By Andrew Kariuki
Two men have been charged before the Milimani Law Courts in Nairobi with obtaining money by false pretences and conspiracy to defraud in connection with an alleged cryptocurrency trading scheme amounting to over KSh 15 million.
According to a charge sheet filed by the Directorate of Criminal Investigations (DCI), Jackson Apollo Ananda and Alvin Oduya Atieno are accused of jointly defrauding a businesswoman, identified in court documents as Tuyishime Grace, of 116,000 USDT (approximately KSh 15,360,000) on April 30, 2025.
The prosecution alleges that the two, together with others not before the court, falsely claimed that they were in a position to assist the complainant in cryptocurrency trading through the Binance platform, a representation the prosecution says they knew to be false.
Both accused persons pleaded not guilty to the charges of obtaining money by false pretences and conspiracy to defraud.
During the court session, the court requested a pre-bail report be prepared before the court could determine suitable bond and bail terms. The magistrate also directed that the report be presented on October 9, 2025, when the case will be mentioned again.
In the meantime, the two accused are to be remanded at Central Police Station until the next mention date.
