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Kenyans losing billions
Ngong
#1 Posted : Saturday, February 16, 2013 10:05:02 AM
Rank: Veteran


Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
Haya we never learn...

Kenyans have lost as much as Sh1 billion over the last five months alone in sophisticated online frauds.
Many believed they were dealing with legitimate online multilevel-marketing firms or high-yield foreign exchange investment plans (HYIPs).
Link
http://www.standardmedia...ns-to-online-fraudsters

NO SHORT CUT TO RICHES
underweight
#2 Posted : Saturday, February 16, 2013 12:25:06 PM
Rank: Member


Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
I almost became a victim of this bullish trade scam. I declined to join when the person who attempted to recruit me told me that a dollar is equivalent to Kshs 100 yet the exchange rate then was Kshs 85.00
"A bad decision made now is beta that a good one made later!!"
alma
#3 Posted : Saturday, February 16, 2013 12:51:47 PM
Rank: Elder


Joined: 7/20/2007
Posts: 4,432
Let me copy and paste from somewhere else.

Kenyans are as dumb and stupid as they come. I've written somewhere on this forum that HYIP's are not investments but ponzi schemes. Hamtaki kusikia. I hope they sold all their property and their parent's inheritance and are as broke as paupers

Barrack Obama deposits $5000 in their "advanced pack", which makes 5% a day. Looks like it's not compounded, so he "only" ends up with $15,000 after 40 days. Realizing the potential of eliminating the deficit, President Obama places the $15,000 in for 40 more days, ending up with $45,000.

But wait, this isn't enough to fix TRILLIONS in debt, is it? Let's keep calculating.

Day 0. $5000
Day 40 $15,000
Day 80 $45,000
Day 120 $135,000
Day 160 $405,000
Day 200 $1,215,000
Day 240 $3,645,000
Day 280 $10,935,000
Day 320 $32,805,000
Day 360 $98,415,000

On no! 1 year later and President Obama doesn't even have $100 million. In the meantime, the National Debt has gone up by over 1 Trillion dollars. Is there any hope? Let's have faith and try for another year.

Day 400 $295,245,000
Day 440 $885,735,000
Day 480 $2,657,205,000
Day 520 $7,971,615,000
Day 560 $23,914,845,000
Day 600 $71,744,535,000
Day 640 $215,233,605,000
Day 680 $645,700,815,000
Day 720 $1,937,102,445,000
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
Ngong
#4 Posted : Saturday, February 16, 2013 8:45:58 PM
Rank: Veteran


Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
They say the real money was in recruiting, the more people u bring in the more u earn,NO Forex Business!
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