DCI Reveals How Pyramid Scheme Robbed 5,000 Kenyans Millions

The Directorate of Criminal Investigations (DCI) has raised an alarm regarding a pyramid scheme that has implored sinister schemes to swindle innocent Kenyans of their hard-earned money.

In a statement, the Mohamed Amin-led agency brought to the attention of members of the public the scheme operating in the name of NMK Capital Investment Limited which has over time pooled thousands of gullible investors who are now crying foul.

DCI stated on Thursday, September 7 that the suspicious company believed to have been registered in the country in 2021 has seven directors, among them one Ngugi Mucheru Keeru (NMK) who is also the sole Director and Signatory of a sister company; Bidsworth Autorents Capital Limited.

Officers stand guard outside DCI headquarters along Kiambu Road. /FILE

The companies are located in the city of Nairobi at Corner House and Norwich Union House respectively. 

"Lately, DCI's Serious Crime Unit has received numerous complaints from victims who ventured into the scheme, laying claims that nothing is left of their thousands and millions of investment after the directors fell out and the key suspect (Ngugi Mucheru Keeru) holed up," stated the DCI.

In the streetwise machinations, over 5,000 investors were hoodwinked to enter into a six-month contract with NMK with a minimum investment of Ksh50,000.

This would accrue a redeemable monthly interest of 15% or a similar percentage of compounded interest redeemable at the end of the contract period (six months).

The company went further to offer car hire services by leasing vehicles from unsuspecting members of the public, which it then hired out to individuals and agencies.

"Car owners allegedly received 30% of the proceeds from the company. Other ventures included off-plan properties.

"Eventually, investors are reporting to have lost millions of money from the investment and payments made for off-plan houses, while some of those who leased out their vehicles have no track of them," added the DCI.

Consequently, the DCI warned the public that NMK Capital Investment Limited and Bidsworth Autorents Capital Limited are under active investigation.

The investigative agency also called on Kenyans to exercise caution and due diligence before engaging in any such ventures whose proprietors' sheer greed for riches is founded on fraudulence.

Anti-Terrorism Police Unit attached to the Directorate of Criminal Investigations (DCI) take part in mobile tactical operations training on Friday, September 1, 2023. /DCI