3 investment Scams East Africans Have Fallen Prey For!

You know how some religious leaders tell their followers that if they pray hard enough and donate tons of money to their organisation, their gods will bless them with wealth? These claims are often made in the same spirit in which scam artists present fantastical investment schemes to their victims.

The promise of such rich blessings from an almighty “investment plan” is too much for many people to resist—who wouldn’t want wealth without having to work for it? Alas, it’s this kind of thinking that’s gotten thousands of East Africans conned of millions of dollars by scams that look pretty damn dodgy to regular folks like you and me. Here are 5 of the most recent, and most notorious.

 

AMAZON TRADERS.
The latest fraudulent scam that claims to be trading in forex and other crypto currencies just opened a few days ago under the domain name www.amazontraders.co.uk, and things are already not good for the many investors that are putting their money into this scam.
The company gets people into investing money with them with a hope of reaping big through daily returns of 1%, 1.4%, 1.7% and 1.9% depending on how much someone has paid. If these investors had only had a closer look at the company website, complete with poorly photoshopped pictures and a banner containing an egregious grammatical error, they might have smelled a rat. Amazon Traders stands on the possibility that, new people will keep investing money that will pay the previous ones. Mathematically, this cycle can not last more than 8 months, and the possibility of a crush and scamming people’s hard earned money is eminent.
Alexa rankings show that 82% of the traffic is coming from Uganda, a clear indication that, this scam has its roots from that nation, and that its claims of being from the UK are as false as their promise of paying investors for 52 weeks.

 

PAY DIAMOND.

A company name containing no spelling errors, well spoken salespeople and a presence in the UK. The company aggressively advertised to try to get people to participate in their investment schemes with a hope that their investment shall buy into the most sought-after mineral-Diamonds.

However, there is nothing like trade in diamonds and this scam has no actual indication of where exactly their money is coming from.

 

In short, they are robing Peter to pay John with a hope that an Alex will come on board.

Sadly, this kind of ponzi is not new to East Africans. Just a few months back, there came TelexFree and the frenzy was all up in the air. The bubble burst, people lost their money and tears were shed.

 

Prosperity Clube: They claim to be from Brazil, and that they do sports trading. Armed with a seemingly impressive website yet full of pirated images and content, this scam is just another fraudulent act to fleece people of their hard earned money. The claim that they do sports trading has no evidence. A simple sweep in all records of approved Sports Traders show nothing like Posperity Clube, and their admins are anonymus. Whois databases check also shows hidden and an encryption of their actual identity.

If the admins cannot even reveal their true identity, then their intentions are truly negative.

The disturbing thing is that this isn’t the first time someone’s played the exact same trick. Programs like ADFAST, TESCO TRADERS etc have pulled the exact same stunts and walked away clean with people’s money.

These ponzi schemes are not even smart enough to up their game. They keep bringing back the exact same ridiculous styles and unfortunately, some people keep falling for them.

In my next artciel, I will give you the tricks of identifying a scam and how to avoid them.

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36 thoughts on “3 investment Scams East Africans Have Fallen Prey For!

  1. Who ever sent this must be jealous and a Ugandan. U are fake and ur plans won’t work. Amazon is here to stay and no one will stop us so keep your comments.

    1. What proof do you have that amazon traders, is actually doing any real trade with your investment. Mathematically, its just robbing You to pay someone else. Is that sustainable ??
      Watch the Space.

    2. Dear JOSEPHINE, the warning is not meant to stop you from continuing with the amazon traders if you so wish. But in good fate. in recent years a company called dutch international claims to do business for an investor. people invested millions some cashier stole money from their employers to invest you can imagine , with expectations to REAP dividend. I WAS CONNED OF MILLIONS MYSELF, TO MAKE MATTERS WORSE I HAD INTRODUCED A FRIEND WHO ALSO LOST MILLIONS . WE LOST FRIENDSHIP AND UNTIL I HAD TO PAY BACK HER MONEY FROM MY POCKET. DOUBLE LOSS . I HAVE NOW BEEN APPROACHED BY A TRUSTED FRIEND TO SPONSOR HER FOR AMAZON TRADERS INVESTMENT. LET ME SHOW YOU HOW CONVINCING AND ALSO HOW IMPOSSIBLE. AN INVESTMENT OF 20,000 US D WHICH IS ABOUT 72,000,000 USES AT A PROFIT OFF 1.9% PER DAY BRINGS YOU ABOUT 500,000,000 UGSHS PER YEAR VERY CONVINCING, IMPOSSIBLE BECAUSE IN THIS WORLD TODAY NO ONE CAN TRADE FOR YOU WHILE YOU ARE SLEEPING AND WAITING TO EAT BIG. . I TELL YOU PEOPLE ARE SELLING HOUSES TO PAY BUT ONLY TEARS THEY ARE GOING TO REAP. 1001 DOLLARS. I TELL YOU IT WILL LAST A LONG AS THEY ARE STILL ABLE TO CONE MORE PEOPLE. WHEN THE DUTCH INTERNATIONAL ROBBED PEOPLE THE KEY MEMBERS WERE ARRESTED THEY FOUND OVER 30B ILLION USHS IN THEIR ACCOUNT. ALL OF THEM WERE IMMEDIATELY RELEASED CASE DISMISSED . THERE ARE MANY CASES JOSHEPINE BUT IF YOU ARE BENEFITING GOOD CHANCE FOR YOU

  2. U guy are a promoter of d9 which was banned in Uganda and Rwanda. So back off amazon traders and concetrate on your d9 scam

    1. Is amazon paying through the bank, skrill or any payment gateway? The fact that right now you are just doing member to member, means amazon has already scammed. In a few days, I will send you an email congratulating you upon the loss of money you will have finally accepted.

  3. I’m not an affiliate in either of the platiforms. But the way you tried to disclose the danger behind these platiforms lack proffessional approach or failed to display the yellow york of an egg on scammy or pyramid scheme allegation.

    How ever I heard on payment trouble to AMAZON members but not sure if that is permanent problem or fatal challange.

    Consistance information must contain responses from business owners and views of the members e.g. Just mention the response of the affected members OR if your investigation is thorough get into details and facts with evidence on how it is going crush, others the news are fake or just rival prey hunter.

    1. AMAZON is a big time scam, and the sooner you crazy Ugandans and East Africans realise it, the better.
      It is run using a masquerading name, AMAZON TRADERS. In essence, they do not trade anything. Our investigations have found out that, the real guy behind it is called Paul Kimbugwe, a Ugandan based Sports analyst. This is not his first program. Our sources in Uganda say, in 2015, he introduced a program called GAU(Gamble Aware Uganda) that scammed people seriously.

      Suffice to say, AMAZON is just a poorly coded website with too much jQuery errors and stupidly written code. A company claiming to be trading in millions of dollars, can not have such a crap website like the one you see.
      I won’t divulge more info, considering that top intel organs have picked interest in the dealings of Mr. Paul Kimbugwe and his cronies.

  4. If it is true that Amazon is really a scam, then how does one tell that a given company is real or a mere scam/??
    There are many companies which come up with very attractive pay backs and given the poor income levels one is persuaded to join with borrowed money many times How can one tell the true ones from the false ones without prejudice?
    Personally, I have just joined 2 of such companies which i don’t want to mention. If you are really concerned, then share with us the indicators or a current list of companies that are genuine.
    Thanks.

    George

    1. Thanks for the remarks. In my next article, i will examine how to tell a scam and a business that might last for some good time. Watch out for it

    1. Ofcourse we have heard those many stories like yours. How did you exactly withdraw yet they have frozen accounts?
      Kindly stop lying when you are writing to global audience that this site appeals to.

    2. dont lie brother the website is no longer there almost the whole of this month with a lot of excuse

  5. Hahaha, Blaise, Blaise….thanks for informing these chaps. They are so new to online businesses and are indeed a gullible lot. They fall for all crappy stuff online. When I heard about amazontraders as one owned by AMAZON (that is how the ignorant networkers promote it), i rushed to sign up. On checking the site with its crappy code and jQuery errors , i retreated. Straight away i knew some Ugandan was out to make a very quick buck just the way it was with the funny emaarventures. So blame these chaps considerably as they think that they simply dump money anywhere online. Kimbugwe is a very cunning man, not even the proverbial hare can match his wit. Even if investigated he will come out of this. After all it is a matter of sharing the returns with the Police and it is done. What happened with the Muramuzi guy who operated TESCO? He walked away scot-free. So if you are to do online business, do it carefully. There are some good ones and the bad ones. Ask us with lots of experience. I started these businesses in 2009 and many here are just starting and yet want to prove a point. I want to think that the person vouching for Amazon traders up there is Kimbugwe himself but used a pseudonym Laryngitis Josephine or if not then she is Kimbugwe’s dish or business handler….nothing far from that. We have been there and seen it all.

  6. Scare me not. So how is one supposed to tell a genuin online business? What are those key features that one should look for in an MLM business?
    Share some more light please

  7. the website is no longer there ha ha dear friends let go to work no easy money

  8. thanks guys for this information I was about in invest nearly £10000 in this scum. Greatly appreciated. Some one had called me informing me that investing in this scum was good business. But as you know being abroad you don’t just fall prey to African scums so I started researching for my self before I could send him the money. My question was how can you just invest and some one else trades for you while you sleeping only in Africa it happens. But still I was like may be it is good business. Today I was trying to find out more information and a fell onto this. Actually I had emailed the so called Amazon trader to send me more information but no one responded. If this is a scum it is really bad for many people are falling to invest in this. That man in Uganda leading this scum must be arrested. But if it is good business then let them give use their over sea head offices so that we can check the company out with trading standards. But thanks all who have given information and exposed this scum. we going to continue digging to find out. Our money is safe now.

    1. Am glad you followed your instincts.
      I personally do trading, and usually people give me money to trade for them. I never see any reason why anyone should invest in a scam, yet there people like myself who can trade for them. Do send me an email on oblaise678@gmail.com , andI help you make legit profit off your investment with me.

  9. Amazon traders is a scam please people dont join it rather report it immediately to the police and authorities and that si called Paul kimbugwe should be jailed.

    1. • Is your D9 account showing upgrade/renewal but you don’t have VIP or eMoney?
      • Do you wish to sale off eMoney/VIP easily without recruiting?
      • Do you wish to buy D9 CLUBE eMoney/VIP?
      • Do you need a strong upline/Team that will enable you earn multiple Spillovers?
      • Do you need onspot support and links to dynamic teams that will support you to grow financially in D9 Clube?
      • Do you wish to sell off your D9 CLUBE account & close the chapter?
      If you answered YES to any of these questions, click on http://www.d9exchanger.com , create account & SUBSCRIBE to any PACKAGE that fits you. We shall get you sorted immediately. JOIN 2,300+ members.

  10. I have just joined this stuff yesterday. And now I hear this, I have put 700.000. How can I withdraw from it? Or I close the account. And more what can you tell me about one coin? Is it a scam too?

    1. • Is your D9 account showing upgrade/renewal but you don’t have VIP or eMoney?
      • Do you wish to sale off eMoney/VIP easily without recruiting?
      • Do you wish to buy D9 CLUBE eMoney/VIP?
      • Do you need a strong upline/Team that will enable you earn multiple Spillovers?
      • Do you need onspot support and links to dynamic teams that will support you to grow financially in D9 Clube?
      • Do you wish to sell off your D9 CLUBE account & close the chapter?
      If you answered YES to any of these questions, click on http://www.d9exchanger.com , create account & SUBSCRIBE to any PACKAGE that fits you. We shall get you sorted immediately. JOIN 2,300+ members.

  11. Hahaaaaaaa,,,, hahaaaaaaa aaaaaa,,,, there is another one in Tanzania called Dango estate!!!! Can anyone know more about it

  12. Mujja kuba bulungi.if what you guys are saying i true then uganda has think tanks.Uganda zaabu

  13. can anyone explain to me what is going on in amazontraders.. I withdraw my balance and system tel me successful but aren’t in my bank account.! even to login in amazontraders now they not allowed me..

  14. Amazon just got closed as well as D9 in Uganda

    Sorry for investing your money , try Agriculture may be or join Politics ..
    Haahaah

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