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
6 күн бұрын
imagine bado unawatetea...aki hii ni changaa gani hawa wasee waliwapea?
@JudeMarchisio
Күн бұрын
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.
@JACKLINETABITHA-l5v
11 күн бұрын
Mwizi! Mwizi!
@Msapere
17 күн бұрын
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
5 күн бұрын
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.
@lusarshameli7057
12 күн бұрын
when someone promises you 20% returns you need to be very keen on how they intend to make that money.
@EdwardOtieno-e6u
3 күн бұрын
Same experience I have had with UIP. 12 years in waiting and still counting.
@kkmbugua
4 күн бұрын
Worthwhile! Thank you!
@absolutely_chill
18 күн бұрын
Bro this is an amazing video. Well done. You've definitely done your research. Kudos!
@michaelochido3244
10 күн бұрын
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
5 күн бұрын
Well said I loved that series
@evansmuthomi1997
18 күн бұрын
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,
@gachuhi
16 күн бұрын
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
14 күн бұрын
From the best banking crooks you mean?
@joeyken7791
14 күн бұрын
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
13 күн бұрын
@@gracenjuguna7292 100%
@lusigijustus7274
12 күн бұрын
Education does not excuse one when they operate pyramid schemes and other white collar crimes. That dande is a thug,
@karolilwanga3595
16 күн бұрын
finally i have been able to understand what cytonn was all about
@festusmichira2727
18 күн бұрын
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
13 күн бұрын
Alaa
@marthaauma7503
14 күн бұрын
I called this thing back ago on Mutiko's video. I knew it sounded too good to be true
@herbertogaro7270
17 күн бұрын
Restructuring simply means those short terms will be turned to long term
@TheAfricanContractor
16 күн бұрын
Not all Shines is Gold.
@njokimwakughu8854
11 күн бұрын
Weeeuh knowing I almost invested with them! Weeh all the hype to be a cyntonnaire..
@kinuthianjuguna
18 күн бұрын
You guys are doing a good job
@NjonjoNdehi
16 күн бұрын
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
13 күн бұрын
shameless. Unasema nini sasa wewe. Do you even know the meaning of 'blindside'
@sjsm8578
18 күн бұрын
Someni T&Cs Tamaa ya watu ndio inawamaliza
@archipiratta
13 күн бұрын
You're just a hater
@sjsm8578
13 күн бұрын
@@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
@irynnek
17 күн бұрын
Excellent reporting
@MultiMetameta
16 күн бұрын
Please do an expozee on FEP
@theendnetwork_ke
15 күн бұрын
Well noted, will come soon
@florencenjoki4822
10 күн бұрын
@@theendnetwork_keyeah that group of companies is one expose I would watch
@Gled_Vlogs
19 күн бұрын
Very informative
@wealthwise247
16 күн бұрын
The fine prints. That's the weight is usually. The T&C
@mathewomolo
18 күн бұрын
You can't promise consistent returns. They downplayed the gamble
@hezekiahcharles6754
18 күн бұрын
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
18 күн бұрын
there is only 1 secured investor SBM bank. The assets well exceed their claim!
@archipiratta
13 күн бұрын
@@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.
@victorm6205
19 күн бұрын
If a company can make good money it doesn't need investors it needs a bank.that way they keep all the profits.
@sanjeimusicke
18 күн бұрын
Anything promising you over 13-15% return is high risk
@deemb5284
18 күн бұрын
Correct 6-7% over long term
@geoffreyogaro5727
17 күн бұрын
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
17 күн бұрын
Continuous investment on financial literacy in itself is an asset.
@sharonnzuki2747
9 сағат бұрын
Never invest on any project that’s being advertised on radio or public figures. Never
@peterwainaina6497
7 күн бұрын
Cytonn took alot debt from people with no pivot... If I were this guy I could have take the company public...
@reseso7149
17 күн бұрын
Cover Brian Gachari greenhouses con scheme
@etobillions
17 күн бұрын
it's astonishing how greed can make people dumb. how do these investors in the first want cheap and free money for doing nothing.
@tamaduni
10 күн бұрын
They will take money from the wrong person ...one of this days .....
@leahmuriu
11 күн бұрын
Cytonnaire my foot! The crafting of a ponzi scheme!
@JACKLINETABITHA-l5v
11 күн бұрын
Akwende!
@erickjuma7643
18 күн бұрын
Was cytonn a moneyarket fund or what was it?
@kennethmwaura9879
18 күн бұрын
Their mmf is intact
@wealthwise247
17 күн бұрын
This was a property investment wing.
@mburulucky9580
18 сағат бұрын
Where is safe
@Hobby_trails_family
15 күн бұрын
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
14 күн бұрын
The content is for informational purposes as highlighted from the beginning
@tommillia7816
12 күн бұрын
Am in same Boat but without investor's fund's n without all the English 😂 But I'll get out of it soon
@kahugumuiruri9057
17 күн бұрын
Simple thinking. Where was he to fet them 18% returns for the CHYS?
@Ndondiafrika254
6 күн бұрын
ukiskia the word 'maturing' when you are approached to invest your money...ruuun
@mburulucky9580
18 сағат бұрын
And people are buying there money market funds
@lucyp8993
8 күн бұрын
That was a ponzi scheme. kenyas invest in chickens/vegetables dont be greedy. tressury bills.is safe
@alearn2714
18 күн бұрын
How safe is their mmf?
@jacquilinekurgat9017
18 күн бұрын
If he can sue people for appearing on social media, then your cash is definitely not safe.
@kennethmwaura9879
18 күн бұрын
It's safe
@AK-op1oz
11 күн бұрын
@@kennethmwaura9879are you their promoter?
@triplebeans4159
7 күн бұрын
It's regulated by CMA hence safe unlike the CHYF.
@geoffreyogaro5727
17 күн бұрын
This guys life is in danger..
@asiimwedesignagedeux1252
7 күн бұрын
Was Cytonn meant to be another #eCurrency in the long run?
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