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Developing.....Arrests on Sacco Robber
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murchr
#1 Posted : Tuesday, November 13, 2018 7:25:21 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980


Would want more information on this.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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XSK
#2 Posted : Wednesday, November 14, 2018 4:18:37 PM
Rank: Veteran


Joined: 12/8/2009
Posts: 975
Location: Nairobi
murchr wrote:


Would want more information on this.



How did they do this? Me too want to know. I belong to one of the mentioned saccos and this info has never been shared with us
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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murchr
#3 Posted : Wednesday, November 14, 2018 6:19:43 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980


So when were the members to be informed?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Angelica _ann
#4 Posted : Wednesday, November 14, 2018 6:28:03 PM
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Joined: 12/7/2012
Posts: 11,908
murchr wrote:


So when were the members to be informed?


Kwani when there is fraud in institutions (Banks, other financial institutions, etc) that doesn't affect ones account directly, are shareholders/customers normally informed?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#5 Posted : Wednesday, November 14, 2018 6:33:40 PM
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Joined: 6/23/2009
Posts: 13,515
Location: nairobi
Angelica _ann wrote:
murchr wrote:


So when were the members to be informed?


Kwani when there is fraud in institutions (Banks, other financial institutions, etc) that doesn't affect ones account directly, are shareholders/customers normally informed?

SACCO movement is different from banking as guided by the SACCO constitution. Ideally, any established fraud must be reported to the members in a meeting convened with quorum. But in this case, I guess that the event is recent thus the members were to be updated in the next meeting

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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kawi254
#6 Posted : Wednesday, November 14, 2018 6:38:38 PM
Rank: Member


Joined: 2/20/2015
Posts: 467
Location: Nairobi
Angelica _ann wrote:
murchr wrote:


So when were the members to be informed?


Kwani when there is fraud in institutions (Banks, other financial institutions, etc) that doesn't affect ones account directly, are shareholders/customers normally informed?



The ones getting arrested are not the real hackers..these are the people whose M-PESA accounts got some of the loot.
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