Velvet Eatery & Lounge was reported in connection with an alleged restaurant investment scheme that attracted investors with promises of returns of up to 30% per month. According to the reports, participants were told that their funds would be used to support restaurant operations and generate regular investment income.
Investors allegedly committed substantial amounts of money based on these promises, but the business later closed abruptly. Reports claim that the owner became unreachable and that affected investors were unable to recover their funds, with estimated losses said to exceed KSh 100 million.
The claims concerning Velvet Eatery & Lounge and its owner are based on investor reports and should be treated as allegations unless independently verified or established through the appropriate legal process. Potential investors are advised to carefully examine unusually high-return offers and verify the regulatory and financial standing of businesses before committing funds.
Reported 10 Feb 2026
