Two businessmen have been charged at the Milimani Law Courts with defrauding a businesswoman over KSh15 million in a fake cryptocurrency trading scheme.
Jackson Apollo Ananda and Alvin Oduya Atieno were accused of obtaining 116,000 USDT equivalent to KSh15.36 million from Tuyishime Grace on April 30, 2025, at Serena Hotel in Nairobi, by falsely claiming they could help her trade on the Binance platform. Prosecutors told the court that the two men, jointly with others still at large, misrepresented themselves as cryptocurrency traders capable of facilitating profitable transactions, knowing the claims were false.
The duo also faces a second charge of conspiracy to defraud, contrary to Section 317 of the Penal Code, for allegedly colluding to obtain the funds through deception.
Appearing before Senior Principal Magistrate Caroline Mugo, the accused, through their lawyer, pleaded for leniency and requested the court to grant them bond, assuring they were not flight risks and would comply with all court conditions.
Magistrate Mugo ordered a pre-bail assessment report to be filed before the court makes a determination on their bond application. The matter is set for mention on October 9, 2025, for a bail ruling.
