Detectives from the Directorate of Criminal Investigations (DCI) have arrested a 30-year-old man, Daniel Mbugua Njogu—commonly known as Dan—for allegedly defrauding countless individuals through a fraudulent forex trading scheme.
The arrest took place in Njogu’s residence in the Kimbo area, following an extensive investigation into his dubious activities that preyed on hopeful investors seeking lucrative returns in the volatile world of forex trading.
According to DCI officials, Njogu misled victims into believing they were investing in a legitimate trading platform, only to exploit their trust for personal gain.
The fraudulent operations reportedly involved enticing individuals with promises of high returns on their investments, drawing in unsuspecting victims who hoped to profit from the booming forex market.
The arrest underscores the DCI’s unwavering commitment to safeguarding the public from financial crimes that threaten to exploit vulnerable citizens.
Officials are urging anyone who may have fallen victim to Njogu’s scams to step forward and report their cases at the DCI’s Nairobi area offices.
Kenyans have been strongly advised to exercise caution when engaging in forex trading or any online investment.
Experts recommend verifying the legitimacy of brokers and trading platforms before investing money. Preferrably with the Capital Markets Authority (CMA)
