Cytonn Investments: From Promised Returns to Court Battles | The Untold Story | Business graveyard

[@jkm402]

I’m a Kenyan Investment manager in Newyork.Cytonn’s biggest mistake was lack of a proper Risk Management unit to handle Asset Liability mismatch that would lead to liquidity risk.Unable keep their promise,their Reputation took a hit.Are they a scam?No. Poorly managed? Yes.In most developed countries they would have been wound up by govt.Fantastic video!

[@Ndondiafrika254]

imagine bado unawatetea...aki hii ni changaa gani hawa wasee waliwapea?

[@JudeMarchisio]

Nah, Dande has been deliberately obtuse and outrightly deceptive on several occasions. To say this isn't a scam when everything he's done since 2020 says otherwise is disingenuous and misinformed.

[@KhotsoMolefi]

Your analysis is spot on...

[@babtt1393]

​@@Ndondiafrika254 they are not a scam, the product was poorly managed, there were no risk mitigation measures.

[@sharonnzuki2747]

Never invest on any project that’s being advertised on radio or public figures. Never

[@evansmuthomi1997]

12% and above yields are lunacy!!!!!Great and informative content brother, am recommended your channel to my colleagues..can you also explore various scandals and scams like the Goldenberg,pyramid scam of the 2010s,

[@nicklaus8536]

Your network really benefits students in accountancy, commerce, economics, and business studies, as well as enhancing general business knowledge. Please keep it up.

[@Msapere]

I ALMOST invested with cytonn…that episode of Caroline Motoko’s is the one that made me get even more impressed. Wah!!! I got lucky….this Kenya of ours wueh!

[@robertluvisia]

They use big brands like akina Caroline Mutoko, Maina, Churchill to lure innocent investors in these ponzy schemes including real estate. Only a few people from the first lot make some money.

[@JACKLINETABITHA-l5v]

Mwizi! Mwizi!

[@lusarshameli7057]

when someone promises you 20% returns you need to be very keen on how they intend to make that money.

[@starblacks6329]

per annum or per month?

[@lusarshameli7057]

@@starblacks6329 per annum. Per month ata sijui..unless ni loan shark apps.

[@herbertogaro7270]

Restructuring simply means those short terms will be turned to long term

[@festusmichira2727]

Such a sad story. Due diligence and the reputation of the leader is important. Dande worked in Lehman brothers that caused the 2008 financial crisis. What made people think he is any different from the track record he set.

[@filbao8113]

Alaa

[@EdwardOtieno-e6u]

Same experience I have had with UIP. 12 years in waiting and still counting.

[@ismaelabubakarali]

What happened? I am a young client currently new in mmf would love to know.

[@njokimwakughu8854]

Weeeuh knowing I almost invested with them! Weeh all the hype to be a cyntonnaire..

[@michaelochido3244]

Kenyans should watch the series american greed..this is surely a series from kenyan greed....using current investors cash to pay previous investors while the owners live an opulent life with big bonuses.. Like a house of cards..it will fall in the end

[@robertluvisia]

Well said I loved that series

[@absolutely_chill]

Bro this is an amazing video. Well done. You've definitely done your research. Kudos!

[@shavangadavies6898]

Kazi safi Ian

[@gachuhi]

Dande is an American trained Banker. He learned from the best! I bet he got bonuses for the investment guys put in! Following the American way of doing business :)

[@gracenjuguna7292]

From the best banking crooks you mean?

[@joeyken7791]

Yes he cut his teeth at Lehmann Brothers the investment bank whose collapse led to the 2008 economic meltdown. Read about its CEO Richard Fould who was known as the Gorilla of Wallstreet.

[@gachuhi]

@@gracenjuguna7292 100%

[@lusigijustus7274]

Education does not excuse one when they operate pyramid schemes and other white collar crimes. That dande is a thug,

[@karolilwanga3595]

finally i have been able to understand what cytonn was all about

[@kkmbugua]

Worthwhile! Thank you!

[@marthaauma7503]

I called this thing back ago on Mutiko's video. I knew it sounded too good to be true

[@NjonjoNdehi]

Large developers like Centum and Cytonn get blindsided by thousands of tiny developers that each build a few units with a lot of love and cost control. Tiny developers have no office overheads and most have no loans.

[@Gemsofafrica]

shameless. Unasema nini sasa wewe. Do you even know the meaning of 'blindside'

[@TheAfricanContractor]

Not all Shines is Gold.

[@mathewomolo]

You can't promise consistent returns. They downplayed the gamble

[@sanjeimusicke]

Anything promising you over 13-15% return is high risk

[@deemb5284]

Correct 6-7% over long term

[@geoffreyogaro5727]

kenyans rarely self educate on financial knowledge. At the time of these ponzi schemes, GOK bills were doing 6% . So how does 18% return exists

[@wealthwise247]

Continuous investment on financial literacy in itself is an asset.

[@MultiMetameta]

Please do an expozee on FEP

[@theendnetwork_ke]

Well noted, will come soon

[@florencenjoki4822]

​@@theendnetwork_keyeah that group of companies is one expose I would watch

[@kinuthianjuguna]

You guys are doing a good job

[@victorm6205]

If a company can make good money it doesn't need investors it needs a bank.that way they keep all the profits.

[@irynnek]

Excellent reporting

[@martinowino9899]

I worked for this man 10 years ago, a great orator with a convincing tongue but delivery....

[@hezekiahcharles6754]

There is one thing that you didn't capture.... If the case goes the liquidation way, the secured investors will be paid first ..... which is very unfair. And that is the biggest trap about liquidation that, some of the investors are not seeing..

[@ethgirlc9506]

there is only 1 secured investor SBM bank. The assets well exceed their claim!

[@archipiratta]

​@@ethgirlc9506technically they are a secured creditor, not quite an investor (at least in the ordinary sense) as what they put into the business was likely debt rather than equity.

[@charityndegwa6553]

My problem is Carolyne Murimi.She was also the face of Aberdare spa and lodge/elmer Naivasha. Is she part of the conn?

[@peterwainaina6497]

Cytonn took alot debt from people with no pivot... If I were this guy I could have take the company public...

[@Gled_Vlogs]

Very informative

[@lifewithharry254]

Do for a company called Gold Avenue Africa

[@wealthwise247]

The fine prints. That's where the weight is usually. The T&C

[@richgirl5635]

When I hear a company calling their clients family like names "cytonniaers" sijui " hustlers" ....I am out

[@big_brayo]

This brother has always had a sociopathic vibe😂😂😂

[@tamaduni]

They will take money from the wrong person ...one of this days .....

[@reseso7149]

Cover Brian Gachari greenhouses con scheme

[@Tiffy.Achy3]

He wants to deal with him😮. That aside do your due diligence ,thorough research before entrusting your life savings in any form of investment scheme

[@sjsm8578]

Someni T&Cs Tamaa ya watu ndio inawamaliza

[@archipiratta]

You're just a hater

[@sjsm8578]

@@archipiratta No I'm not. In fact I'm a voice of reason. Always do your due diligence before parting with your money. Unfortunately not much can be done for those who lost money with the Cytonn High Yield Solutions package

[@etobillions]

it's astonishing how greed can make people dumb. how do these investors in the first want cheap and free money for doing nothing.

[@leahmuriu]

Cytonnaire my foot! The crafting of a ponzi scheme!

[@JACKLINETABITHA-l5v]

Akwende!

[@makini6637]

Thank you Jesus. Niliponea chupuchupu.

[@erickjuma7643]

Was cytonn a moneyarket fund or what was it?

[@kennethmwaura9879]

Their mmf is intact

[@wealthwise247]

This was a property investment wing.

[@lawrencemaweu]

The advise in the end is just uum...not good. In Kenya, when you give someone your money, whether as a friend, or in an investment scheme, two things click in their head. First, you have sufficient money to live on so yiu do not need what you gave them. Second, they actually start wishing thet they asked for more. So, invest yourself. Go buy land and plant trees. In 15 years, the value of the land will have increased significantly and you can harvest the trees for more cash. Alternatively, buy land and grow grass, which does not need any management. You can sell that for millions in the future. Either way, keep your money close to yourself.

[@jay-lz6xu]

The risk management was compromised or shear greed.

[@Ndondiafrika254]

ukiskia the word 'maturing' when you are approached to invest your money...ruuun

[@kahugumuiruri9057]

Simple thinking. Where was he to fet them 18% returns for the CHYS?

[@alearn2714]

How safe is their mmf?

[@jacquilinekurgat9017]

If he can sue people for appearing on social media, then your cash is definitely not safe.

[@kennethmwaura9879]

It's safe

[@AK-op1oz]

​@@kennethmwaura9879are you their promoter?

[@triplebeans4159]

It's regulated by CMA hence safe unlike the CHYF.

[@lucyp8993]

That was a ponzi scheme. kenyas invest in chickens/vegetables dont be greedy. tressury bills.is safe

[@geoffreyogaro5727]

This guys life is in danger..

[@tommillia7816]

Am in same Boat but without investor's fund's n without all the English 😂 But I'll get out of it soon

[@petermuhoho3780]

This nowadays looks like the only way out from the rat race😂. Hit me up we see what we can ochestrate.

[@mburulucky9580]

Where is safe

[@Hobby_trails_family]

Be careful with the title. He is known to litigate aggressively. As little as a mention of his name and he books you a court date.

[@ianoduor239]

The content is for informational purposes as highlighted from the beginning

[@africangirl189]

So you don't want him to post things 😂 si he's waiting for final verdict he doesn't seem to be a bad guy though!! Can imagine the pressure he goes through daily hence why he seems cold and heartless....the business was a start up its normal for businesses to go south when starting up ... it's usually 50/50 we blame the investors for being ignorant 😂

[@asiimwedesignagedeux1252]

Was Cytonn meant to be another #eCurrency in the long run?

[@mburulucky9580]

And people are buying there money market funds

[@Latestnews.All_in_One]

The company is probably restructuring and that's y people still believe in it ,,MMF happens to be regulated product...the cards are placed on how the CEO quickly responds to complainers

[@ImmaculateIsaboke]

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