Detectives from the Directorate of Criminal Investigations (DCI) have arrested a 30-year-old man suspected of defrauding numerous individuals under the guise of forex trading.
In a statement by DCI on Tuesday, September 10, the suspect, Daniel Mbugua Njogu, was arrested by detectives from DCI Nairobi Regional Headquarters at his residence in Kimbo area, Nairobi.
"Mr. Njogu, aged 30, is accused of defrauding numerous individuals under the guise of forex trading. His arrest follows an extensive investigation into fraudulent activities that misled and exploited members of the public seeking financial gains through forex investments," DCI stated.
The Directorate also urged victims who may have fallen victim to the suspect's antics to report the incidents to the DCI offices in Nairobi.
"Individuals who may have been deceived by Njogu's actions or who may have lost money are urged to come forward and report their cases at the DCI's Nairobi area offices," DCI remarked.
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The Mohamed Amin-led directorate urged members of the public engaged in forex trading or any other online investment activities to exercise caution.
"As financial fraud remains a significant risk, members of the public are strongly advised to exercise caution when engaging in forex trading or any other online investment activities. It is crucial to verify the legitimacy of brokers and trading platforms before entrusting them with any amount of money," DCI explained.
It further advised the public to be wary of offers that seem too good to be true and ensure that all investments are made through licensed and regulated entities.
