Kenyan investors who put their money in the Amazon Web Worker App woke up to a shock over the weekend as the app was deactivated. It no longer appeared in the google play store as a result of being deleted. This happed without prior notice. The investors were enticed by the very friendly returns on interest. The app offered returns of up to 38%for seven days as the least package and 3420% for 360 days as the highest offer.
Netizens were shocked to find out that the company has never been affiliated to amazon and unable to withdraw their funds since the app went down. A section of Kenyans on twitter went ahead to share their experiences. Blogger Cyprian Nyakundi revealed that there are some people who invested as much as three hundred thousand Kenyan shillings.
‘I hear there is a Ponzi scheme called Amazon web worker that has vanished with Kenyans billions. Some guys had invested as much as Ksh300,00.Kenyans will never learn.’
Scam alert
Amazon web worker is not the first of its kind. Another Ponzi scheme that recently hit Kenyans was public likes and live auction Kenya. Public likes presented itself as a social media marketing firm that would pay people for simply watching and clicking on adds. The site utilized a paid to click system where users get money by simply clicking on adds(PTC). The money they got paid was said to be payment made by advertisers for every click, popularly known as Pay per Click (PPC).This was an elaborate scheme that attracted over 2 million Kenyan users and saw advertisers loose close to 2 trillion in advertising revenue.
On the other hand live auction Kenya presented itself as a ‘Peer to Peer online investment platform where members buy and sell our shares to Make profit’. The company promised investors 30% returns for three days 60 percent for 60 days and 90 % for 12 days with the minimum deposit amount being one thousand two hundred Kenyan shillings. Investors were lured through various social media platforms and after attracting thousands of Kenyans the company suddenly collapsed.
Is it That Kenyans are quick to spot investment opportunities or is it that Kenyans are desperate and easily fall for get Rich quick scams?
