Rwanda: BNR Warns of Major Fraud in Popular Pyramid Scheme

Nyarugenge — The National Bank of Rwanda's (BNR) investigations into the business practices of Questnet have revealed that the company is operating a money swindling pyramid scheme and could be involved in money laundering, The New Times has learnt.

In an email sent to The New Times yesterday, the Central Bank said that Questnet is a pyramid scheme, which is collecting money from subscribers in Rwanda and sends it outside to companies called Park King Development and DBS Hong Kong using swift transfer.

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