Business

Gulu Youth lose UGX 55m to Aim Global fraudsters

Alliance in Motion aim global

The Bank of Uganda (BOU) recently warned the public against investing in businesses which sound too good to be true also explaining that such dealings could be Ponzi or pyramid schemes.

A group of youth from Acholi and Karamoja sub-regions have lost 55 Million shillings to Alliance in Motion Global (Aim Global) conmen operating a dubious business franchise in Gulu Town.

The con men defrauded the youth with promises to offer them jobs with Alliance in Motion Global, a Network business franchise based in Gulu town.

The youth from Napak, Kotido, Lira, Dokolo, Oyam, Gulu, Amuru allege that employees of the franchise duped them into buying shares of at shillings 780,000 each.

Clement Lopiyo, a victim from Kotido district says the franchise pledged to provide them computer training before offering them permanent jobs.

Monica Ajwang, another youth from Abim district says she was recruited on February 12th after paying 780,000 shillings to work as a marketer selling cosmetics, medications and other nutrition products.

Ajwang says they were transported to Gulu for training which has never commenced.

The youth are stranded in Gulu town without any jobs. On Wednesday, they stormed Police asking for help to recover their investments with the franchise.

Emmanuel Mafundu, the Gulu district police commander says they arrested two officials of the franchise to help in investigations. He identified them as Paul Mbeyagala and Francis Opio.

Mafundu says the case is being investigated under SD REF 40/6/5/2019 adding that they will be charged for fraud and obtaining money by false pretence.

Maj. Santos Okot Lapolo, the RDC of Gulu says he will compel the franchise to refund all the money lost by the youth after finding documents linking the two suspects with the company. He says the fraud affected 70 youths.

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