How does this con game work

T

The.Black.Templar

Elder Lister
Staff member
howlow.co.ke

HowLow Kenya

Bid on exciting prizes for just Ksh20 in our lowest unique bid auctions!
howlow.co.ke

I mean how is the above site allowed to do business...i got several ideas kama hizi ndio zinatuma mtu akuwe billionaire...are there regulations ama mtu anaanza tu?
 
Last edited:
According to https://www.businesslicense.or.ke/index.php/license/details/id/201
Below are the requirements to start such a business
Screenshot_20200525-233223_Chrome.jpg

Mehn its time to switch careers sasa. All i need is a partner
 
There are people who sell their houses and major assets like this.
If you're not getting enough interest in your property, you sell raffle tickets to the value of the house in small denominations with a guaranteed winner.
The last one I saw the owner waned £250,000 for his house and you could purchase as many £20 raffle tickets as you wanted.
You attach a time limit and just like that someone gets to own a £1/4 mill house for £2, the seller offloads the property and everyone lives happily ever after.
(Well, apart from the loosers.)
 
Kabuda said:
There are people who sell their houses and major assets like this.
If you're not getting enough interest in your property, you sell raffle tickets to the value of the house in small denominations with a guaranteed winner.
The last one I saw the owner waned £250,000 for his house and you could purchase as many £20 raffle tickets as you wanted.
You attach a time limit and just like that someone gets to own a £1/4 mill house for £2, the seller offloads the property and everyone lives happily ever after.
(Well, apart from the loosers.)
Click to expand...
Damn, that's actually a great idea...what about transparency issues? Ama its all based on trust?
 
Kabuda said:
There are people who sell their houses and major assets like this.
If you're not getting enough interest in your property, you sell raffle tickets to the value of the house in small denominations with a guaranteed winner.
The last one I saw the owner waned £250,000 for his house and you could purchase as many £20 raffle tickets as you wanted.
You attach a time limit and just like that someone gets to own a £1/4 mill house for £2, the seller offloads the property and everyone lives happily ever after.
(Well, apart from the loosers.)
Click to expand...

Where and when did this happen?
 
The.Black.Templar said:
I remember reading a similar article a while back
Click to expand...


The couple sold just under 30,000 tickets at £25 each for the chance to win their plush home that boasts its own cinema and seven reception rooms.

This equated to around £750,000 worth of tickets yet the winning prize was only a fraction of that amount.

www.thesun.co.uk

Woman who won '£3m house raffle' but only got £110,000 after millionaire couple kept home revealed

THIS is the first picture of a woman who ‘won’ a £3m mega-house in a raffle – but only got £110,000 after the millionaire couple behind it decided to keep their home and pocketed …
www.thesun.co.uk www.thesun.co.uk
 
Nattydread said:
The couple sold just under 30,000 tickets at £25 each for the chance to win their plush home that boasts its own cinema and seven reception rooms.

This equated to around £750,000 worth of tickets yet the winning prize was only a fraction of that amount.

www.thesun.co.uk

Woman who won '£3m house raffle' but only got £110,000 after millionaire couple kept home revealed

THIS is the first picture of a woman who ‘won’ a £3m mega-house in a raffle – but only got £110,000 after the millionaire couple behind it decided to keep their home and pocketed …
www.thesun.co.uk www.thesun.co.uk
Click to expand...
Business based on trust ni shida tupu
 
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