In a shocking revelation, a complex chicken Ponzi scheme has come to light, leaving a trail of financial devastation in its wake. The fraudulent operation managed to deceive countless individuals, amassing a staggering Shs1 billion before its eventual unraveling. The scheme, designed to exploit people’s desire for quick profits, was built on a network of false promises and deceitful practices. ...
Read More »
Capital Chicken Limited, a contract farming company dealing in broilers with farming packages for individuals who want to accumulate their income has denied fleecing its Ugandan clients. News via different social media outlets have been reporting that the company located along Kanjokya street in Kamwokya closed down. The rumors also claim they ran away with their clients’ savings and businesses. ...
Read More »
Ugandans have been warned by the Capital Markets Authority (CMA) to be wary of a surge in economic crimes. The authority said the main part of the focus is the illegal fund managers, fictitious pyramid schemes, and Ponzi schemes. The CMA’s attention focused on the Alliance In Motion Global (AIM Global), one of the numerous firms under investigation by the ...
Read More »
Newslex Point News in Uganda, Uganda news
