Ricardo Badoer, the businessman and owner of the Kenya Football Club, is accused of plundering more than $140 million from investors through his Aidos Kuneen cryptocurrency.

Threat to investors

According to local reports, Kenyan businessman Ricardo Badoer has been accused of defrauding investors of more than $140 million through his Aidos Kuneen cryptocurrency.

Badoer is the owner of Wazito FC, the football club in Kenya’s top league. He previously claimed that the Dubai businessman refused to release the assets belonging to investors. Badoer was also accused of using former General Services Officer Paul Kekai to threaten investors.

In addition to the so-called threat, Badoer Report Prevent investors from inquiring about their funds through social media.

“Most investors are Japanese. He has withheld their assets and blocked anyone asking about their funds on Twitter or Aidos Market Telegram,” explained an anonymous source.

As Badoer failed to repay investors on time, some people in Kenya now speculate that the businessman might have done so to prevent the collapse of his cryptocurrency project.

Investors want the Central Bank of Kenya to intervene

At the same time, Kahawa Tungu-an online media that claims to have confidential information about Badr-said that some frustrated investors now want the central bank to intervene. The exit report relied on the testimony of an anonymous source, explaining:

The frustrated investor is [now] In the process of trying to contact the Central Bank of Kenya and Sumac Microfinance Bank, he was there [Badoer] Holding equity to arouse vigilance and may subject him to sanctions.

According to reports, in addition to failing Aidos Kuneen’s investors, Badoer was unable to fulfill other obligations, such as paying Wazito FC players’ salaries and club operating expenses.

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Terence Zinwara

Terence Zimwara is an award-winning journalist, writer and writer from Zimbabwe. He has written a lot of articles about the economic difficulties of some African countries and how digital currencies can provide a way out for Africans.