Over 5,000 victims of the alleged cryptocurrency pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund cash misplace
Over 5,000 victims of the alleged cryptocurrency pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund cash misplaced within the rip-off.
Arthur Asiimwe, the chief of the petitioning group who introduced the request to the Parliament’s speaker Rebecca Kadaga, claims that the federal government has licensed the alleged rip-off agency, in accordance with an official announcement by the Parliament of Uganda on Jan. 16.
Dunamiscoins victims should not happy with investigation outcomes
First spotted in early December 2019, Dunamiscoins is allegedly concerned in defrauding over 10,000 individuals, inflicting them losses of round $2.7 million. The obvious rip-off firm reportedly closed its workplaces only a month after opening, stealing cash from its buyers and workers after beforehand promising 40% returns on money investments.
Asiimwe emphasised that the Ugandan authorities should be held accountable for the Dunamiscoins incident:
“Authorities licensed this firm and gave it a go forward to work as a non-deposit taking monetary establishment; it carried out its duties as a micro finance firm. They gave unrealistic bonuses.”
As two Dunamiscoins administrators stood trial in early January, Asiimwe additionally identified that one of many key people behind the rip-off, Susan Awon, has nonetheless remained at giant. The group chief expressed dissatisfaction with the standing of the investigation, arguing that Ugandan authorities ought to take additional steps to arrest the third director and refund the cash.
Studies declare that the Ugandan President endorsed Dunamiscoins
Subsequently, Parliament’s speaker Kadaga promised to have interaction with the accountable state authorities with a purpose to resolve the problem. In response to the official announcement by the Parliament, she stated:
“Because you petitioned the President already, I’ll discuss to him and invite the Minister of Finance, Uganda Micro Finance Regulatory Authority subsequent week so we are able to forge a approach ahead.”
Whereas Dunamiscoins victims apparently accuse their authorities of not taking essential measures to forestall the rip-off, some media studies declare that Uganda’s President Yoweri Museveni endorsed the agency earlier. In response to native information publication The Independent, the victims advised Kadaga that their religion within the firm was pushed by the President’s endorsement alongside fixed media adverts.
In the meantime, Museveni has positively taken a optimistic stance in the direction of each blockchain know-how and cryptocurrencies. Again in 2018, the President met with executives at main international crypto trade Binance to debate the developments within the trade.
Cointelegraph has contacted the President’s representatives for touch upon the alleged endorsement of Dunamiscoins however has not acquired a response at press time. This text can be up to date pending any new info.