CBK, Sasra warn Kenyans on re-emergence of pyramid schemes

The Central Bank of Kenya (CBK) and the Sacco Societies Regulatory Authority (Sasra) have warned Kenyans against Ponzi-style investment schemes that promise quick returns but eventually rob Kenyans of their hard-earned money.

The two regulators in a joint statement also cautioned against the activities of some rogue co-operative societies that have gone beyond their primary mandate of accepting contributions from their members.