About 20 Somali MPs, senior government officials &Somali diaspora lose $59m in Nairobi-based scheme

[Bohol]

 

[Teflon]

betterdaysahead already made a thread about this

 

[Karim]

A distant uncle of mine lost close to 3k DOLLARS 4 months ago. He was trying to protect himself and not heavily invest in such volatile market. Unfortunately he lost all of it except $700.

 

[Bohol]

A distant uncle of mine lost close to 3k DOLLARS 4 months ago. He was trying to protect himself and not heavily invest in such volatile market. Unfortunately he lost all of it except $700.

3k is nothing your uncle should be thankful. My uncle's wife friend lost 170k. Older Somalis got tricked with this forex scam.

 

[Karim]

3k is nothing your uncle should be thankful. My uncle's wife friend lost 170k. Older Somalis got tricked with this forex scam.

Holy Hell!! 170k?!! That's ridiculous amount.

My uncle's scammer was based in Egypt and he was managing hundreds of accounts owned by his customers; 500k DOLLARS worth of accounts. Initially he was generating profits for his customers until one day he decided to gamble all of it for one trade. It was a catastrophic blunder that wrecked all of the holdings.

 

[Bohol]

Holy Hell!! 170k?!! That's ridiculous amount.

My uncle's scammer was based in Egypt and he was managing hundreds of accounts owned by his customers; 500k DOLLARS worth of accounts. Initially he was generating profits for his customers until one day he decided to gamble all of it for one trade. It was a catastrophic blunder that wrecked all of the holdings.

Anyone that has 170k to gamble must be loaded. She will be okay.

 

[Hybrid()]

Holy Hell!! 170k?!! That's ridiculous amount.

My uncle's scammer was based in Egypt and he was managing hundreds of accounts owned by his customers; 500k DOLLARS worth of accounts. Initially he was generating profits for his customers until one day he decided to gamble all of it for one trade. It was a catastrophic blunder that wrecked all of the holdings.

it was probably a ponzi scheme. people get easily lured into ponzi shemes.

 

[Crow]

According to sources privy to the racket, the seemingly Johnny-come-latelies lost $59 million to a ‘forex’ trading company joining the growing list of Kenyans particularly in Nairobi who have fallen prey to various shades of Ponzi schemes losing millions of dollars with little or no legal recourse.

I hate fobs.

 

[Guled111]

What do you call these companies where you invest in them and send you checks every month?
And if you know any let me know