23 C
Kenya
Wednesday, October 21, 2020

Willis Raburu: How I lost Sh. 300,000 to ‘AIM Global’ like scam

Must Read

Kenyan economy shrinks to negative 5.7 for first time since 2008

Kenyan Economy 2020: The economy is doing badly. Very badly. It contracted for the first time since the third...

Casual workers in urban areas suffer the economic impact of Coronavirus

Casual workers hit by Coronavirus Households which depend on casual work, generally concentrated in urban areas especially big cities, are...

How to get digital driving license in Kenya within a few days

How to get digital driving license in Kenya: Many Kenyans have been asking how they can acquire the new...

Multilevel marketing is all the rave among Kenya’s youth. These schemes promise to turn broke and idle youths into overnight millionaires. However, they are nothing more than endless money pits. This is the bitter reality that Willis Raburu learned about.

The Citizen TV news anchor lost more than Sh. 300,000 in a one of these multi level marketing con games in Nairobi.

In an interview with a local news platform, Raburu explained how he had always had the spirit of entrepreneurship. In his secondary school days, he used to sell biscuits and water. Now he has launched hos own line of branded masks and meat products.

What we learned after investing Sh. 100,000 in chicken farming

“I had a secret water tap that none of the students knew about and I sold water to them,” he narrated. In his early 20s, he was introduced to a multi-level marketing scheme that promised to make him rich overnight. He borrowed Sh. 300,000 from a friend with the promise that he’d pay it back with interest.

“I thought about the amount of money I would make and be left with after paying the balance. I didn’t know what lay in store for me. They convinced me to bring in other investors. This would have me making more money. I also bought their products which they sold to me at a discount in order to increase my profits,” he said.

Once he parted with the money he had borrowed, the company went ghost on him.

Drama as DP Ruto is blocked from State House Facebook page

“After investing all the money, they stopped picking my calls. When I went to their offices I was told they had moved. That’s when I discovered I had been conned,” Willis Raburu said. Some of the popular multilevel marketing firms in Kenya that have left thousands of youths reeling in losses include AIM Global.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

190,412FansLike
11,005FollowersFollow
214FollowersFollow
297SubscribersSubscribe
WhatsApp
Telegram

Latest News

Mwananchi Credit Picks Jalang’o as brand ambassador

Mwananchi Credit Picks Jalang’o as brand ambassador Mwananchi Credit Limited has signed up Felix Odiwuor Kodhe, popularly known as Jalang’o,...

My uncensored advice to all jobless Kenyans

Here's the painful truth on the state of joblessness in Kenya. The original author of the following hard-hitting piece of advice is unknown: "Fellow jobless brothers...

Kenyan economy shrinks to negative 5.7 for first time since 2008

Kenyan Economy 2020: The economy is doing badly. Very badly. It contracted for the first time since the third quarter of 2008 as second...

Kidero: How I blew Sh. 418 million in Nairobi within months

Kidero Net Worth: Former Nairobi Governor Evans Kidero blew Sh. 418 million within months in an attempt to get re-elected as the Governor of...

Nyeri ex-teacher gives away Sh. 6 million mansion, moves in with his kids

Home for the Elderly: A generous Nyeri man has donated his Sh. 6 million mansion to elderly people in the county. Ninety-four-year-old Nduhiu Njama...

More Articles Like This