Raymond Omosa, popularly known as Kenyan Prince, is raising alarm bells over what he claims is a sophisticated forex scam model designed to bleed ordinary traders dry while making the scheme look legitimate on the surface.
In a selfie-style video posted on Thursday, September 24, Omosa broke down the alleged mechanics using a straightforward example involving 1,000 traders, each depositing $5, totalling $5,000 in the pot.
What did Kenyan Prince say about scammers?
According to Omosa, the system is deliberately stacked against regular users from the start.
He claimed that the influencer or “comedian” brought in to demonstrate live trading is secretly configured at a 90% win rate, making it appear as though profits are easy and consistent.
Ordinary traders, however, are allegedly given the reverse: a win rate of just 10%, meaning nine out of every ten people lose their money.
“So, for every thousand traders who are here, 900 lose,” Omosa said, walking viewers through the numbers step by step.
He went further to highlight the lopsided risk-reward ratio.
A trader risking KSh 500 stands to gain just KSh 50 if the trade succeeds, but loses the entire KSh 500 if it fails.
With only 100 out of 1,000 traders making any profit at all, and each walking away with roughly KSh 50, the total gains for the winning side amount to a mere KSh 5,000, while the platform retains the bulk of the deposited funds.
Omosa also pointed out that withdrawal limits form part of the trap.
Users who deposited small amounts like $20 or $30 can only withdraw figures matching their deposits, while the larger balances shown on screen are, as he put it, “just wind” generated by the platform’s developers.
The video struck a nerve and quickly gained traction, drawing sharp responses from viewers.
@eddiemicah:
“Thank you, Raymond Omosa, for exposing Kenyan Prince.”
@_official_wyclife_:
“Betting is better off.”
@zipper_kl:
“The system is rigged.”
@officialbillygraham.ke:
“Reverse psychology.”
@talon_zulu:
“When we tell you to stop using Forex, it is gambling; you cannot hear.”
