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Topic: The great Sasanet rip-off - dijkstra  [231 views | 6 replies]
Wednesday, October 31, 2007 09:11
Business Daily:

"In what is yet another manifestation of the massive hunger for investment opportunities in a loosely regulated market,thousands of Kenyans have lost millions of shillings in a phoney ICT services company that has been operating a pyramid-type scheme."

It's shocking how kenyans are losing their hard-earned cash big time.

Will we ever learn??
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The next goldenburg [Tembea]
Wednesday, October 31, 2007 11:29

I will avoid names because facts i offer are public info. It can be verified by anyone. Files have not yet been stolen from registrar.

The Provincial Commisioner for Cooperatives was approached to freeze the directors accounts he declined and dismissed. Checking out the employees of one of the Sasanet affiliates-the Comissioner's son.
Looking through the registrar of companies some minister  (from embu) owns another company with this dude. This company desn't have the name sasanet in it.

he is still operating a company to distribute money  with the leading mobile operator. and also giving SMS services to the leading supermarket.
Try reporting to CID milimani-no audience.

This guy has corvered his tracks well.
As for me,whining is past.

In the 1950s and 1960s,the heroes were the long-term investors; today the heroes are the wise guys.
The great Sasanet rip-off [cindano]
Wednesday, October 31, 2007 10:41


good to hear from you....

you dont sound so low.....thats an improvement.....

Why dont you go a step higher and toboa.....the name.....physical address....wives names... chics..... his pals......

Kila kitu kiasi...kazi...kula...kucheza...kunywa...hata ujinga
property transfer [Tembea]
Wednesday, October 31, 2007 10:34

The main guy behind sasanet has transfered buldings and beach plots to his brother ( a new graduate management trainee at KCB). The guy stlill has huge IT contracts with British and American embassies.
Hi brother(another one) is now offering an SMS service to one of the parties-Judge yourselves.
One thing-#
On sunday representatives from all victims of pyramid schemes throughout the country met. It emerged that more than 2 million peple  have been screwed altogether. Polticians,are you there?

In the 1950s and 1960s,the heroes were the long-term investors; today the heroes are the wise guys.
The great Sasanet rip-off [cindano]
Wednesday, October 31, 2007 10:12

It is definitiely a crying shame that a profession (legal) is instrumental in designing and orchestrating scams that are both legal and pyramid schemes... and now Sasanet.....

any crafty individual.....using the right lawyer....could outsmart anyone they target....

Kenya is becoming a ripe environment for an ambitious middle class,ready to make a quick burk to catapult themselves into the upper class..... money.....wealth....power.....

If you are that ambitious...


befriend a awyer who will read the fine print.....

jump with your eyes open.....


dont be heartless....

Kila kitu kiasi...kazi...kula...kucheza...kunywa...hata ujinga

Wednesday, October 31, 2007 10:08

I think those who got ripped off at Sasanet deserved it!

Frankly,apart from drugs and a host of other illegal activities,who can pay 13% per month,every month? This translates to 156% on simple interest basis,and this must be a magical business.

Remember the saying,you only get conned when you are presented with an opportunity to con yourself.

Business opportunities are like buses,there's always another one coming
1B! [Mocassin]
Wednesday, October 31, 2007 09:26

The amounts lost per individual are astounding.



No wind favors he who has no destined port.

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