Speaker Kadaga promises to investigate cryptocurrency scam that saw thousands of people conned over Shs10b | Trendsmedia.

Towards the end of last year, ISO and Police launched a joint operation that arrested several conmen that masqueraded as cryptocurrency traders and ended up conning thousands of Uganda their hard-earned money that is reported to be in the tunes of Shs10 billion.

Some of the victims of this grand scam demonstrated outside Mwanga II Magistrate’s Court in Mengo on Wednesday in search of justice, whereas others have petitioned Parliament to help them recover their money.

Yesterday, Speaker of Parliament Rt. Hon. Rebecca Kadaga received a delegation of 20 people who were allegedly conned by Dunamiscoins Resources Limited, a fake cryptocurrency company that also acted as a Microfinance company. The money conned is believed to be about Shs2 billion.

The victims are seeking compensation from government, for they said that they believed in the companies because they were allegedly awarded operating licences.

In a meeting with the delegation of victims, Kadaga promised to investigate all the allegations and complaints brought forward against these individuals, and make sure that justice is duly served and criminals apprehended.

Currently, the company’s three accounts in Centenary Bank, Stanbic Bank and GT Bank are frozen by the Financial Intelligence Authority as investigations go on about their operations.

This week on Wednesday, we published a story about understanding cryptocurrency so that you don’t fall victims to these conmen. We hope you can find the time to read though and stay on the safe side of this business.

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