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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
A big number of investors in Africa and Asia are reported to have been defrauded by a suspected pyramid scheme. According to BBC, the investors, mostly poor people from countries including Kenya, put their money in Crowd1, purportedly an online investment firm, after being promised good returns and a glamorous life.
However, as always happens with pyramid schemes, their dreams eventually went up in smoke.
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