Courts

University Students In Court Over Ksh 15 Million Cryptocurrency Scam

Two University of Nairobi students have been charged with orchestrating a high-value cryptocurrency scam involving over Ksh. 15 million in a case that has raised alarm about student involvement in sophisticated financial crimes.

Jesus Godoua Imedil and Judith Mbatha Nzioka, both appearing at the Milimani Law Courts on May 26, 2025, face two serious charges under Kenya’s Penal Code, including conspiracy to defraud and obtaining money by false pretenses.

The duo allegedly defrauded a foreign national, Tuyishime Grace, of 116,000 USDT (an equivalent of Ksh. 15,360,000) on April 30, 2025, under the pretense of assisting her with cryptocurrency trading on the Binance platform.

The prosecution states that the fraudulent activity took place at the upscale Serena Hotel in Nairobi, where the accused reportedly convinced the victim they were seasoned crypto traders. 

Using false claims and deceptive digital maneuvers, they allegedly manipulated the victim into transferring a substantial amount in USDT, a widely used stablecoin pegged to the U.S. dollar.

The court heard that the accused falsely portrayed themselves as intermediaries or facilitators within the Binance ecosystem, taking advantage of the victim’s limited familiarity with the platform.

In Count I, the students are charged with conspiracy to defraud, contrary to Section 317 of the Penal Code, while Count II pertains to obtaining money by false pretenses, under Section 313.

The charges reflect the growing concern over cryptocurrency-related frauds that blend high-tech trickery with old-fashioned deceit.

Both suspects were arrested on April 30, 2025, the same day the alleged offense occurred. They remained in custody until their court appearance on May 26.

The Senior Magistrate handling the case ordered that each accused be released on a Ksh. 3 million bond or a Ksh. 1.5 million cash bail. 

A pre-trial hearing is scheduled for June 11, 2025, with the matter set to continue on July 21, 2025.

Both accused students remain innocent until proven guilty under Kenyan law. The court proceedings are expected to continue in earnest as evidence is laid bare in the coming months.


There's no story that cannot be told. We cover the stories that others don't want to be told, we bring you all the news you need. If you have tips, exposes or any story you need to be told bluntly and all queries write to us [email protected] also find us on Telegram

Related posts

Court allows man to divorce wife he met on Facebook for being lesbian and denying him conjugal rights

nairobi-exposed

Oscar Sudi Dropped Out In Class 7, His Former Maths Teacher Revealed In Court

nairobi-exposed

Blow To Wanjigi As Court Of Appeal Suspends Sentencing Of DCI Boss Kinoti To Kamiti Prison

nairobi-exposed

Businessman Jailed For One Year For Sh13 Million Tax Evasion

nairobi-exposed

How Moses Kuria Plots To Defeat Raila’s Petition

nairobi-exposed

Two Charged In Karen’s Multibillion Land Scam

nairobi-exposed

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More