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September 23, 2026
46m ago

Two Women Charged Over Fraudulent Investment Scheme Targeting Kenyans

Two Women Charged Over Fraudulent Investment Scheme Targeting Kenyans

The development follows a CMA warning over 15 investment platforms accused of unlawful operations and soliciting money from investors...

✨ Key Highlights

Two individuals have been charged in court for allegedly operating an unlicensed and fraudulent investment scheme that was previously flagged by the Capital Markets Authority (CMA).

  • The suspects were arrested on September 22 and presented in court on September 23.
  • The case involves the CMA, the Directorate of Criminal Investigations (DCI), and the Office of the Director of Public Prosecutions (ODPP).
  • The two women are accused of fraudulently soliciting money from the public by operating a collective investment scheme without the required CMA licence between January 1 and September 17.

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