D9 Sports denies link to pyramid schemes

Business Daily Kenya:  D9 Sports Trading Academy Club has refuted media reports linking its business model to a pyramid scheme. The Brazili...

Business Daily Kenya: 

Business pyramid. Photo/Courtesy.

D9 Sports Trading Academy Club has refuted media reports linking its business model to a pyramid scheme. The Brazilian company’s lead consultant Micheal Kimani accused competitors in the financial sector and other multi-level marketing firms for associating it with fraud activities.

“Our business in the country is legitimate and we have received reports that our competitors especially those in the financial sector and some multi-level marketing companies have resorted to maligning our business,” he said.

Kimani urged the club affiliates to ignore the reports and continue trading with the organisation, adding that the company remains steadfast to its mission which is to train the best professional traders in sport events.

“Our core business in the country and all over the world is buying and selling sport events in an exercise quite similar to our stock exchange,”added the consultant.

In the report, D9 also known as D9 Clube and described as a sports trading agent, has been asking Kenyan “investors” to put in as much as Sh200,000 on top of Sh5,500 to activate an account.

The organisation has daily sessions, mostly during the lunch break between 1 pm and 2 pm at Pioneer House in Nairobi’s central business district, where potential “investors” are not only shown how the programme works but are encouraged to bring on board as many people as possible.

The post D9 Sports denies link to pyramid schemes appeared first on Mediamax Network Limited.

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