Over the last few weeks, a wave of digital investment scams has been slowly resurfacing across the country, echoing a pattern that victims have witnessed in various forms over the past decade.
These schemes, which cleverly adopt the language and aesthetic of modern fintech and social entrepreneurship, appear to be nothing more than a sophisticated reincarnation of older fraud models that once thrived under the banner of pyramid structures and unregulated forex clubs.
They have now returned more refined and insidious than before, preying on a climate of economic despair marked by widespread financial strain, collapsing public confidence, and a growing sense of desperation among the population.
At the heart of this troubling resurgence are a cluster of entities such as DDB, VML, and Tombras Group, which appear to operate through a coordinated playbook, albeit with different branding.
These platforms, while outwardly diverse in name and presentation, operate through a uniform set of tactics, from high-return promises to fabricated media exposure.
The case of DDB stands out in this regard.
Not only did it construct a seemingly robust digital ecosystem, but it also managed to penetrate national media, having been featured during a KBC lunchtime news broadcast in a segment that cast its so-called innovations in a flattering light.
Behind the sleek branding lies a calculated scheme designed to lure unsuspecting investors into a cycle of deception.
The process begins with enticing promises of rapid, exponential returns, often with guarantees of weekly or monthly payouts.
Initially, everything seems legitimate.
Investors receive returns on time and are encouraged to reinvest their earnings to maximize profits.
Regular updates and online testimonials all contribute to building a sense of security and trust.
But the moment the investor attempts to withdraw their earnings, the façade starts to crumble.
What once seemed like a smooth withdrawal process becomes increasingly complicated.
Delays start to occur, and the system, which previously handled payments effortlessly, now freezes.
At first, investors are told the delay is due to “technical issues” or that their funds are “under review.”
Communication dwindles, and the once-responsive support teams become unreachable.
As frustration grows, some investors are eventually told that in order to release their funds, they must pay additional fees, such as “clearance fees” or “recovery charges.”
The platform claims that these payments are necessary to verify the investor’s account or to provide additional security before funds can be released.
With each payment, the trap tightens and the investor is further ensnared in the scam.
By the end, when the truth fully emerges, the operators behind these platforms vanish without a trace and leave behind a trail of defrauded investors.
For those who managed to hold on long enough, the final realization that the system they trusted was nothing more than a scam all along is often crushing.
It is worth noting is that the resurgence of these frauds coincides with the rise of a broader economic culture driven by speculative hope manifested most clearly in the explosion of online gambling, sports betting platforms, and quasi-financial games disguised as “opportunities” for economically vulnerable citizens.
Such scams tend to flourish in periods where structural unemployment grows, where the cost of living outpaces wage growth and where formal economic inclusion remains elusive for vast portions of the population.
In this latest case, reports have emerged identifying a constellation of entities, among them DDB, VML and Tombras Group that not only share overlapping features but also a common DNA of digital deceit.
Though they wear different skins, the infrastructure beneath is similar.
Each brand sustains its narrative through staged testimonials, community outreach programs, and, most troublingly, appearances in public-facing media environments that most Kenyans still associate with reliability.
Such coverage did not only extend visibility but lent the platform an aura of authority, reinforcing the illusion that its operations were aligned with broader state development goals.
This sudden wave of digital fraud comes in the immediate aftermath of a similar collapse in West Africa, involving a platform known as CBEX, which operated under the guise of a cryptocurrency-based investment network.
Like the Kenyan platforms, CBEX promised high-yield returns, boasted of ties to reputable institutions, and even masqueraded as a legitimate arm of a Chinese state-backed entity.
It lured in tens of thousands of users, many of them young people, before locking them out of their accounts and demanding “verification fees” to restore access.
While CBEX primarily affected Nigerian investors, several East Africans, including Kenyans, were also caught in its web, suggesting these operations may not be isolated to one region or country.
The timing and tactics between CBEX and the Kenyan platforms are strikingly similar, raising questions about whether the same actors or networks could be involved across multiple countries, adjusting branding and messaging to local markets.
Many of the victims are now urging local investigative agencies, such as the Directorate of Criminal Investigations (DCI), the Financial Reporting Centre (FRC), and other relevant authorities, to take swift and decisive action against the scammers and networks behind these fraudulent platforms.
One crucial area of focus for these investigations should be the influencers and online personalities who have been pushing these platforms on social media and other digital channels.
It’s important to recognize that many of these influencers, who presented these scams as legitimate investment opportunities, were likely not victims themselves but instead were paid to promote these platforms.
As part of the investigation, it is crucial to track these influencers and determine if they were knowingly promoting fraudulent platforms for financial gain.
Their involvement, whether active or passive, will certainly provide key insights into the inner workings of these scams and help authorities identify the people behind them.
To those who have encountered similar scams, whether they have fallen victim or simply noticed suspicious activities, do not stay silent.
If you have information about any ongoing scams or have been personally affected by fraudulent platforms, we encourage you to report these incidents to the relevant authorities.
You can also reach out to us directly, as we are committed to providing a platform for victims and concerned citizens to raise their voices and alert the public about such fraudulent schemes.
