The Capital Markets Authority (CMA) on Thursday cautioned investors against investing with Fxbitinvest, an online bitcoin trading company.
According to CMA, the company is closely linked to three people identified as Hassan Juma, Geoffrey Koome, and an unnamed director who lives in North America.
“Fxbitinvest is collecting funds from unsuspecting investors through the following M-Pesa Paybill Numbers: 1) 5578405 (Mpesa Paybill Name: CYPTO FX INVESTMENT) 2) 5525835 (Mpesa Paybill Name: FXBITINVEST),” said CMA in a statement.
The market regulator also advised victims of the fraudulent scheme to report the matter to their nearest police station with a national identity card, bank deposit slip or Mpesa statement, any contract that was entered into and other documents to support the claim.
Investors can also report the matter to the Capital Markets Fraud Investigation Unit at the CMA office in Upperhill or lodge a complaint directly on the Complaints Portal within the CMA website www.cma.or.ke.
In June this year, CMA came under fire for not warning the public against investing in the unregulated Cyton Investments.
Also read: CMA Recovers KSh 1 Billion belonging to Investors
