Is D9, an Investment Fraud or not? Watch out!!!


Investment Fraud is defined by the Cambridge dictionary as the illegal activity of providing false information to someone so that they will invest in something.

You may or may not have heard of the various schemes promising heaven on earth returns to investors. One of those that has picked my attention in the recent past is D9. Rumored to be registered in Brazil and Hong Kong, it seems to have taken the gullible folks in Uganda by storm. Matters have been worsened by endorsement from men of the robes like Pastor Mark Kigozi of Real Life Church.

In this article, I will not dwell on how D9 works since I have no intention of being their salesman. However, I want to share with you the reader warning signs of an Investment Fraud. I hope by the time you’re done reading, you’ll be in a better position to tell whether D9 is a fraud or not.

Investment frauds are typified by all or some of the following characteristics;

  1. The guarantee of consistently good returns. Business investments are no fairy tale. A business opportunity may offer you wild returns in one year and total losses in another. NO legitimate business in the world will always guarantee you consistently good returns. Even drug dealers make losses occasionally when their consignments are tracked down and confiscated by the authorities.
  2. Unclear investment products or services. If you cannot point a finger at something straight and obvious that generates revenue for the business, just know there is a problem. I recall TelexFree that used to promise people money for simply logging in daily and placing adverts into a web system. The company apparently claimed it made money through the sale of calling cards. Today, the scam founders are facing litigation in the USA as millions bleed as a result of their lost savings.
  3. Unclear company information. A legitimate business usually is very straight up with information pertaining to its history, track record, business operations, tax filings among others. A decent amount of this information tends to be easily accessible on the company website. In the event that you cant readily get such information, step back and think twice.
  4. Pushy sales brokers. Anytime you are confronted by overly aggressive sales brokers who want you to make a decision instantly, let your sixth sense kick in. Why should you not be given an opportunity to go back home, consult or even think through the proposition?
  5. Unexpected phone calls or messages. You might all of a sudden be contacted by a long lost colleague who then urges you to meet up in order to discuss some hot business opportunity. Think twice. I once was sent a message by a young man I had interacted with over 6 months earlier. He insisted that I meet him in a certain office and I duly obliged. Upon reaching, I found a herd of people seated being taken through the motions of how to join a certain pyramid scheme whose name I have forgotten. My stay didn’t last more than ten minutes. Ever since then, I never respond to his calls and messages when he gets in touch.
  6. The promise of high returns in a short period. An investment offer that promises you crazy returns (usually many times above market rates) needs checking. In most cases, compare this offer of returns with the alleged product or service on offer.
  7. Low Risk, No Risk or Guarantee. Once you are presented with an opportunity that has any of these three hallmarks, it helps to open your eyes wider. Like I said earlier, there is NEVER a 100% guarantee in any legitimate business.
  8. The temptation of being part of an exclusive investment organisation. Whenever there is a promise of exclusivity, chances of a fraud scheme being engineered are rife. Even when you may make some money as an early adopter, that will not negate the fact that you are part of a scam whose pack of cards will fall sooner than later.
  9. The investment offer is based overseas. Most scams are usually offered from remote locations. There are countries that are notorious for hosting these scams and Brazil is one of those. They carefully craft their operations to ensure that they evade jurisdictions with serious financial systems to detect fraud. This also allows the founders to eventually walk away scotfree when the pack of cards crumbles (notice I used the term when and not if).
  10. They approach you in form of seminars and sales people representing schemes. Have you been called for a seminar or presentation in a hotel or large office of sorts? Have you been flooded by a team of marketers who promise you only the very best if you part with your hard earned or sometimes borrowed money? Offering guarantees? Insisting that you sign up before the seminar ends? Well …..
  11. They prey on your membership of a certain group. Winning trust is one of the key tactics of fraud promoters. This is the reason they strategically target groupings of people like church membership, sports fraternities, professional bodies etc. It is no wonder that people like Pastor Mark Kigozi are thriving with this D9 arrangement. Having a large fellowship of believers who outrightly believe in every word he mentions (fully convinced that it is the Holy Spirit at work), renders the success rate in such a congregation much higher.
  12. Diverting attention. When an investment scheme focuses more on gifts that success offers eg promoting a high life, good cars, opulence among others then only part of the story is being told.

I firmly believe that if your investment opportunity checks out with at least three of the issues I have shared here, then it’s time to rethink. Seriously!!!

I know poverty or the lack of money is making many of us gullible to the nearest offer of hope to become the next millionaire but do not forget that true wealth comes from working diligently.

King Solomon had the following to say about wealth:

Proverbs 12:11– “Whoever works his land will have plenty of bread, but he who follows worthless pursuits lacks sense.”

We all have land that God has given us. That land comes in the form of skills, talent among others. He wants us to utilise it as opposed to running around like headless chicken looking for the next big thing that someone else is introducing.

Proverbs 21:5- “The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.”

A diligent person is one who works hard, is careful and thorough. Surely, does this scripture rhyme with those get rich quick 100% guarantee schemes? Youmay not be a Bible believer but one thing you cannot deny is the wisdom its scripture offers us.

Finally, DO NOT BE DECEIVED by spiritual leaders, apparently wealthy admirers of yours, family members or anyone that tries to get you into subscribing to something that has all the hallmarks of a scam. Keep that money of yours. It could be put to better use.

I hope I’ve saved someone.

James Wire is a Small Business and Technology Consultant based in Kampala, Uganda.

Follow @wirejames on Twitter

Email lunghabo [at] gmail [dot] com

Additional information got from:

Hon Tumwebaze, Uganda should venture into Outer Space


I am one of the numerous Ugandans who expect little in terms of cutting edge knowledge and proactive initiatives from our distinguished Ministers. A good number of them are viewed as partaking of political rewards as dispensed by the Fountain of Honour.

After being entertained by pedestrian reasoning from the likes of Hon. Anite Evelyn one would be hard pressed to expect anything better from the current lot of ministers. However, I was taken back when I came across a statement that Hon Frank Tumwebaze made in the Parliament of Uganda in response to a query by Hon. Cuthbert Abigaba. I must admit that I’ve had to eat my words and change my attitude abit. I now believe there are some ministers and Members of Parliament worth their salt in Uganda.

The Minister had been tasked to share plans that the Government of Uganda has to tap into the vast opportunity provided by the Upper Air Space. In his response, he made an effort to point out a number of issues that got me and my fellow amateur astronomers excited. While it definitely fell short of many things, we agreed on one thing, it’s a good start and commendable line of thinking.

The use of the term Upper Air Space would literally restrict the kind of information the minister shared, if we are to go by some of the definitions out there. However, I would like to believe that what Hon. Abigaba wanted to know about was basically our plans as a country to tap into the opportunities offered by Outer Space.

The Minister’s full statement is available here in which he points out a number of issues that are being considered both as a nation and Africa as a whole.

According to Wikipedia, Outer space is defined as the near vacuum that exists between celestial bodies. Celestial bodies are natural bodies located outside of the earth’s atmosphere like the Sun, Moon, Jupiter, Mars, the numerous stars and planets that litter the sky etc. Scientists refer to the point of separation between the Earth’s atmosphere and Outer Space as the Karman Line. This is located 100km from the earth’s surface.

Karman-Line

Depiction of the Karman line. Image courtesy of Derekscope

Countries like the USA, Russia, China and India are already trailblazing in the space exploration arena and some people have been left asking why we mind so much about investing money in space exploration when hunger and poverty are still rife in our countries.

Uganda has largely been passive in this endeavour and this can be attributed to the overwhelming need to address survival basics for our citizens as well as a general lack of guidance in this regard. A discussion on outer space should not be restricted to satellites and communication technologies. We need to be looking beyond that. Like the explorers of yester-years who traversed the world by ship searching for distant lands and peoples, the opportunities outer space offers us today are;

  • Better monitoring and management of planet earth. We can be in position to track a lot of aspects about this planet including among others weather. This monitoring will definitely help us better manage the resources at our disposal as well as right the wrongs that have been done over the years.

  • Explore alternative planets/locations for settlement. Have you ever imagined that one day man shall be an interplanetary specie? Just like you have Ugandans living in Uganda and others in the U.K, we cannot rule out a time when we shall have humans living on Mars or dwelling in floating cities in space. Earth as we know it might eventually become hostile hence the need for us to establish alternative locations of abode in the universe where we can set up ourselves afresh in the event of a catastrophe on mother earth. You might for example not be aware that 50Km above the surface of the planet Venus, one finds an atmosphere that is very earth like. This could be one good candidate for a space colony through the use of floating cities.

  • The Solar System that we are a part of is just one of the millions of solar systems in the Milky way Galaxy. The Milky way Galaxy is just one of billions of Galaxies in the universe. Have you ever considered the possibility of other intelligent life forms existing elsewhere in the Universe? Sincerely, do you really believe that God only placed man in this universe? We may have been the only ones he made in His own image but we cannot rule out many other human like beings He created that are not necessarily in his image.

If we are to remain relevant to the future, as a nation we need to stand up and be counted. We have to join the Space agenda as fast as possible. Uganda has entry points that can be utilised to get into this arena if only we took time to educate ourselves more on this subject matter.

Located at the Equator with a big water body in the form of L. Victoria, Uganda is an ideal location for a Spaceport (used to launch rockets to space).

The earth is always continuously spinning on its axis. This spin can act as a boost when launching rockets into space. The experience is similar to someone giving you a push before you dive into the swimming pool. The strength of the push determines how fast you get into the pool. Due to the oval nature or the earth, in the 24 hours it takes for it to spin on its axis, a spot nearer to the North or South Poles moves a shorter distance than one at the equator.

earth_rotation

Earth’s rotation.

An object at the equator in Uganda already has a rotation speed of 1670 Km/h as opposed to one in Norway at about 800Km/h. Since the surface of the earth is travelling faster at the equator, a launch in the same area implies that the rocket takes off at a faster speed and reaches orbit much quicker. This has a lot of implications towards minimising the cost of launches.

The presence of Lake Victoria as a water body is ideal. These water bodies are favoured near launch sites because they tend to offer a good backup of water supply in the event that a fire erupted at the spaceport. Remember rocket launches are basically controlled explosions. Something could go wrong at the launch pad. SpaceX had a pre-launch explosion in September 2016. John Young (American Astronaut) once said, “Anyone who sits on top of the largest hydrogen-oxygen fueled system in the world, knowing they’re going to light the bottom, and doesn’t get a little worried, does not fully understand the situation.”

Uganda being on the Eastern side of the African continent is also another compelling factor. Most space launches (at least for geostationary orbit satellites) tend to take on the easterly direction during launch. With the Indian Ocean not too far, the stages that eject during flight can drop into the ocean.

Today, our Mpoma Satellite Earth Station is largely idle. It could easily be revived and used to track satellites most of which are largely cycling around the equator.

On the Human Resource front, as a country, Uganda has been acknowledged for having a large youthful population. This coupled by the high numbers of technology graduates being churned out of school is another mouth watering opportunity that awaits exploitation. These brains can be put to use in an elaborate space programme.

ISRO, the Indian Space Research Organisation has not engaged in any major inventions but simply utilised already available knowledge in the public domain to make leaps in the Space arena. They have sent probes as far as Mars at a fraction of the cost of NASA to study more about celestial bodies. This is encouraging news and implies that Uganda can easily follow suit.

For starters, Uganda’s Space Agency can count on the massive backlog of satellite launches to make money that would then fund other activities in this regard. A thorough strategic plan is required prior to taking this leap of faith.

Once again, Hon. Tumwebaze, I thank you for the insight you and your team has shown. I believe there are Ugandans out there ready to work with you to turn this Outer Space fantasy into a reality and appease visionary MPs like Hon. Cuthbert Abigaba. Please join the Uganda Astronomers’ WhatsApp group or the Facebook Page for starters so we can engage from both a civil and technical perspective.

“The probability of success is difficult to estimate; but if we never search, the chance of success is zero,” Giuseppe Cocconi and Philip Morrison’s paper ‘Searching for Interstellar Communications’ that was published in September 1959

Let us start NOW!!!

James Wire is a Small Business and Technology Consultant based in Kampala, Uganda

Follow @wirejames on Twitter.

Email lunghabo [at] gmail [dot] com

Other Articles of Interest: