Ex Club Rouge Owner and Internet Fraudster Ronald Muramuzi has been remanded to Luzira prison until June 18 when he will be paraded in court and charged.
Ronald Muramuzi, the brain behind TelexFree and Ad fast cyber schemes in Uganda will be charged with three counts of electronic fraud, conspiracy to commit a felony and obtaining Money by false pretence.
Muramuzi was arrested following the sudden closure of Telex free, an international scheme which reaped hundreds of billions of shillings from Ugandans.
Many of the alleged victims of TelexFree were drawn into the schemes marketing pitch by other members of their community who boasted of the huge sums they were making for the simple job of promoting an Internet telephone service.
Police received over 300 complaints from people who were seduced to join the scheme. They believe that his over Ugx 7billion was defrauded from unsuspecting individuals who fell prey to the marketing antics and joined the scheme.