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Pyramid scheme victims threaten to camp at State House

25 August 2014, 21:03 Joseph Njung’eh

Nairobi - Thousands of people who were conned through pyramid schemes seven years ago have threatened to camp at State House in order to be reimbursed their money.

The representatives of the victims in Mount Kenya region said they were conned out of KES 6.6 billion and now want the government to freeze the money in the schemes’ accounts which they say is at Central Bank.

Through their spokesman, Bishop Erastus Njoroge, the groups said they will mobilize all the victims across the country and march to State House to air their grievances.

Njoroge said more than 6.5 million people were defrauded through the schemes and will call for mass action if the government fails to compensate them.

“If the money is not paid, we shall mobilize our members countrywide to march and camp outside the Office of the President until the government releases the money,” said the Bishop.

“We know the Head of State is friendly and will listen to us and act accordingly. Our concerns are genuine,” he added, noting that most of the victims have died and others run down after realizing that they were just being deceived.

Njoroge said there have been reports of suicide and broken families after spouses discovered that one of them had invested in the schemes.

He however claimed that someone in the government was a beneficiary of the schemes and was frustrating their efforts to see the President.

Between year 2006 and 2007, thousands of people countrywide invested in the said schemes with hopes of quick returns but unfortunately the schemes collapsed.

In Nyeri county, about 50 000 people were conned out of more than KES 1.5 billion.

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