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Cytonn Investments
kmucheke
#1241 Posted : Wednesday, August 04, 2021 12:38:38 PM
Rank: Member


Joined: 3/16/2019
Posts: 260
[quote=Xymalos]Here are more insights
https://www.youtube.com/watch?v=fxIrNPaZojk[/quote]

Thank you for the video.
paulkimani
#1242 Posted : Sunday, August 08, 2021 8:57:44 AM
Rank: Member


Joined: 1/19/2016
Posts: 193
https://kenyanwallstreet...twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence
BGL
#1243 Posted : Tuesday, August 10, 2021 12:18:20 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,218
paulkimani wrote:
https://kenyanwallstreet.com/cma-stops-cytonn-from-picking-new-clients/amp/?__twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence


Ambia CMA ikupee kazi. Uwache kushinda ukitusumbua hapa na vitendawili za Cytonn. Get a life man! You are the kind of persons Kibaki used to call binadamu ya mavi ya kuku - bure kabisa!
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
sparkly
#1244 Posted : Tuesday, August 10, 2021 12:30:27 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,996
Location: Enk are Nyirobi
paulkimani wrote:
https://kenyanwallstreet.com/cma-stops-cytonn-from-picking-new-clients/amp/?__twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence


What do you gain by slandering men and women who have mobilized investment funds of almost KShs 1B.

What have you done with you life so that we can celebrate you instead of wasting precious energy in hating others efforts?
Life is short. Live passionately.
Rollout
#1245 Posted : Tuesday, August 10, 2021 7:19:33 PM
Rank: Member


Joined: 4/26/2011
Posts: 758
sparkly wrote:
paulkimani wrote:
https://kenyanwallstreet.com/cma-stops-cytonn-from-picking-new-clients/amp/?__twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence


What do you gain by slandering men and women who have mobilized investment funds of almost KShs 1B.

What have you done with you life so that we can celebrate you instead of wasting precious energy in hating others efforts?


Maybe his/her ethics and morals are higher than yours?
Queen
#1246 Posted : Tuesday, August 10, 2021 8:27:42 PM
Rank: Member


Joined: 11/21/2018
Posts: 475
Location: Britain
Tempers flaring..... the collapse done and dusted.
mkenyan
#1247 Posted : Thursday, August 12, 2021 6:43:55 PM
Rank: Veteran


Joined: 4/1/2009
Posts: 1,872
sparkly wrote:
paulkimani wrote:
https://kenyanwallstreet.com/cma-stops-cytonn-from-picking-new-clients/amp/?__twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence


What do you gain by slandering men and women who have mobilized investment funds of almost KShs 1B.

What have you done with you life so that we can celebrate you instead of wasting precious energy in hating others efforts?

talk about attacking the messenger and not the message
Swenani
#1248 Posted : Wednesday, August 18, 2021 5:21:45 PM
Rank: User


Joined: 8/15/2013
Posts: 13,210
Location: Vacuum
Quote:
We all talk about how the banking sector makes a lot of money by giving loans. Did you know you can also invest in Loan Funds and stand to earn between 16% -18% p.a? Join our CEO Edwin H. Dande and Robert Karuiyi on Saturday 21st August 2021 from 9 am as we discuss how to get such returns, the risks, and considerations. Link cytonn.com/onlinetraining
If Obiero did it, Who Am I?
sparkly
#1249 Posted : Wednesday, August 18, 2021 11:02:47 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,996
Location: Enk are Nyirobi
mkenyan wrote:
sparkly wrote:
paulkimani wrote:
https://kenyanwallstreet.com/cma-stops-cytonn-from-picking-new-clients/amp/?__twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence


What do you gain by slandering men and women who have mobilized investment funds of almost KShs 1B.

What have you done with you life so that we can celebrate you instead of wasting precious energy in hating others efforts?

talk about attacking the messenger and not the message


Messenger ako na umama sana.
Life is short. Live passionately.
aemathenge
#1250 Posted : Thursday, August 19, 2021 1:38:00 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,419
Location: Kerugoya
Copy and Paste:

"Someone who can mislead a Parliamentary Committee, just for the sake of targeting specific players, is not Fit and Proper to lead our Capital Markets".
12:47 PM · Aug 19, 2021

Source: https://twitter.com/ehda...tus/1428292483428016128
VituVingiSana
#1251 Posted : Friday, August 20, 2021 4:55:23 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,555
Location: Nairobi
Rollout wrote:
sparkly wrote:
paulkimani wrote:
https://kenyanwallstreet.com/cma-stops-cytonn-from-picking-new-clients/amp/?__twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence


What do you gain by slandering men and women who have mobilized investment funds of almost KShs 1B.

What have you done with you life so that we can celebrate you instead of wasting precious energy in hating others efforts?


Maybe his/her ethics and morals are higher than yours?
Think Silenced Violence is not the answer! Angel
To be fair to Dande... Cytonn sold a great vision. The market has not been kind to many developers and firms.
To be fair to @paulkimani - He has been warning Wazuans for quite a while. This thread is 5+ years old and some cracks were evident early on about the model.

I hope some solution is reached that benefits everyone. Let's not throw out the baby with the bathwater.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#1252 Posted : Friday, August 20, 2021 4:57:28 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,555
Location: Nairobi
mkenyan wrote:
sparkly wrote:
paulkimani wrote:
https://kenyanwallstreet.com/cma-stops-cytonn-from-picking-new-clients/amp/?__twitter_impression=true

“CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients”

“CMA’s Director of Market Operations said short term investors are unable to get their cash back unless new investors come in.” (Aka the definition of a pyramid scheme)

“We have filed a criminal complaint with the Director of Public Prosecutions, accusing Cytonn of:
1. conducting business without a license and;
2. collecting money from the public using false pretence


What do you gain by slandering men and women who have mobilized investment funds of almost KShs 1B.

What have you done with you life so that we can celebrate you instead of wasting precious energy in hating others efforts?

talk about attacking the messenger and not the message
#Truth
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mv_ufanisi
#1253 Posted : Friday, August 20, 2021 6:10:50 AM
Rank: Member


Joined: 1/15/2010
Posts: 613
The guys attacking PaulKimani should declare their conflict of interest. There's a lot of people crying about the money they lost at Cytonn.
PaulKimani has probably saved some Wazuans from being in the same predicament. For this he deserves a lot of kudos.
The guys attacking him are shameless. This is beyond attacking the messenger. It's trying to stifle a whistle blower with the hope that people won't figure out what's going on.
But we've all seen the tears of those hapless Kenyans who put money in Cytonn on TV including a widow who put all the money she got from her husband's insurance into Cytonn and has now fallen into depression.
If your pursuit of money has such an effect on society you deserve to be in prison.
muganda
#1254 Posted : Friday, August 20, 2021 2:25:17 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,877
mv_ufanisi wrote:
The guys attacking PaulKimani should declare their conflict of interest. There's a lot of people crying about the money they lost at Cytonn. PaulKimani has probably saved some Wazuans from being in the same predicament. For this he deserves a lot of kudos.
The guys attacking him are shameless. This is beyond attacking the messenger. It's trying to stifle a whistle blower with the hope that people won't figure out what's going on. But we've all seen the tears of those hapless Kenyans who put money in Cytonn on TV including a widow who put all the money she got from her husband's insurance into Cytonn and now has fell into depression. If you pursuit of money has such an effect on society you deserve to be in prison.



Well I'm with @mv_ufanisi on this one.
Whose money has @paulkimani taken, who has he sued? Where are his videos explaining away why he has your money blaming Covid for everything?

By their fruits you shall tell them, not their background, education, eloquence, or money — by their fruits!

sparkly
#1255 Posted : Saturday, August 21, 2021 2:19:37 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,996
Location: Enk are Nyirobi
mv_ufanisi wrote:
The guys attacking PaulKimani should declare their conflict of interest. There's a lot of people crying about the money they lost at Cytonn.
PaulKimani has probably saved some Wazuans from being in the same predicament. For this he deserves a lot of kudos.
The guys attacking him are shameless. This is beyond attacking the messenger. It's trying to stifle a whistle blower with the hope that people won't figure out what's going on.
But we've all seen the tears of those hapless Kenyans who put money in Cytonn on TV including a widow who put all the money she got from her husband's insurance into Cytonn and has now fallen into depression.
If your pursuit of money has such an effect on society you deserve to be in prison.


Chill out brother. Making money carries the risk of losing money.
Life is short. Live passionately.
mv_ufanisi
#1256 Posted : Saturday, August 21, 2021 10:30:54 AM
Rank: Member


Joined: 1/15/2010
Posts: 613
If you don't speak out against these flagrant abuses of the financial system by smart people with dubious ethics, you further entrench the culture of anything goes as long as you make money in Kenya/Africa. Silence during a time of injustice is one of the worst forms of cowardice.

These Cytonn guys can have made money but I still remember how isolated Evans Kidero once looked at a Muthaiga Country Club function. You drive a Rolls Royce but spend lots of time in court rooms and the press. And you get very socially isolated.

The guys who make money the right way will not give you any respect despite all your money.

There are some things that money can't buy.

And there are some limits to making money.

Don't make money by making innocent Kenyans suffer after hoodwinking them with products that almost seem indistinguishable but carry hidden risks. And some of these people when they lose money get depressed or suicidal - who knows that a Cytonn 'investors' aka 'Cytonnaire' hasn't died as a result of this?

That's why Madoff got life behind bars.
Rollout
#1257 Posted : Monday, August 23, 2021 3:11:40 PM
Rank: Member


Joined: 4/26/2011
Posts: 758
mv_ufanisi wrote:
If you don't speak out against these flagrant abuses of the financial system by smart people with dubious ethics, you further entrench the culture of anything goes as long as you make money in Kenya/Africa. Silence during a time of injustice is one of the worst forms of cowardice.

These Cytonn guys can have made money but I still remember how isolated Evans Kidero once looked at a Muthaiga Country Club function. You drive a Rolls Royce but spend lots of time in court rooms and the press. And you get very socially isolated.

The guys who make money the right way will not give you any respect despite all your money.

There are some things that money can't buy.

And there are some limits to making money.

Don't make money by making innocent Kenyans suffer after hoodwinking them with products that almost seem indistinguishable but carry hidden risks. And some of these people when they lose money get depressed or suicidal - who knows that a Cytonn 'investors' aka 'Cytonnaire' hasn't died as a result of this?

That's why Madoff got life behind bars.


Agree, the fundamentals of a thriving capital, business and financing environment is based on the virtues of trust, credibility and ethics. If we don't speak up when these virtues are violated, overtime, it will make is difficult for others to do business with us. The issues at Cytonn is setting back Kenya for years, it will make it very difficult for investors to trust another entity like Cytonn in future even if that entity is doing it the right way. Kenyans are short sighted.
My 2 cents
#1258 Posted : Monday, August 23, 2021 6:54:10 PM
Rank: Member


Joined: 6/2/2010
Posts: 605
Cytonn was like a religion, I tried to talk a friend out of it 4 years ago and did not make any progress. You have got to understand that those who have already invested need for the scheme to keep going for them to stand a good chance of getting out. Cytonn is only as good as more 'investors' join, if that stops everyone who is already in loses. Thats why the animosity towards paulkimani. He was jeopardising some peoples investment in Cytonn.
aemathenge
#1259 Posted : Monday, August 23, 2021 8:09:50 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,419
Location: Kerugoya
Love him, hate him, the guy is a fighter.

Copy and Paste:

Quote:
To build a community with comprehensive lifestyle amenities – where you are providing, not just shelter, but also open green spaces, elevated children’s playground, a commercial center, a gym, heated swimming pool, day care, etc, you need capital for large scale developments.

This capital is not available in regulated markets; hence we have turned to private markets. That is what we have done at The Alma, a Kshs. 5 billion comprehensive lifestyle development bringing 500 apartments to the market.

The Alma has primarily been financed by private markets, which CMA is attacking.

CMA has already made it hostile for developers to raise funds in the regulated markets.

There isn’t a single residential development I know that has been developed with CMA-regulated funds.

Having failed the President’s housing agenda in the regulated markets, they should not try to introduce their regulatory rigidity into the private markets.

Developments such as The Alma are solving the housing problems we face in Nairobi.

Since moving in in 2019, the residents have never known a dry tap.

We are building a sewer treatment plant, treating waste, and then building a 400m storm water drainage to dispose clean treated water.

You’d think a regulator would at best support or at worst keep off rather than kill a tax base, killing jobs and take us back to unplanned neighborhoods.

The current CEO, Mr. Shamiah, does not seem to understand housing, he ought to pave way for people who can develop policies that are in line with national priorities.


Source: https://edwinhdande.com/...nts-housing-initiative/

As the Lawyers are want to say in Television Court Room Dramas, Your Witness ...
My 2 cents
#1260 Posted : Monday, August 23, 2021 10:05:38 PM
Rank: Member


Joined: 6/2/2010
Posts: 605
The guy has his own website to control the narrative. Too late the bad press has already spread like a nasty STD. No amount of spiel will get this train back on the tracks.
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