Alex Baso, a once-prosperous Kenyan family man, is grappling with financial ruin after losing Ksh5.4 million to a dubious investment scheme.

The former security officer shared his ordeal recounting how a trusted acquaintance introduced him to the company.

Initially, the opportunity seemed lucrative, but it turned out to be a devastating mistake.

The allure of quick profits

Baso explained that the company promised impressive returns within a short period, convincing him to invest a significant portion of his savings.

True to their word, the initial payouts were substantial, luring him further into the scheme.

Encouraged by these returns, Baso reinvested all his profits, hoping to multiply his wealth.

However, the illusion of success was short-lived. The company abruptly shut down, taking with it not only his investment but also his financial stability.

“A guy of Somali descent introduced me to that company and said if you invest money, you earn profit.

I invested money, and at first, I was receiving profits, but problems started suddenly, and the company was shut down,” Baso stated.

Ignoring wise counsel

Reflecting on his decisions, Baso admitted that he failed to consult his wife, who had always been his pillar of wisdom in financial matters.

“If I had told my wife, she would have advised me well. She has guided me in many things, and I have avoided trouble because of her advice.

We are trying to follow up on the matter in court, but before a decision is made, you will have already suffered,” Baso said.

Double blow: Losing his job

As if losing his savings wasn’t enough, Baso soon found himself out of work.

The company he worked for downsized its workforce, leaving him without a steady income.

The dual tragedy left his family in a precarious financial position, with no immediate source of funds to sustain their daily needs.

“I am struggling with my wife to ensure our two kids get basic needs. I have not secured any job,” he added.