Just like Live Auction, another infamous pyramid scheme called RichKash has today allegedly lost a lot of Kenyans a lot of money.
If anything on social media is to go by the app was promising Kenyans a big return on investment in no time, but just like others before them, RichKash is a SCAM.
The schemes prowl the anarchic cyber-world, siphoning thousands in shillings from gullible young and idle Kenyans with the promise of easy cash at a time when ‘Working from home’ is the trend.
According to what I have gathered this is how Richkash worked, you join free and get free 200 after joining. You can then grab one order a day while at level 1 and earn Sh 20. Users can, however, upgrade to level 2 and earn Sh122 a day just by doing simple tasks grabbing orders for merchants, and of course the referral program.
I did not understand what orders people were grabbing or how the money was being generated. Try not to makes no sense of it all it actually doesn’t.
Here’s a few social media users lamenting about being scammed:
Dear Kenyans be aware of this Thing Richkash. They have conned poor Kenyans some good Cash. Never make any deposit to Richkash app. @DCI_Kenya @FredMatiangi #StopBlackmailingMtKenya #YouDeserveTheTruth
Kenyans— KEnYæñSpY🇰🇪 (@nelko_josphat) April 12, 2021
The mega Scam #KOT RichKAsh where comrade's Helb went💔💔 pic.twitter.com/CgZMmWFqbR
— M3talBrain™🇰🇪 (@EKimoroso) April 12, 2021
Yaani Richkash wameamua kututoka😹😹😂💔SAD
— Brian Toby 🇰🇪✨ (@briantobyke) April 12, 2021
DCI ,A company by the name Richkash imetuibia pesa mingi sana
— Malema Robinson (@MalemaRobinson) April 12, 2021
