Two Businessmen Charged with Defrauding Businesswoman KSh 15 Million in Fake Binance Deal.
Two men were on Tuesday arraigned at the Milimani Law Courts and charged with obtaining KSh 15.36 million from a businesswoman under false pretences in a fraudulent cryptocurrency scheme.
Jackson Apollo Ananda and Alvin Oduya Atieno are accused of defrauding Tuyishime Grace of 116,000 USDT (equivalent to KSh 15,360,000) on April 30, 2025, at Serena Hotel in Nairobi County. The court heard that the two, jointly with others not before court, falsely claimed they could assist the complainant in trading on Binance, a claim they allegedly knew to be untrue.
In addition to the obtaining by false pretences charge, the duo also faces a second count of conspiracy to defraud contrary to Section 317 of the Penal Code.Prosecutors allege that the accused conspired with others to defraud the complainant on the same date and location by misrepresenting their ability to facilitate cryptocurrency trading.
Appearing before Magistrate Caroline Mugo, the accused pleaded for leniency through their lawyer, arguing that they are not a flight risk and are willing to comply with all bond terms set by the court.
The magistrate directed that a pre-bail report be prepared and submitted to the court before any bail determination is made.
The matter will be mentioned on October 9, 2025,for a bail ruling.
