Kenyans who have been investing in LWE FOOTBALL are in shock by allegations that it is a scam. People who have balances in their accounts are worried sick, as the withdrawal process seems to fail or is disabled.
What is LWE FOOTBALL?
Their website shows that LWE football is a reverse betting platform dependent on match results.
The platform was reportedly launched in 2010 and allegedly supported by Berkshire Hathaway. Once a person joins, the minimum amount to deposit is actually Kes 300.
They view themselves as an internet investment company in online sports and insinuate that they are licensed and regulated by the government.
LWE football claims that they have connections and links with the world’s largest sports organizations that deal with events.
They purport to be involved in investment in sports gaming, which they call football financial management.
LWE football Kenya has over 3 million Kenyans reportedly.
Our team tried to reach them via the number shared on their website +254 115535554 but we were unable to reach them for comment.
Is LWE FOOTBALL A SCAM?
Well, Kenyans have rushed to Twitter to seek help from relevant bodies, including the Betting Control and Licensing Board.
The BCLB a is a department under the Ministry of Interior and Coordination of National Government that is mandated to regulate and License such business activities to cushion and protect Kenyans from fraud and exploitation.
Our social media team has combed through the comments, to validate whether LWE football is a scam.
Look at this and make a decision for yourself. Before the uproar, the company posted this via ‘their account’ yesterday.
DON’T GET WORRIED WITH THE RUMOURS SPREADING AROUND Tomorrow Withdrawals will Run fine and smooth Normally 2-48 hrs.. starting tomorrow it will be faster. #lwe#LWEFOOTBALL
Kenyans React after realizing LWE FOOTBALL Could be a scam!
And now? App is not working and talking of depositing another 10k in order to get refunded? Make it make sense. -@BridgittesP
This was a pyramid scheme, scam from the very beginning. Did you know their BCLB number? -@SonofMasaba
I wonder why deposits are faster in that platform compared to withdrawals. If they are legit, let them fasten the withdrawals as they have done with deposits. – @oirereden
They are gone. With people’s money. – @KipkoechKeny
What’s your license number on BCLB? Where is your physical offices? Who are your Management Directors, why is your site running on a GOTV website clone? – @MarianiIan
LWE football i.e (Lucky Wish Earned) is a gaming website, now reported as a scam by different users in Kenya. People who have used the site say, you predict a reverse score of a game, for example 1-0 and if the match ends with any score other than 1-0, the members are declared winners. They were allegedly using deposit and referral bonuses to bait and lure potential victims.
And when they suspected least, service interruptions happened raising all the red flags one could think of.
“On the latest episode where members tried to withdraw funds from late last week on Wednesday and the funds were not sent as usual within a time frame of 2-48hrs and the admins gave a glimpse of hope to members that by Monday (today) they will receive the funds but funds have not be deposited to them for more than 5 days. Now they cannot login to their accounts since they have been all suspended. Some of the admins are still pouncing on desperate members who are yet to believe they have been scammed by telling them to deposit. $100 to the scammers bitcoin wallet or ksh10,000 to Mpesa paybill so they get they money back and some of they have fallen prey of the trap. I don’t know what will help the scammed members since they have been blocked from accessing the platform groups,” @heisuzz shared.
LWE football alleged Telegram chat courtesy of @heisuzz on Twitter
This thing was in Uganda.. people cried. – @TERRYJO57936865
Well, there you have it. LWE football is a scam to some, you decide!
Well, there you have it. LWE football is a scam to some, you decide!