Over 5,000 victims of the alleged cryptocurrency pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam.
Arthur Asiimwe, the leader of the petitioning group who presented the request to the Parliament's speaker Rebecca Kadaga, claims that the government has licensed the alleged scam firm, according to an official announcement by the Parliament of Uganda on Jan. 16.Dunamiscoins victims are not satisfied with investigation results.
First spotted in early December 2019, Dunamiscoins is allegedly involved in defrauding over 10,000 people, causing them losses of around $2.7 million.
The apparent scam company reportedly closed its offices just a month after opening, stealing money from its investors and employees after previously promising 40% returns on cash investments.
As two Dunamiscoins directors stood trial in early January, Asiimwe also pointed out that one of the key individuals behind the scam, Susan Awon, has still remained at large.
Reports claim that the Ugandan President endorsed Dunamiscoins.
"Since you petitioned the President already, I will talk to him and invite the Minister of Finance, Uganda Micro Finance Regulatory Authority next week so we can forge a way forward."
While Dunamiscoins victims apparently accuse their government of not taking necessary measures to prevent the scam, some media reports claim that Uganda's President Yoweri Museveni endorsed the firm earlier.
According to local news publication The Independent, the victims told Kadaga that their faith in the company was driven by the President's endorsement alongside constant media adverts.
Cointelegraph has contacted the President's representatives for comment on the alleged endorsement of Dunamiscoins but has not received a response at press time.
Ugandan Victims of Dunamiscoins Scam Petition Gov't for Lost Investments
Publicado en Jan 17, 2020
by Cointele | Publicado en Coinage
YFI, Aave, Maker surge up to 30% overnight, what's fueling the DeFi recovery?
Two factors primarily triggered the resurgence of DeFi in the last 24 hours.
Thirst Traps Explode on NFT Platforms, With Predictably Controversial Results
Blockade Games co-founder Marguerite deCourcelle, who sold more than $160,000 worth of NFTs before the NFT craze really kicked off in August 2020, launched a cypherpunk self-portrait NFT in early September and said she intends to explore more "Personal tokens" over the next year.
Prospective Node Operators Stake $125M in ETH to Participate in NuCypher Encryption Network
Sep 30, 2020 at 22:00 UTCUpdated Oct 1, 2020 at 14:28 UTC.Encryption startup NuCypher has finished distributing its network's native token, NU, to over 2,000 prospective node operators who staked more than $125 million worth of ether during the month of September.
MakerDAO Adds Chainlink, Compound, Loopring as Collateral Options
Sep 30, 2020 at 22:22 UTCUpdated Oct 1, 2020 at 14:06 UTC.The MakerDAO community has voted to add support for a trio of new tokens for the decentralized finance loans that generate DAI stablecoins.