Kenyan detectives arrested Mildred Kache, the alleged mastermind of a fake gold deal that defrauded an American investor of 431,380 USDT (approximately $431,380). The scam involved promises to supply 400 kilograms of gold bars, which never materialized after the victim wired funds. Kache was captured at an apartment in Kilimani, Nairobi, while her accomplice Ibrahim Yusuf Mohamed fled. The DCI noted that at current gold prices, 400 kg would be worth nearly $54 million, making the deal suspicious. Kache is in custody pending arraignment, and investigators are tracing the stolen funds. Kilimani has been a hotspot for similar scams targeting foreigners, often using USDT for fast, irreversible transfers. Kenya is finalizing crypto regulations to improve oversight.

Key facts

• Arrested: Mildred Kache alleged mastermind of 431,380 USDT gold scam.
• Victim: American investor promised 400 kg gold bars; paid but received none.
• Accomplice Ibrahim Yusuf Mohamed fled; black Mercedes seized.
• Kilimani, Nairobi, a known hotspot for international fraud schemes.
• USDT used for fast, irreversible transfers; Kenya finalizing crypto regulations.