Kenyan Diaspora Falls Prey to Multi-Million Shilling Real Estate Scam

Kenyan Diaspora Targeted in Multi-Million Shilling Real Estate Scam Kenyans living overseas have fallen victim to a sophisticated real estate scam, losing millions of shillings in investments for luxury homes that were never built. The scam, which has been highlighted in a recent online video, involves individuals posing as legitimate real estate agents, promising high-end properties in exchange for substantial upfront payments. The video showcases several properties promised to investors, juxtaposing them with images of incomplete or non-existent structures. "They showed us pictures of beautiful homes, promising a luxurious life," says one victim interviewed in the video (though their name is not disclosed). "We invested our life savings, only to discover it was all a lie." The video names several individuals allegedly involved in the scheme, including Patrick Mosoki, the managing director of Mahiga Homes Limited, and Peter Nyaga, the chief executive officer of the same company. These individuals are accused of taking millions of shillings in deposits without fulfilling their contractual obligations. The video also mentions other companies like Wilton Homes and Certified Homes, suggesting a broader network of fraudulent activity. Authorities are urged to investigate these allegations and bring those responsible to justice. This scam serves as a stark warning to Kenyans in the diaspora to exercise extreme caution when investing in overseas properties, ensuring thorough due diligence and seeking legal counsel before committing to any transaction. The financial and emotional toll on the victims underscores the urgent need for greater protection for vulnerable investors.