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Fountain Enterprises Programme - FEP
enyands
#221 Posted : Thursday, October 06, 2016 9:21:46 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,206
Location: kenya
heri wrote:
enyands wrote:
obiero wrote:
Forester wrote:
kimanimsc wrote:
COPIED
Breaking news posted as received .
News just in John Kithaka fired from Fep CEO to just an ordinary board member after blunder's involving Billion's of shilling's spent under questionable transactions. Mr Morris Korir takes office with immediate effect as of Monday last week. Kithaka came with a tag of a staunch Christian and has left FEP in shambles.

https://www.facebook.com..._ref=SEARCH&fref=nf

COPIED.
https://www.facebook.com..._ref=SEARCH&fref=nf

1)We talked about losses in June 2015 before they were declared in Sept 27 AGM
2) We talked about money being stolen in the 8 page 17 points addendum and the board has just fired Kithaka for the same misappropriations and questionable transactions
3)We talked about issues in Investor database and share certificates and CBK used same grounds to deny the DTMF license in March 2016
4)We talked about board being compromised and questions came up about Mwongeras capabilities and Bishop Kariukis personality.
5)We talked about FEP investments being redirected to TAI and SOFIC and now the two leaders Kithaka and Karuu have exited leaving behind the whereabouts of the monies and shares transfered from FEP
6) We talked about pertinent issues and FEP gagged OKOA only for other interested members to come up and publish the truth.
7) Mwongera lied in AGM speech that legal action had been taken against the thieves who stole but no court cases are on record for the same taking place or the action ever being initiated.
FEP has been exposed and its time they declared what steps they are taking to recover the money from Kithaka, Wachira and their companies Archlink international and Kyoto Construction.


Sad Sad Pray Pray @BGL, hope you managed to run for the hills. If not, pole sana kwa masaibu.

Poleni wanahisa wa FEP


Laughing out loudly Laughing out loudly I'm laughing because I know the truth of all these allegations.i still stick to my guns .....people will be surprised soon ..



Please tell us before we commit suicide, are we going to lose our investment?


How come this dog that people keep on kicking doesn't die like other pyramid schemes.? Fear not.I used to feel same as you do but patience will pay one day.lets talk 2020.that's all I can say
murchr
#222 Posted : Thursday, October 06, 2016 10:36:33 PM
Rank: Elder


Joined: 2/26/2012
Posts: 10,330
Fountain Enterprise Programme (FEP) Group has promoted chief operating officer Maurice Korir to replace founding chief executive John Kithaka, who has been at the helm of the investment group for more than a decade.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
kimanimsc
#223 Posted : Saturday, October 15, 2016 9:18:27 PM
Rank: Member


Joined: 5/4/2015
Posts: 139
Location: Kahno
The Boss is now President - FEP Group


BGL
#224 Posted : Saturday, October 15, 2016 10:47:15 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,161
This Kithaka guy is a FRAUDSTER but let give the benefit of doubt to the new CEO.
Stay away from FEP until the time the strategy is clear. I am not sure what is the role of the president in this thing but I am half optimistic and half pessimistic. All the best to Mr Korir
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Spikes
#225 Posted : Sunday, October 16, 2016 10:57:38 AM
Rank: Veteran


Joined: 9/20/2015
Posts: 1,544
I have been persuaded several times by FEB members in a bid to lure me into pumping in money promising returns in terms of 100fold. I rejected right from the beginning. Putting money in FEB is like playing with fire. If you remember Ponzi scheme stay away please.
kimanimsc
#226 Posted : Sunday, October 16, 2016 11:56:29 AM
Rank: Member


Joined: 5/4/2015
Posts: 139
Location: Kahno
And here comes another PPO at Sh. 18.


For the following "purpose"


Share price (OTC)



Litigations


murchr
#227 Posted : Thursday, November 10, 2016 9:34:20 PM
Rank: Elder


Joined: 2/26/2012
Posts: 10,330
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Sir invest
#228 Posted : Friday, November 11, 2016 9:08:00 AM
Rank: New-farer


Joined: 8/19/2015
Posts: 56
Kenyans avoid this pyramid scheme if you can!!!
BGL
#229 Posted : Friday, November 11, 2016 4:31:17 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,161
Sir invest wrote:
Kenyans avoid this pyramid scheme if you can!!!


I agree with you.... Avoid this con scheme like plague.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
aemathenge
#230 Posted : Wednesday, December 07, 2016 4:40:45 PM
Rank: Elder


Joined: 10/18/2008
Posts: 2,381
Location: Kerugoya
I am not fond of quoting some media houses but Ghafla! has too many "facts" on this article to be ignored.

Link:

Extracts:

"Ghafla! has also learnt that employees at Fountain Media haven’t been paid for the last three months.

Inside sources further tells Ghafla! that Johnson Mwakazi has been disappointed by investors’ failure to meet the cost of running operations; the source told Ghafla!

Mwakazi has been on and off work for the last one month."
Gathige
#231 Posted : Thursday, December 08, 2016 7:51:52 PM
Rank: Veteran


Joined: 3/29/2011
Posts: 1,250
aemathenge wrote:
I am not fond of quoting some media houses but Ghafla! has too many "facts" on this article to be ignored.

Link:

Extracts:

"Ghafla! has also learnt that employees at Fountain Media haven’t been paid for the last three months.

Inside sources further tells Ghafla! that Johnson Mwakazi has been disappointed by investors’ failure to meet the cost of running operations; the source told Ghafla!

Mwakazi has been on and off work for the last one month."


C&P
Fountain Media management has also failed to meet the cost of other utilities like employees’ salaries and rent.

Eish, kweli journalism in KE has hit the lowest.
"Things that matter most must never be at the mercy of things that matter least." Goethe
murchr
#232 Posted : Wednesday, December 28, 2016 6:08:23 AM
Rank: Elder


Joined: 2/26/2012
Posts: 10,330
Business Daily wrote:
Fountain Enterprise Programme (FEP) Group has hired an asset recovery agent to pursue six former senior managers and confiscate Sh67 million allegedly stolen from the organisation.

A forensic audit on the investment group’s operations by KPMG revealed that half a dozen top executives were discreetly siphoning cash meant for projects and investments.

FEP chief executive Maurice Korir said the bailiffs had already recovered Sh20 million from the disgraced managers whose identities he declined to disclose.

“We combed our books and realised some funds were missing. We also plan to file civil suits to recover the assets.”

The funds were stolen in cash, Mr Korir said, and mostly involved money diverted from projects, payments to consultants who did not offer any services and irregular award of insider loans to themselves from FEP’s Fountain Credit Services.

Mr Korir expressed frustration that despite reporting the matter to the Directorate of Criminal Investigations in March 2015, police are yet to take any action on the case.

“I can’t explain why they haven’t been charged yet.”

The forensic audit also unearthed massive discrepancies in the chama’s share registry.

A total of 3,392 investors had paid for 4.58 million shares but were not allotted the proper number of stocks, the KPMG report showed.


Kitumbua inaingia mchanga
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
obiero
#233 Posted : Friday, December 30, 2016 6:29:33 PM
Rank: Elder


Joined: 6/23/2009
Posts: 4,987
Location: nairobi
enyands wrote:
obiero wrote:
Forester wrote:
kimanimsc wrote:
COPIED
Breaking news posted as received .
News just in John Kithaka fired from Fep CEO to just an ordinary board member after blunder's involving Billion's of shilling's spent under questionable transactions. Mr Morris Korir takes office with immediate effect as of Monday last week. Kithaka came with a tag of a staunch Christian and has left FEP in shambles.

https://www.facebook.com..._ref=SEARCH&fref=nf

COPIED.
https://www.facebook.com..._ref=SEARCH&fref=nf

1)We talked about losses in June 2015 before they were declared in Sept 27 AGM
2) We talked about money being stolen in the 8 page 17 points addendum and the board has just fired Kithaka for the same misappropriations and questionable transactions
3)We talked about issues in Investor database and share certificates and CBK used same grounds to deny the DTMF license in March 2016
4)We talked about board being compromised and questions came up about Mwongeras capabilities and Bishop Kariukis personality.
5)We talked about FEP investments being redirected to TAI and SOFIC and now the two leaders Kithaka and Karuu have exited leaving behind the whereabouts of the monies and shares transfered from FEP
6) We talked about pertinent issues and FEP gagged OKOA only for other interested members to come up and publish the truth.
7) Mwongera lied in AGM speech that legal action had been taken against the thieves who stole but no court cases are on record for the same taking place or the action ever being initiated.
FEP has been exposed and its time they declared what steps they are taking to recover the money from Kithaka, Wachira and their companies Archlink international and Kyoto Construction.


Sad Sad Pray Pray @BGL, hope you managed to run for the hills. If not, pole sana kwa masaibu.

Poleni wanahisa wa FEP


Laughing out loudly Laughing out loudly I'm laughing because I know the truth of all these allegations.i still stick to my guns .....people will be surprised soon ..

A true monkey.. Sad what this firm has done to hapless Kenyans.. Sad
http://www.businessdaily...01658-ql21cj/index.html
Ebenyo
#234 Posted : Saturday, December 31, 2016 6:47:23 AM
Rank: Member


Joined: 4/4/2016
Posts: 561
Location: Kitale
This is daylight robbery!
The difference between poverty and wealth is in mentality.
obiero
#235 Posted : Saturday, December 31, 2016 8:16:30 AM
Rank: Elder


Joined: 6/23/2009
Posts: 4,987
Location: nairobi
Ebenyo wrote:
This is daylight robbery!

Indeed it is @Ebenyo but if Kabura, an out and out bandit complete with a gunny bag is still roaming freer than the lions of Serengeti, what are the chances of Kithaka getting caught
murchr
#236 Posted : Tuesday, January 17, 2017 8:25:58 PM
Rank: Elder


Joined: 2/26/2012
Posts: 10,330
Investment group Fountain Enterprise Programme (FEP) Group is shopping for a deep-pocketed Chinese investor to acquire a minority stake in its energy-focused subsidiary that recently landed big-ticket deals in Africa.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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