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Businessman and owner of a Kenyan football club, Ricardo Badoer, has actually been accused of fleecing more than $140 million from investors by means of his Aidos Kuneen cryptocurrency.

Threats Against Investors

According to a regional report, Kenyan businessman Ricardo Badoer is being accused of defrauding investors by means of his Aidos Kuneen cryptocurrency of more than $140 million.

The claims versus Badoer — the owner of Wazito FC, a football club that plays in Kenya’s leading department — followed declares the Dubai-based businessman was declining to launch possessions coming from investors. Badoer is also accused of utilizing previous General Service Unit law enforcement officer Paul Kaikai to threaten investors.

In addition to the supposed dangers, Badoer is reported to have actually obstructed investors asking about their cash by means of social networks.

“Most of the investors are Japanese. He has actually kept their possessions and obstructs anybody on Twitter or Aidos Market Telegram who inquires about their cash,” a confidential source is priced estimate discussing.

As an outcome of Badoer’s failure to repay investors on time, some in Kenya now hypothesize that the businessman might be doing this in order to stop the collapse of his cryptocurrency job.

Investors Want Central Bank of Kenya to Intervene

Meanwhile, Kahawa Tungu — an online media outlet that declares to be in ownership of secret information worrying Badoer — stated some disappointed investors now desire the reserve bank to step in. The outlet’s report, which depends on the statement of a confidential source, discusses:

The disappointed investors are [now] in the processing of attempting to call the Central Bank of Kenya and Sumac Microfinance Bank where he [Badoer] holds shareholding to raise alarm and potentially get him approved.

Besides stopping working the Aidos Kuneen investors, Badoer is apparently also not able to fulfill other commitments such as paying the wages of Wazito FC gamers and the club’s functional costs.

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