One of the fraud cases last year was one where a one Andrew Kaggwa Kulumba defrauded hundreds of people over Shs10 billion through Global Cryptocurrencies Ltd, a fake cryptocurrency company that was located on Lions Shopping Center along Namirembe Road that promised them massive quick returns on their investment.
Kaggwa and six of his workmates were arrested after a joint operation by ISO and Police, and taken to Luzira prison. He was supposed to appear in Mwanga II Magistrate’s Court in Mengo today but didn’t since the Prisons bus that was supposed to fetch him delayed which prompted Grade One Magistrate Joel Wegoye to adjourn the hearing to Thursday, January 16, 2020.
However, this did not stop people that accuse him of defrauding them of billions from making a show in front court holding placards of with words like, “Government, do you care about us?”, “Kaggwa is athief, please help us,” among others.
Some of the victims say that they had borrowed the money from banks and money lenders and now are buckling under the pressure of paying back the loans and demand President Museveni to intervene to make sure Kaggwa refunds their money.
Although the victims allege that Kaggwa conned them of over Shs10 billion, court has only recorded one case, one where he is alleged to have conned Pastor Ssemakula over Shs200 million.