https://kenyanwallstreet.com/cma-stops-cytonn-from-picking-new-clients/amp/?__twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence”

What do you gain by slandering men and women who have mobilized investment funds of almost KShs 1B.

What have you done with you life so that we can celebrate you instead of wasting precious energy in hating others efforts?

What do you gain by slandering men and women who have mobilized investment funds of almost KShs 1B.

What have you done with you life so that we can celebrate you instead of wasting precious energy in hating others efforts?

talk about attacking the messenger and not the message

Maybe his/her ethics and morals are higher than yours?

The guys attacking PaulKimani should declare their conflict of interest. There's a lot of people crying about the money they lost at Cytonn.
PaulKimani has probably saved some Wazuans from being in the same predicament. For this he deserves a lot of kudos.
The guys attacking him are shameless. This is beyond attacking the messenger. It's trying to stifle a whistle blower with the hope that people won't figure out what's going on.
But we've all seen the tears of those hapless Kenyans who put money in Cytonn on TV including a widow who put all the money she got from her husband's insurance into Cytonn and has now fallen into depression.
If your pursuit of money has such an effect on society you deserve to be in prison.

If you don't speak out against these flagrant abuses of the financial system by smart people with dubious ethics, you further entrench the culture of anything goes as long as you make money in Kenya/Africa. Silence during a time of injustice is one of the worst forms of cowardice.

These Cytonn guys can have made money but I still remember how isolated Evans Kidero once looked at a Muthaiga Country Club function. You drive a Rolls Royce but spend lots of time in court rooms and the press. And you get very socially isolated.

The guys who make money the right way will not give you any respect despite all your money.

There are some things that money can't buy.

And there are some limits to making money.

Don't make money by making innocent Kenyans suffer after hoodwinking them with products that almost seem indistinguishable but carry hidden risks. And some of these people when they lose money get depressed or suicidal - who knows that a Cytonn 'investors' aka 'Cytonnaire' hasn't died as a result of this?

That's why Madoff got life behind bars.

To build a community with comprehensive lifestyle amenities – where you are providing, not just shelter, but also open green spaces, elevated children’s playground, a commercial center, a gym, heated swimming pool, day care, etc, you need capital for large scale developments.

This capital is not available in regulated markets; hence we have turned to private markets. That is what we have done at The Alma, a Kshs. 5 billion comprehensive lifestyle development bringing 500 apartments to the market.

The Alma has primarily been financed by private markets, which CMA is attacking.

CMA has already made it hostile for developers to raise funds in the regulated markets.

There isn’t a single residential development I know that has been developed with CMA-regulated funds.

Having failed the President’s housing agenda in the regulated markets, they should not try to introduce their regulatory rigidity into the private markets.

Developments such as The Alma are solving the housing problems we face in Nairobi.

Since moving in in 2019, the residents have never known a dry tap.

We are building a sewer treatment plant, treating waste, and then building a 400m storm water drainage to dispose clean treated water.

You’d think a regulator would at best support or at worst keep off rather than kill a tax base, killing jobs and take us back to unplanned neighborhoods.

The current CEO, Mr. Shamiah, does not seem to understand housing, he ought to pave way for people who can develop policies that are in line with national priorities.