Initially targeted at South America and Europe, the D9 Clube Ponzi scheme has since spread to west Africa.

In a move to stem propagation of the scam across Rwanda, the National Bank today banned D9 Club.

According to the National Bank of Rwanda, D9 Clube is

believed to have its origin in South America and has recruited Kenyans.

The D9 Club extending operations in Kenya, Uganda, Tanzania and Zambia is an illegal pyramid scheme in Rwanda thus regarded as scam.

The Bank initially took action on June 8, by direction 17 banks operating within Rwanda to “stop any money transfers to he scheme”.

An investigation has revealed the top Rwandan D9 Clube investor purportedly launders stolen investor funds through Uganda.

Not surprisingly, the Bank conclusion echoes BehindMLM’s own August, 2016,
D9 Clube review
.

D9 Club is believed to be an investment scam camouflaged as a legitimate business opportunity in the form of multi-level marketing programme being used by fraudsters to pitch to unsuspecting investors.

Last month Public Prosecutors in Paraguay announced they were
also investigating
D9 Clube.

Following claims of a business relationship, the well-known betting platform Bet Fair also distanced itself from the company.

🤖 Quick Answer

What is D9 Clube and why was it banned in Rwanda?
D9 Clube is a Ponzi scheme originating in South America that operates as an illegal pyramid scheme. Rwanda's National Bank banned it in response to its fraudulent expansion across Africa, including Kenya, Uganda, Tanzania, and Zambia. The scheme recruits investors through deceptive promises, with investigations revealing money laundering activities through Uganda.

What enforcement actions did Rwanda's National Bank take against D9 Clube?
On June 8, the National Bank of Rwanda issued a directive to 17 banks operating in the country to halt all money transfers to D9 Clube. This preventive measure aimed to stop fund flows to the scheme and prevent further propagation of the Ponzi scam across Rwandan territory.

How does D9 Clube operate as a pyramid scheme?
D9 Clube functions as an

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