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{
    "id": 315060,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/315060/?format=api",
    "text_counter": 216,
    "type": "speech",
    "speaker_name": "Dr. Khalwale",
    "speaker_title": "",
    "speaker": {
        "id": 170,
        "legal_name": "Bonny Khalwale",
        "slug": "bonny-khalwale"
    },
    "content": "Madam Temporary Deputy Speaker, I wanted to conclude by telling this House that the CID has refused to move on these people. For those of us who keep up with the current affairs outside this country, you remember that such a scam took place in the United States of America and a gentleman called Murdoch, a multi- billionaire, was jailed for life. Other governments of the modern world rise to the plight of their citizens and our country refuses to rise to the plight of her citizens simply because they are trying to protect a few people. This is something that this Parliament endeavors at all times to bring to an end. Allow me to just highlight a few points in the law. In Clause 3, this Bill attempts to define what a pyramid scheme is. Madam Temporary Deputy Speaker, in Clause 4, it attempts to put into law matters to be considered when a court of law is sitting to make a deliberation on somebody who has been charged under this particular statute. In Clause 5, Madam Temporary Deputy Speaker, we are trying to define the kind of offence in terms of the kind of punishment that you would met out to these people. We are providing that a person who knowingly promotes a pyramid scheme should know that he commits an offence and a person so commits the offence if he participates in a pyramid scheme, knows or reasonably ought to know that any benefit that person may get from participating in the scheme would be entirely or substantially derived from the introduction to the scheme of a new participant. Madam Temporary Deputy Speaker, we are also saying that a person who induces or attempts to induce a person to participate in a scheme commits an offence; and that a person who commits an offence under sections (i) and (ii) of Clause 5 is liable to a conviction or a fine not exceeding Kshs10 million or to imprisonment for a term not exceeding ten years or both. We have also in Clause 6 gone out of our way to ensure that if an offence under this Bill is committed by a body corporate or by a person as a member of an incorporated body and it is proved that the offence has been committed with the consent or connivance"
}