They say when the deal is too good, think twice!

In what appears to be a common con trend in the country, hundreds of Kenyans in Nairobi, Machakos, and Kajiado counties are the latest victims of an investment scam after investing over Ksh.300 million in a money lending scheme.

The victims claim that the suspect tricked them into investing millions of dollars that would subsequently be lent to unidentified borrowers at a thirty percent interest rate.

The investment scheme’s mastermind, businesswoman Pascaline Peter, is reportedly being sought by police after going into hiding.

What was initially a good bargain with timely interest payments has devolved into hollow promises and delayed games.

Below are some reactions from some of the investors that were consulted by Citizen TV.

“The first time I started with 100,000 and then another one, and then I didn’t take my interest for a while, and then the next month I took it, I just needed to give it back to her.”

According to the anonymous person, she has been doing the business for a period of 8 months now before things went south.

Another dude confessed that he has taken interests two times only different from what they had agreed.

Below is the video: (Courtesy Citizen Digital)