Alledged gold Scammer Elvis Muga Ouma
Businessman Elvis Muga Ouma’s gold fraud tactics have hit the wall after the Directorate of Criminal Investigations revealed that he has been arrested alongside others in connection to a multi-million-dollar gold fraud syndicate.
The DCI on its X account said that Muga has been using tricks to defraud genuine investors of their money in fake gold scandals.
“We today arrested Elvis Muga Ouma and four others in Kenya’s capital, Nairobi, for defrauding an investor of gold worth 100,000 USD. “He is among a notorious group of fraudsters who have been terrorizing investors,” it said on X.
This revelations now makes Mr. Elvis Ouma Muga as one of the many dangerous alleged fraudsters that investors needs to know of.
He was arrested alongside Susan Wanjeri Kori, Nazlin Karim, and Hubbard Kanyago. The DCI says that the accused persons were jointly charged on December 11, 2024, with several counts of conspiracy to defraud, contrary to section 313 of the Penal Code.
Documents in our custody, which also add to the DCI’s details, show that they conspired to defraud a Niger national of the said amount after they pretended that they were customs officials based in the capital, Nairobi.
Details show that the victim’s company is in Dubai and is said to have lost USD 5,000,000 between February 2024 and December.
The money is said to have been meant for the purchase, clearance, and transportation of 100 kg of gold to Dubai from Mali.
Elvis Muga Ouma and his compatriot were arrested after a joint operation was contacted from across the country by the DCI detectives.
They were arraigned in court, charged with the offense, and released on bond.
More updates to follow…
