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{
    "id": 1079845,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1079845/?format=api",
    "text_counter": 303,
    "type": "speech",
    "speaker_name": "Othaya, JP",
    "speaker_title": "Hon. Gichuki Mugambi",
    "speaker": {
        "id": 13463,
        "legal_name": "James Gichuki Mugambi",
        "slug": "james-gichuki-mugambi-2"
    },
    "content": "If you go online today, they are still advertising. They are still telling Kenyans to take their money to them for high-yields, and yet they have not paid their members for the last two years. That is why we have CMA. Kenyans should have faith in any organisation which is registered and regulated by the CMA. However, this is not the case. You remember the other one that told Kenyans to buy land and they will have their money back in three years. Kenyans invested. We need to strengthen CMA and ensure that it does its job. These kinds of pyramid schemes which are disguised as investment vehicles should be dealt with. The last time I was in my constituency, I met a very young man who made his money by selling hay. He invested his hard-earned cash to the tune of Kshs18 million. He is diabetic and sick. However, he cannot access medical services because his money is tied in some of these pyramid schemes."
}