{"id":11147,"date":"2021-08-18T07:54:05","date_gmt":"2021-08-18T07:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/kenyans-cautioned-against-investing-in-btc-company-promising-returns-of-400-in-six-hours\/"},"modified":"2021-08-18T07:54:05","modified_gmt":"2021-08-18T07:54:05","slug":"kenyans-cautioned-against-investing-in-btc-company-promising-returns-of-400-in-six-hours","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/kenyans-cautioned-against-investing-in-btc-company-promising-returns-of-400-in-six-hours\/","title":{"rendered":"Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours"},"content":{"rendered":"<p><strong>A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest\u2019s use of exaggerated return-on-investment promises to lure unsuspecting Kenyans. <\/strong><\/p>\n<h2>Unrealistic Promises<\/h2>\n<p>According to a CMA <a href=\"https:\/\/twitter.com\/CMAKenya\/status\/1425847198290481153\">statement<\/a> issued on August 12, Fxbitinvest is offering prospective investors a return on investment (ROI) of 400% within a space of six hours. In addition, the regulator also identifies the \u201cpaybill numbers\u201d that are being used by individuals behind Fxbitinvest to collect funds from Kenyans.<\/p>\n<p>The CMA names persons associated with the company either in their capacity as employees or as owners. The identified individuals and their social media handles are Hassan Juma and Godfrey Koome who are both based in Kenya. The third individual, who is supposedly based in North America, has only been identified as an anonymous director.<\/p>\n<p><!-- growjs zone placement 31 -->    <!-- end of growjs zone placement --> <\/p>\n<h2>Aggrieved Investors Urged to Engage Police<\/h2>\n<p>In addition to advising Kenyans against depositing funds with the bitcoin trading company, the CMA said investors defrauded by Fxbitinvest should contact the Kenyan police. The CMA statement explained:<\/p>\n<p>Any investor who has been defrauded because of investing with the company is encouraged to report to the nearest police station with their national identity card, deposit slip or Mpesa statement, any contract that was entered into and other documents to support the claim.<\/p>\n<p>Alternatively, the regulator said aggrieved investors can lodge a direct complaint via the online complaints portal or by visiting the CMA\u2019s offices.<\/p>\n<p><em><strong>What are your thoughts on this story? Share your views in the comments section below. <\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nRegulation, Bitcoin Fraud, Bitcoin investment, Bitcoin Scam, Capital Markets Authority, Fxbitinvest, Kenya police, Law Enforcement, Mpesa<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest\u2019s use of exaggerated return-on-investment promises to lure unsuspecting Kenyans. Unrealistic Promises According to a CMA statement issued on August 12, Fxbitinvest is offering prospective&hellip;<\/p>\n","protected":false},"author":0,"featured_media":11148,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11147"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11147"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11148"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}