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KA-INVESTOR

  • Permalink for 'Mulika Mwizi: Pyramid Schemes Die Hard' Mulika Mwizi: Pyramid Schemes Die Hard
    Posted: March 19th, 2009, 8:51am CDT
    Thanks to Rafiki Kenya tweets

    Even after several Kenyans lost millions of hard earned money to shoddy investment schemes such as Deci and Sasa, pyramid schemes seems not to be dying out. There is a new con artist in town (The Net Wealth) who even targets post-election violence victims as its model clients. Any one reading this should please keep off such schemes that promise heaven and earth. If its too good to be true….then it isn’t. Guess I’ve done my part in the mulika mwizi (spot a thieve) campaign.

    Wikipedia has a detailed analysis why pyramid schemes don't work, but this illustration summarises it all: