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Impersonator charged with Sh3 million shares fraud
An individual impersonating various registered shareholders has been charged in court as part of a scheme that attempted to defraud investors and their respective stockbrokers of shares worth Sh3 million. PHOTO | SHUTTERSTOCK
A man impersonating various registered shareholders has been charged in court with attempting to defraud investors and their respective stockbrokers of shares worth Sh3 million.
Patrick Musau Munguti has been charged with stealing and fraudulently selling shares of KCB, Equity Bank, Standard Chartered, Bamburi Cement, Absa, Co-operative Bank, Nation Media Group, Centum and Kengen all valued at Sh1.864 million at stockbroker SBG Securities.
