Regulator Blacklists Dunamiscoins for Fleecing Ugandans

Comments 490 Views Kampala, Uganda
UMRA Executive Director Edith Tusuubira. File Photo

UMRA Executive Director Edith Tusuubira. File Photo

In short
the company closed its offices abruptly on December 3, without any notice to its clients and potential staff after collecting an estimated USD 2.7 million (close 10 billion Shillings). UMRA records indicate that more than 1,000 customers from around the country were affected by the scam. They had deposited money ranging from one million to 800 million Shillings with the firm.

 

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