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Cytonn Investments
Ebenyo
#1181 Posted : Friday, June 18, 2021 8:26:17 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
CMA should help investors who have lost their money.
Towards the goal of financial freedom
winmak
#1182 Posted : Friday, June 18, 2021 8:44:57 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
Ebenyo wrote:
CMA should help investors who have lost their money.


People have lost money even in regulated schemes....

Hapa sioni kitu.... Let them accept and move on
For investors as a whole, returns decrease as motion increases ~ WB
quicksand
#1183 Posted : Friday, June 18, 2021 9:07:50 AM
Rank: Veteran

Joined: 7/5/2010
Posts: 2,061
Location: Nairobi
CMA might not make everyone whole but fraudsters should not be walking free.
Queen
#1184 Posted : Friday, June 18, 2021 10:22:39 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
Ebenyo wrote:
CMA should help investors who have lost their money.


Should they also help those seasoned Wazuans who have made a career by insulting anybody who dared question this Ponzi Scheme?

The four Cytonn musketeers left Britam under a cloud and people still went ahead to entrust them with their hard -earned money. C.r.o.o.k.s.
poundfoolish
#1185 Posted : Friday, June 18, 2021 12:45:16 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Yesterday your team sent a very convincing lass who captured our attention.
Problem is, she, like many people who pretend to be all urbane, smart and savvy did not even know which product she had signed up for.
If she was Caucasian.. I tell you for a fact, she would have blonde hair.

Sadly she accused CHYF of continuing to advertise while they were not paying up. CHYF is very regulated by CMA (and they, CMA, stated so in their bogus letter that they did not even sign).

Now if Cytonn was not meeting its obligations to clients on CHYF, which is CMA regulated, and all the bile between the two.

Do you Paul Kimani think CMA would have let Cytonn go free?
Do you think Cytonn CEO would have dared attack CMA CEO if they were doing something wrong with CHYF?

On another note. CHYS, a private investment placement has 6,000 investors who pumped in 14B. That is an average of 2.5M per person.
Now Ask your self, with the 80/20 pareto rule. How many of those have a bigger stake in CHYF and how many of the 20% controlling 80% of the fund have sued or made noise on social media?

You had changed tact to appealing to emotions now I see the attack is people have lost money. Hasn't Cytonn reiterated that liquidity is the issue and everybody is in the same boat. Did you ever see Gakuo offering people an underlying asset like Cytonn is? Or Suraya.. or the many other real Ponzi schemes that we only hear of after they go burst and directors disappear?

paulkimani wrote:
Out of all the hate I’ve received in this forum, this comment always stuck with me. Are we as Kenyans so desensitised we can’t admit that our peers are suffering really badly to the point of poverty because of this company?

Please read the letter below. This lovely lady who invested and trusted Cytonn has now:
1. lost her job
2. is unable to pay rent
3. has no money or insurance for medical assistance
4. has been unable to pay school fees and as a result her children and not getting an education
5. her mental health has been affected badly
6. has no income as a result of job loss and her savings are tied up with a scam. She is struggling to even put a meal on the table. She is on the brink of homelessness.

As an investment company, Cytonn had a duty of care to its clients which it has failed at miserably.

LETTER LINK BELOW:

https://twitter.com/Caro...402850684098260996?s=20

poundfoolish wrote:
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Which stage of mourning is this dear Wazuans...?

Or rather what stage of a congame is this, when a conman tries to play with emotions when caught..


paulkimani wrote:
When I’m watching a minimum of ten Scamtonn investors message me every week, with stories of how their kids had to drop out of school because they could not afford the fees, or how their families are surviving on one meal a day and even that one meal is trying to be spread out... when I’m listening to stories about how they’re trying to get extra odd jobs just be to able to keep a roof over their heads - all because Scamtonn is withholding the investors money that was due to them months or a year ago now - all because of a stupid biased contract the investors did not read because Cytonn KNEW they had not completed their education and specifically targeted those groups - yes, the entire company is a Ponzi. The Scamtonn four knew exactly who they were targeting - the poor and vulnerable and they successful did that. They will get away with it, they will be hiding millions and millions in their pockets while their investors suffer for generations to come, because of four greedy individuals in 2015 who made the choice to scam the innocent investors who were just trying to pay to educate their kids for a better future.



poundfoolish
#1186 Posted : Friday, June 18, 2021 12:59:32 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Story Story....

Tell Us!!!

essyk wrote:
Waaa! Kai!!Pray Pray
This is the MOST embarrassing and painful thread in the history of wazua.ok after one that I know.Laughing out loudly
I came here because abt 2 months ago a financial consultant gave me an inside story on these fellows. He actually called them Ponzi.So I came, read and went away because wazuans know it all.Laughing out loudly where does one even start.
There's another one too.. a ponzi but whee! This is battle for one PK
So Paul you fought a good battle.
You have been vindicated.

Moving foward, just buy a cow uwe unakunywa milk daily than some putting money in some ponzi masquerading as 'investment schemes'






Or forever join the queue of fear mongers behind PaulKimani
Rollout
#1187 Posted : Friday, June 18, 2021 1:22:06 PM
Rank: Member

Joined: 4/26/2011
Posts: 759
poundfoolish wrote:
Story Story....

Tell Us!!!

essyk wrote:
Waaa! Kai!!Pray Pray
This is the MOST embarrassing and painful thread in the history of wazua.ok after one that I know.Laughing out loudly
I came here because abt 2 months ago a financial consultant gave me an inside story on these fellows. He actually called them Ponzi.So I came, read and went away because wazuans know it all.Laughing out loudly where does one even start.
There's another one too.. a ponzi but whee! This is battle for one PK
So Paul you fought a good battle.
You have been vindicated.

Moving foward, just buy a cow uwe unakunywa milk daily than some putting money in some ponzi masquerading as 'investment schemes'


Do you listen to yourself? @poundfoolish



Or forever join the queue of fear mongers behind PaulKimani

paulkimani
#1188 Posted : Friday, June 18, 2021 1:28:15 PM
Rank: Member

Joined: 1/19/2016
Posts: 204
A kind reminder to all the new lurkers now that the news has broken in the mainstream media, that Cytonn is indeed a scam, a ponzi. 6 years too late, but better late than never.

The four who started Cytonn were:
Edwin Dande
Patricia Wanjama
Shiv Arora
Elizabeth Nkuku

Another kind reminder, they were the brains behind conning Kenyans of their lives.

Another kind reminder, Superior Homes was bought by Cytonn and Shiv Arora is now their CEO. Please connect the dots yourselves.

To those who wish to contact me,
Let me know
sparkly
#1189 Posted : Friday, June 18, 2021 5:19:23 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
paulkimani wrote:
A kind reminder to all the new lurkers now that the news has broken in the mainstream media, that Cytonn is indeed a scam, a ponzi. 6 years too late, but better late than never.

The four who started Cytonn were:
Edwin Dande
Patricia Wanjama
Shiv Arora
Elizabeth Nkuku

Another kind reminder, they were the brains behind conning Kenyans of their lives.

Another kind reminder, Superior Homes was bought by Cytonn and Shiv Arora is now their CEO. Please connect the dots yourselves.

To those who wish to contact me,
Let me know


Ata wewe ni mjinga. It can't be a ponzi if they have real estate projects. Bad investment yes, ponzi no.
Life is short. Live passionately.
Rollout
#1190 Posted : Friday, June 18, 2021 5:29:34 PM
Rank: Member

Joined: 4/26/2011
Posts: 759
sparkly wrote:
paulkimani wrote:
A kind reminder to all the new lurkers now that the news has broken in the mainstream media, that Cytonn is indeed a scam, a ponzi. 6 years too late, but better late than never.

The four who started Cytonn were:
Edwin Dande
Patricia Wanjama
Shiv Arora
Elizabeth Nkuku

Another kind reminder, they were the brains behind conning Kenyans of their lives.

Another kind reminder, Superior Homes was bought by Cytonn and Shiv Arora is now their CEO. Please connect the dots yourselves.

To those who wish to contact me,
Let me know


Ata wewe ni mjinga. It can't be a ponzi if they have real estate projects. Bad investment yes, ponzi no.


Majority of Ponzi don't really start as Ponzi but they turn Ponzi once founders finds out that the business model doesn't work but due to some reasons e.g. egos, agency problem or escalation bias, they start misleading investors in order to continue sustaining the story and collecting more capital, sometimes key principals don't even know they are in a Ponzi scheme.

In fact, the founders most of the time keep collecting more capital in hope of turning around and making the concept legitimate. I don't think Cytonn guys started this with intentions of defrauding their investors but once they start misleading them in order to rope them in then that's when it turn Ponzi

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