The United States markets regulator has filed charges against an American who defrauded American investors $7.2 million (Sh788.3 million) for a fake desalination project in Kenya.
Verley Lee "Rocky" Sembritzky, Jr. collected money from unsuspecting Americans and instead used part of the money to buy luxury cars, jewelry, and watches, a condominium for his then-wife and pay off personal credit cards with $2 million (Sh219 million).
