This is how the KMEC application worked to attract investors and scam them

Home News This is how the KMEC application worked to attract investors and scam them
This is how the KMEC application worked to attract investors and scam them

With the promise of obtaining daily gains and duplicate your investment in less than two monthsmany Guatemalans were victims of an alleged pyramid scam through a scheme presented by the Keda company, which promoted investment in portable batteries Under the Xtra Power project.

The company, which operated in Guatemala under different names such as Keda, KMEC and Xtra Energyoffered investors the opportunity to generate income by renting digital and physical batteries, on a platform that allegedly combined Technology, innovation and immediate profitability.

Based on complaints and testimonies collected by Free pressthe operation of the investment model promoted by the company and the strategies used to attract participants is detailed.

How Keda’s Estfa

In social networks and promotional materials, the company was presented as Keda, Mobile Energy Companya portable energy company with a modern, revolutionary and technical model. However, behind this facade, a Fraudulent investment scheme based on the fictional rental of Power Banks or rechargeable batteries.

Publication in social networks of Keda Guatemala where his investment model for battery rental was promoted. (Photo, free press: screen capture)

The organization used at least three modalities to attract its victims:

1. Investment in digital batteries through an app

One was offered Mobile application that simulated the burden of a digital battery, promising daily returns From the first day. This modality was mainly directed to Young people interested in technology.

2. Purchase of shelves with physical batteries

Investors acquired shelves that supposedly contained physical rechargeable batteries. These would be placed in public spaces for rent, generating constant income.

3. Investment in physical batteries abroad

Those interested were offered the option to acquire shelves located in China or the United Stateswith monitoring of your profits through the application.

Although videos of supposed promotional events circulate in social networks, several affected explained to Free press that They never attended any face -to -face meeting.

These were convinced by Friends or familywho had also fallen into the scam network, this is a typical feature of a pyramidal scheme.

Xtra app, thus operating the platform used by Keda

One of the victims shared screenshots of the operation of the application used to manage investments.

According to its testimony, the KMEC application was downloaded by means of a link sent by Telegraman instant messaging platform similar to WhatsApp.

Image of the application used by Keda to promote investment in KMEC batteries. (Photo, Free Press: Courtesy)
Image of the application used by Keda to promote investment in KMEC batteries. (Photo, Free Press: Courtesy)

Within the application, the different equipment available for investment was shown, with prices that went from US $560 to US $ 4,500.

In the image, Keda's investment packages are observed, used to promote investment in batteries through the KMEC platform. (Photo: Free Press, Courtesy)
In the image, Keda’s investment packages are observed, used to promote investment in batteries through the KMEC platform. (Photo: Free Press, Courtesy)

As explained by the affected, the system worked from Monday to Friday, with sessions of up to four hours a day. On weekends, the service was not active.

In the case of an investment of US $560the system promised a daily gain of US $ 17.50cumulative until reaching a minimum withdrawal of US $ 50.

Since daily earnings were just under $ 20, investors had to wait at least three days to reach the minimum retirement amount, which was $ 50. In addition, for each transaction an 18 percent charge was applied.

Investors had to wait at least three days to withdraw the minimum of $ 50, with a charge of 18 % for each transaction. (Photo: Free Press, Courtesy)
Investors had to wait at least three days to withdraw the minimum of $ 50, with a charge of 18 % for each transaction. (Photo: Free Press, Courtesy)

How were payments made?

When an investor requested the withdrawal of his alleged profits, they were submitted to a review with a period of Up to 48 business hours.

The image shows the recharge menu, which refers to various cryptocurrencies. MP investigations will be key to clarifying how these virtual currencies were used to deceive investors. (Photo: Free Press, Courtesy)
The image shows the recharge menu, which refers to various cryptocurrencies. MP investigations will be key to clarifying how these virtual currencies were used to deceive investors. (Photo: Free Press, Courtesy)

Then, the payments were made through Binancea cryptocurrency exchange platform. Users had to enter their number Electronic portfolio Within Xra app, which in turn was linked to a Monetary account in Guatemala.

The image shows how payments were managed to Keda investors. (Photo: Free Press, Courtesy)
The image shows how payments were managed to Keda investors. (Photo: Free Press, Courtesy)

Although these procedures seemed to provide some formality to the system, Experts in Economics and Fraud Prevention consulted by Free press They have warned that No legal investment guarantees immediate returns or duplication of capital in short deadlines. These promises are a clear alert signal about possible Financial scams.

What happened to Keda?

One of those affected explained that, at the end of April, the application stopped working, as happened in Honduras on the same dates.

From that moment on, many Guatemalans began to doubt the legitimacy of the project already investigate more thoroughly about the company and the assumption Investment Plan that offered High profits in a short time.

Alert signals and lessons for investors

Keda’s story in Guatemala not only exposes one more case of Digital Financial Fraudbut also evidences the urgent need for Financial Education In the country.

The use of technological platforms, payments through cryptocurrencies and the promise of high profits are common characteristics in fraudulent schemes that take advantage of the ignorance of users.

In summary, the XTra Power application, presented as an investment tool in renewable energy and portable technologyIt turned out to be a vehicle to disappoint Guatemalans who today seek justice and the recovery of their money.

With information from Carlos Gómez

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