KAMPALA, 4 April 2021 – Police in Uganda are investigating allegations that three American citizens have lost $5 billion in a gold scam that connects dealers in Cameroon and Uganda.

High-profile security personnel and lawyers are among the scammers, according to Ugandan police where the three Americans are seeking redress.

Three Americans Scammed in Gold Deal - Ugandan Ministry of Mines, Industry and Technological Development

Three Americans Scammed in Gold Deal – Ugandan Ministry of Mines, Industry and Technological Development

Uganda - Source AFP

Uganda – Source AFP

The three Americans say the scammers stole their gold and cheated them of money between 2019 and 2020.

According to the American businessmen, the scamming operation started in 2019.

The Americans allegedly bought gold in Cameroon worth $5 billion, which was to be transported to Canada via Nairobi.

The gold bars were reportedly swapped with aluminum bars in Uganda and when the Americans who had been swindled showed up in Uganda to recover the gold, they were defrauded of more money and more.

Americans Scammed in God Transaction from Cameroon via Uganda - Photo The Investigator News

Americans Scammed in God Transaction from Cameroon via Uganda – Photo The Investigator News

The American trio survived a kidnap attempt at a popular Kampala hangout – Village Bugolobi in Nakawa Division – in broad daylight recently.

The victims reported the incident and police are investigating the matter, according to Charles Twiine, a spokesperson for the Criminal Investigation Directorate (CID) of Uganda.

“We have obtained the footage on what happened. The suspects have been positively identified and the process of pursuing them has started,” Twiine told reporters Friday.

The five men attempted to drag the foreign nationals into a waiting car, which they resisted.

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team. This month, a reverting one on one interview with the Chairman on African Affairs at IMF

You have Successfully Subscribed!