The Mara Pyramid scam is eye-opening to a series of Ponzi-style businesses operating in the country. The mega scandal comes within months of another pyramid scheme dubbed Public Likes swindling billions from unsuspecting investors.

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Sources say that Mara had invited Kenyans to invest money through their website with a promise of becoming overnight millionaires.

Mara Pyramid Scam, A successor of Public Likes?

Was Mara a scam? Yes, like most Pyramid schemes, Mara was a time bomb public lie designed to make away with billions at the opportune moment.

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While early investors stand to gain from such Ponzi schemes, later investors often cry foul.

Among those in distress over the sudden closure of Mara is a Kenyan who invested Ksh. 200,000 in the hope of earning Ksh. 1 million in a week.

Sadly, the platform was closed hours to the point of becoming a millionaire. On trying to access his account, the site was no longer accessible.

Public Likes allegedly embezzled at least 2 billion, a figure close to what Mara traders lost on February 5th, 2024.

For the record, scammers often employ clever strategies meant to attract and plant confidence among potential investors.

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Swindling happens at the point when the owners have accumulated a considerable amount from deposits channeled in from new members. It is interesting how a majority of unsuspecting Kenyans keep losing their hard-earned money despite prior warnings from authorities.