Live Auction Kenya,Game Over?

This weekend, millions of investors in an online auction house known as Live Auction have been left in dilemma after the website broke down and couldn’t perform important actions.From most investors who have since been affected by the risky investment it started as a loading error and matured into a complete website breakdown which made it difficult for investors to make new bids hence stagnating matured shares leaving investors in a state of dilemma.

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Though the website seems to be more stable, the important action of bidding is still not functioning, leaving shares which have accumulated to more than 7.5 million.This leaves unpaid investors with doubts if they will get their pay soon even after the auction company resumes operations.

The company which has gained popularity and melted the hearts of many from its “get rich quick” method of operation works on a peer to peer money transaction which makes it totally powerless on any wrong transaction making it even more risky.It has therefore left millions of Kenyans in a tense situation knowing well the company won’t be accountable on any money lost incase it ceases to exist.

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With many loopholes and leaks, investors are left with questions if indeed the auction company will resume its operations, or it will vanish just like previous online affiliate companies and other numerous houses disappeared with investors money.

SOURCE