More than 39,000 victims of pyramid schemes have suffered a blow after the High Court dismissed their plea for a Sh8 billion compensation by the State.
The victims had sued the government for failing to protect them against the deceitful schemes, leading to their loss of money. In the suit, the group sought orders to be compensated using the assets of the fraudulent schemes that the Central Bank of Kenya (CBK) confiscated during a 2007.
