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Rank: Member Joined: 1/19/2016 Posts: 204
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Queen wrote:KulaRaha wrote:paulkimani wrote:Queen wrote:KulaRaha wrote:Queen wrote:KulaRaha wrote:Watch this thread. There will be many guys who lose their money to this scheme.
remember I said it here. Post No.28. Posted on 16th January, 2016. Premonition? Back then they were paying between 18% and 24% on deposits. No premonition needed, ponzi alert activated. Remember, if it looks like a goat, has horns like a goat, and bleats like a goat, then it probably is a goat. Some guys were not amused with your sentiments that time. I always wondered if these trio could scam their employer, Britam, what aren't they capable of? It’s four of them. Edwin Dande, Patricia Wanjama, Elizabeth Nkuku and Shiv Arora. I called it from day one and everyone hated on me. https://twitter.com/bone...290580602060668928?s=21
“ @CytonnInvest there's some mazematics going on in your unit trust statements that you need to fix. Things don't add up.” Word on the street is that Shiv Arora has jumped ship like the proverbial rat. https://www.google.com/a...taps-shiv-arora-as-ceo/ Just like the Goldberg scandal the muzungus will get away with it. He knew when to get out after all the people he has scammed.
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Rank: Member Joined: 1/19/2016 Posts: 204
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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paulkimani wrote:https://twitter.com/effects_then/status/1298668126779965440?s=21 What did cytonn do to you? Hii machungu mingi can take you to a deep state of depression which you might take ages to recover. #Wachana naye. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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https://nation.africa/ke...investment-fund-1928166
Cytonn fights new order on its investment fund In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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BGL wrote:paulkimani wrote:https://twitter.com/effects_then/status/1298668126779965440?s=21 What did cytonn do to you? Hii machungu mingi can take you to a deep state of depression which you might take ages to recover. #Wachana naye. Freedom of speech. Let the man speak his mind, heart and soul
KQ ABP 4.26
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Rank: Member Joined: 1/19/2016 Posts: 204
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Angelica _ann wrote:https://nation.africa/kenya/business/-cytonn-fights-new-order-on-its-investment-fund-1928166
Cytonn fights new order on its investment fund The CMA have regulations restricting companies investing people’s funds which say the company can only invest 10% of the total amount raised into projects that the company is involved in. This gives room for the company to invest in a wide range of investment options and not be biased toward their own projects. It also protects investors if you invest in multiple projects by multiple companies. Cytonn CEO says this is an “economic crime”. Cytonn went ahead and invested all the money in the fund - over kshs 860 million into their own projects. Only two projects. Both Cytonn projects. Disclaimer: PK has never been an investor or employee of Cytonn.
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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When will they complete Alma project. It seems to be an endless money pit. Quote:Mr Dande has accused CMA of engaging in an economic crime, terming the order ‘malicious, unreasonable, irregular and illegal,’ that will fold the high-yield fund he started running in December 2019.
“The directive will cripple the operations of the fund, plunge the fund manager and the investment scheme into chaos resulting into unnecessary legal suits due to breach of contract and lead to massive walkout of the unit holders. It will also plunge the fund manager and the scheme into a financial quagmire as the unit holders will require an immediate return of funds,”Mr Dande said in an affidavit.
Cytonn asset managers had invested about 80 per cent of the Cytonn High Yield Funds into Cytonn’s Alma and Applewood properties, drawing the attention of CMA and the June directive.
Mr Dande argues that Cytonn High Yield Fund is a special fund and does not belong to the category where the law limits the investment of the funds to 10 per cent where the fund manager, trustee and custodian are related parties.
“It is commercially impractical or even near suicidal for the fund manager to withdraw funds it has already invested in its real estate projects. Funds once invested needs time to mature,” said Mr Dande. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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paulkimani wrote:Queen wrote:KulaRaha wrote:paulkimani wrote:Queen wrote:KulaRaha wrote:Queen wrote:KulaRaha wrote:Watch this thread. There will be many guys who lose their money to this scheme.
remember I said it here. Post No.28. Posted on 16th January, 2016. Premonition? Back then they were paying between 18% and 24% on deposits. No premonition needed, ponzi alert activated. Remember, if it looks like a goat, has horns like a goat, and bleats like a goat, then it probably is a goat. Some guys were not amused with your sentiments that time. I always wondered if these trio could scam their employer, Britam, what aren't they capable of? It’s four of them. Edwin Dande, Patricia Wanjama, Elizabeth Nkuku and Shiv Arora. I called it from day one and everyone hated on me. https://twitter.com/bone...290580602060668928?s=21
“ @CytonnInvest there's some mazematics going on in your unit trust statements that you need to fix. Things don't add up.” Word on the street is that Shiv Arora has jumped ship like the proverbial rat. https://www.google.com/a...taps-shiv-arora-as-ceo/ Just like the Goldberg scandal the muzungus will get away with it. He knew when to get out after all the people he has scammed. A bit misleading to claim Shiv Arora has jumped ship yet he's been appointed to lead a subsidiary of Cytonn
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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mozenrat wrote:paulkimani wrote:Queen wrote:KulaRaha wrote:paulkimani wrote:Queen wrote:KulaRaha wrote:Queen wrote:KulaRaha wrote:Watch this thread. There will be many guys who lose their money to this scheme.
remember I said it here. Post No.28. Posted on 16th January, 2016. Premonition? Back then they were paying between 18% and 24% on deposits. No premonition needed, ponzi alert activated. Remember, if it looks like a goat, has horns like a goat, and bleats like a goat, then it probably is a goat. Some guys were not amused with your sentiments that time. I always wondered if these trio could scam their employer, Britam, what aren't they capable of? It’s four of them. Edwin Dande, Patricia Wanjama, Elizabeth Nkuku and Shiv Arora. I called it from day one and everyone hated on me. https://twitter.com/bone...290580602060668928?s=21
“ @CytonnInvest there's some mazematics going on in your unit trust statements that you need to fix. Things don't add up.” Word on the street is that Shiv Arora has jumped ship like the proverbial rat. https://www.google.com/a...taps-shiv-arora-as-ceo/ Just like the Goldberg scandal the muzungus will get away with it. He knew when to get out after all the people he has scammed. A bit misleading to claim Shiv Arora has jumped ship yet he's been appointed to lead a subsidiary of Cytonn Conversely, a bit misleading to claim that Superior Homes is a subsidiary of Cytonn Investments.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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So has Arora's proxy on the board also resigned? Business opportunities are like buses,there's always another one coming
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