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Forum => Kenya Discussion => Topic started by: vooke on November 09, 2021, 02:11:21 PM

Title: Centum Scam
Post by: vooke on November 09, 2021, 02:11:21 PM
https://www.cnyakundi.com/how-james-mworia-has-been-destroying-centum-investment-company/amp/

It will go down sooner than later
Title: Re: Centum Scam
Post by: RV Pundit on November 09, 2021, 02:32:08 PM
Holy cow...I just made deposit of 3m for house there...few month ago.
Title: Re: Centum Scam
Post by: Kadudu on November 09, 2021, 06:50:24 PM
Centum could be Uhuru's Transcentury. These entities come and go with regime change.
Title: Re: Centum Scam
Post by: gout on November 10, 2021, 10:26:13 AM
Mworia needs to learn how to wash the cash so that he does not end up like Dande.
Title: Re: Centum Scam
Post by: RV Pundit on November 10, 2021, 10:33:13 AM
This shiet is scarying me; I hope they dont go down with my money.
Title: Re: Centum Scam
Post by: vooke on November 14, 2021, 04:26:34 PM
This shiet is scarying me; I hope they dont go down with my money.

I think you should pull out at the earliest
Title: Re: Centum Scam
Post by: RV Pundit on November 14, 2021, 06:56:50 PM
You're serious vooke? I bought into mzizi..they keep pushing ground breaking date...yet when I was choosing the unit they were all nearly gone.Unsacco bought two complete 15 floor
Title: Re: Centum Scam
Post by: vooke on November 14, 2021, 07:59:15 PM
You're serious vooke? I bought into mzizi..they keep pushing ground breaking date...yet when I was choosing the unit they were all nearly gone.Unsacco bought two complete 15 floor

I have never been comfortable around Centum, and then came along this leak which sort of confirms my skepticism.

I don't think it will unravel right away but I say it is built on sand and soon someone will lose their shirt.

if your unit is complete or near complete then you're safe

Think of Fourways. Nice concept, excellent landscaping but some late investors lost or bought poorly done units, especially the apartments.

What you may wish to do is to scrutinise everything they feed you.

these off plan manners tend to disappoint more often than not

Regarding UNSACCO jog your memory to Mwalimu SACCO and Equatorial Bank aka Spire. there's so much influence peddling at SACCOs, very easy to grease hands and herd them into bogus deals. See decision making in SACCOs is really in the hands of the very few officials who never always act in members' interest.
Title: Re: Centum Scam
Post by: RV Pundit on November 14, 2021, 08:46:26 PM
I think they said they can refund minus 10 percent
Title: Re: Centum Scam
Post by: RV Heavy Hitter! on November 14, 2021, 09:56:10 PM
After a 1.3 billion conservative loss, someone has to take the bullet. Apparently, the loss is distributed all the way down to the bottom guy getting stiffed the most.
https://allafrica.com/stories/202107270714.html
Title: Re: Centum Scam
Post by: patel on November 15, 2021, 06:38:32 AM

Cmon man thats only 30K. Risk vs reward? You can risk that..else invest in 'ngara section 8'. I wonder how long it will take kwinyans to run those slum scrappers down.
Holy cow...I just made deposit of 3m for house there...few month ago.
Title: Re: Centum Scam
Post by: gout on November 15, 2021, 01:19:34 PM
The problem also seem the auditing companies independence has been totally compromised. Given the auditors are friends/classmates of the managers in these companies.