We are currently investigating several such cases where investors who fell for the scam are crying foul. In the modern-day hoodwink that has swept the Kenyan market, short messages (SMS) that read “Make Money Sitting At Home” are being sent to random people, with a link to join the online investment platform," DCI stated.

"With promises of high margins of profit as returns on investment, unsuspecting victims venture into the schemes and before they realize it, they've lost huge sums of money to scammers," the statement added.

However, to avert more losses, DCI caution Kenyans to verify the online trading platform before investing.

"The DCI cautions Kenyans and any other person to beware of this scam, and advises them to verify the authenticity of any online investment platforms with Capital Markets Authority (CMA) and the Communication Authority (CA) respectively before investing their hard-earned money."