Gold fraudster Steve Odek alias David Bett was today arraigned at the Milimani Law Courts where he was charged that on diverse dates between February 1, 2024 and August 2, 2024 at Nairobi City County jointly with others not before court conspired to commit a felony namely stealing a sum of 265,200 US Dollars equivalent to approximately Ksh. 38,188,800 from Asianic Ltd by sell 580 kgs of Gold to the said Asianic tiled falsely pretending that you were in a position to fact he knew to be false.
He was arrested by detectives drawn from the Operations Support Unit for scamming a foreign national a staggering USD 256,000 in a fake gold deal that involved over 500kg of fake gold.
Investigations have revealed that the victim entered into two separate gold purchase agreements with the scammer where on February 6th, 2024 he was to purchase 500kg of gold and on March 14th, 2024 another 580kg with each kilogram priced at USD 40,000.
Additionally, the detectives have established that the second contract was signed after the first deal failed where the scammer promised to deliver the gold only after securing certain conditions, including the buyer’s responsibility for jet chartering, payment of taxes and insurance.
Despite these terms, the scammer once more failed to deliver the gold and in an attempt to keep the scam going, he provided 20kg of “gold bars” asalateral, which were stored at MySafe Vault At this point, the victim remained unaware that the was being scammed.
Gold fraudster Steve Odek charged over Ksh 38m fake gold
