How Profit Venture Limited is stealing from Kenyan forex traders
We are raising the forex scam alert levels in Kenya to code red.
Even after being duped in ponzi schemes like Bullish Trade, and even while the jury on VIP Portal is still out there, Kenyans are still entrusting their forex trading capital to local online forex trading organizations.
Forex Investigator has come across documents showing that a Nairobi based forex Introducing
Broker along Tom Mboya Street, Profit Ventures Limited, owes millions of shillings to clients who invested with them in the hope of obtaining high returns after a few months. Forget VIP Portal Incorporated, this one is the mother of all forex scams.
We have seen bank receipts from investors who deposited with this introducing broker months ago. The smallest amount of deposit made to this IB being Kshs. 132,000. This IB has one agent, a lady, who has been asking people to deposit money through an account at standard chartered bank.