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{
    "id": 315092,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/315092/?format=api",
    "text_counter": 248,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Temporary Deputy Speaker, Sir, I understand that some of the starters of pyramid schemes came from the church. Some of them are prominent Kenyans. The law has been very silent on pyramid schemes. Therefore, the law we are making will deal with that “dragon”. Members of many churches incurred losses. Even the small schemes of church members crumbled. Many families were impoverished by pyramid schemes. There were some people who had gone to banks and acquired loans to buy cows and houses, but all those projects collapsed. It was a terrible experience. To-date, some families are in pain. They are distressed because of pyramid schemes. Some families are not even able to send their children to school. Therefore, once this Bill becomes law, the Government will be mandated to make sure that it carries out faster investigations into this matter, with a view to arresting and prosecuting the perpetrators of this crime in order to restore sanity and decency in this country. I strongly support the clause on recovery of resources and attachment of property because it was not prudent in the first place to allow parasites to benefit from where they never invested. Mr. Temporary Deputy Speaker, Sir, if the prime suspect of this heinous crime in the USA has been jailed for life, why should we imagine that somebody who is holding Kshs7.5 billion belonging to other Kenyans would be jailed for ten years and fined Kshs10 million only? I would propose stiffer penalties on those holding other people’s money. We should enhance the jail term to 20 years and the monetary fine to Kshs20 million. I would also propose that the Government formulates a compensation scheme, so that those who are suffering right now can be supported. The Kenyan society should be encouraged to be hard working, so that we can become prosperous as a result of our sweat; and not to dwell on racketeering or join schemes that deprive Kenyans of their hard earned resources. With those remarks, I beg to support this historic law."
}