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Investors’ billions that sank with pyramid schemes

Jane Musimbi lost Sh31m to the schemes in 2006.

The staggering financial losses Kenyan households suffered in the hands of pyramid scheme masterminds can today be revealed.

Top among individuals who lost their cash to the unregulated money-grabbing outfits is Eileen Kagendo, a Nairobi County resident who had invested Sh131 million in diverse schemes by the time they collapsed eight years ago.

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pyramid schemes