CNN Journalist Larry Madowo issues warning on scam targeting unsuspecting Kenyans
CNN Journalist Larry Madowo issues warning on scam targeting unsuspecting Kenyans
CNN International Correspondent Larry Madowo has issued a warning to Kenyans over a fraudulent investment scheme using his name and image to deceive unsuspecting victims.
In an update on Monday, October 20, Madowo distanced himself from a circulating online advert claiming he had endorsed a cryptocurrency platform.
The fake promotion, styled to appear like a news article, falsely suggested that Madowo had introduced a new project that could help people earn up to Ksh200,000 per month.
“This is a scam. Don’t lose your money. I’m not involved with Crypto Adiktos or any other ‘investment’ schemes,” he cautioned in his post.
Earlier in the year, detectives in Kilimani have apprehended two individuals accused of orchestrating a cryptocurrency fraud scheme that saw a Chinese national lose Ksh6.5 million.
In a statement on Friday, February 28, the Directorate of Criminal Investigations (DCI) said the suspects, Benson Macharia and Robinson Okwemo Nyandoro, posed as cryptocurrency exchange experts to swindle their victim.
“Kilimani hawkshaws have nabbed two cunning fraudsters who swindled a Chinese national Ksh6.5 million on February 20, 2025, at Rose Gardens in Kileleshwa.
“The duo, Benson Macharia and Robinson Okwemo Nyandoro masqueraded as cryptocurrency exchange experts, claiming that they were in a position to facilitate a cryptocurrency exchange,” the statement read.
According to the DCI, during the transaction, Nyandoro allegedly made a swift exit with the victim’s cash, escaping through a backdoor with a carrier bag.
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Meanwhile, Macharia remained behind, reassuring the unsuspecting victim that the conversion was underway but delayed due to network issues.
As minutes turned into hours, the reality of the scam set in, prompting the Chinese national to report the incident at Kileleshwa Police Station.
Upon receiving the report, detectives launched investigations, which led to the arrest of Macharia who was arraigned before the Chief Magistrate’s Court in Kibera on February 25, where he pleaded not guilty.
He was released on a Ksh1 million bail with a surety of a similar amount.
Authorities continued their search for Nyandoro, who was later tracked down and arrested at the Hub Karen on February 27.
DCI said upon further interrogation, he led detectives to his residence at KMA Estate, Lang’ata, where Ksh500,000, believed to be part of the stolen cash, was recovered.
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