A fake Bitcoin deal has left a man helpless before several and severe charges in a Nairobi court. This is after he allegedly swindled an accountant out of 375,000 Keyan Shilling (KES). The accused, Patrick Kamau, allegedly committed the crime between December 2018 and May 2019.
Patrick Kamau Vs Benjamin Mugoya: What actually went wrong?
Everything went well apart from a Bitcoin investment deal that went sour thereby leading Patrick Kamau to the court of judgement. It is said that Patrick promised to open a Forex trading account to the complainant as well as facilitating investment in forex bitcoin through BNB Forex. The accountant in the person of Benjamin Mugoya entered into this deal with the hope of making significant crypto trading profits after a friend introduced him to Kamau. The accused posed as a sales representative for BNB Forex in Kenya. This reassured Benjamin Mugoya and boosted him to move further in transacting with the current accused.
In order to open the Forex Trading account, Kamau asked Mugoya to wire KES400,000 to his bank account. Unfortunately, after receiving a total payment of KES375,000 on May 22, Kamau immediately switched off his phone. In addition to this recent payment, Mugoya had previously sent Kamau a sum of KES50,000 in two instalments in December 2018 and January 2019.
Note that this is not the first Bitcoin-related case that has been heard in a Nairobi court. Back in 2017, 3 Bitcoin traders were charged with allegedly stealing KES10.2 Million from I&M Bank and Mpesa. The case involved a purchase of Bitcoin from the traders with stolen money. The case against Kamau has been scheduled for 22 February 2020. As of the time of writing, the accused is said to have been released on a cash bail of KES150,000 or a bond of KES200,000. Having this in mind, you should take precautions when it comes to trading digital assets. Failing to do this will lead you into the hands of scammers.