We can exclusively reveal that LK Grass international top honcho Godfrey Kayiwa, is one of the directors of the new ‘Real Crypto’ company that deals in digital currencies aka bit coins.
Kayiwa until recently was trading in the same with his colleagues like Kramagi Mello and Katookwa Alexander, under the ‘Fintegri crypto’ franchise but clandestinely, fell out with them and thus set up his own ‘Real Crypto’ brand.
We are told that ‘Real Crypto’ charges its ‘investors’ between 700k- 60m and that they are promised daily dividends from the range of 200 US Dollars.
Analysts say that Kayiwa has schemed into the Matrix business to make a quick back contrary to the multi-level marketing business strategies.
It was reported a few months back that Top Bosses of Troubled LK Grass International Started dealing in Crypto currencies to Cover Huge Loses With offices located on the 3rd floor of the Kampala Boulevard building opened up dealing in the currency a few days ago, following losses incurred by the company in a range of close to half a billion shillings for the month of June.
According to our insider source, the top bosses who were behind the move then included; Godfrey Kayiwa , Karamagi Mello and one Angllo.
A crypto currency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Crypto currency is a kind of digital currency, virtual currency or alternative currency.
Crypto currencies use decentralized control, as opposed to centralized electronic money and central banking systems. The decentralized control of each crypto currency works through distributed ledger technology, typically a block chain that serves as a public financial transaction database.
Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized crypto currency. Since then, over 4,000 altcoin (alternative coin) variants of bitcoin have been created.
GBL, a Chinese bitcoin trading platform, suddenly shut down on October 26, 2013. Subscribers, unable to log in, lost up to $5 million worth of bitcoin.
In February 2014, the world’s largest bitcoin exchange, Mt. Gox, declaring bankruptcy.
The company stated that it had lost nearly $473 million of their customers’ bitcoins likely due to theft. It should be noted that LK Grass International’s senior Director one Lee William, was later forced out office, and following a meeting between him and his two co-directors over what they claim is lack freedom to operate with his immediate residence supervision.
It was alleged that Lee who has a 90% stake in the company, was cornered into submission by his fellow directors; Patrick Musinguzi and Godfrey Kayiwa.
LK Grass international was earlier last month raided by a combined force of officers from KCCA, URA and the police.
The raid followed a pre emptied one where the bosses got a tip off that the National Drug Authority (NDA) was to raid their premises over the selling of Micro 2 and Man Power, Leading pharmaceutical dealers BF Suma and LK Grass, emptied their selves of the two high ending products. It is said that Kayiwa’s ‘Real Crypto’ venture prospects have forced many people to sell their property and by into his pyramid project.