×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

Anatomy of pyramid schemes and painful search for justice

Kenyans protest after being conned by pyramid schemes.

After waiting for years, the High Court on Thursday dashed the hopes of victims of multi-billion shilling pyramid schemes to recover their money. Today, the Saturday Standard Senior Reporter Amos Kareithi reveals how thousands of gullible investors were lured into the schemes that promised quick, handsome returns but ended in premium tears.

The plan was meticulous. Not a single shot was fired yet bank vaults emptied faster than the masterminds could make the sign of the cross.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902

Related Topics

Pyramid Schemes