Police arrest 487 members linked to ponzi scheme in Kumasi

A total of 487 individuals linked to a ponzi scheme in Kumasi in the Ashanti Region have been arrested by the police, following an intelligence-led operation on September 2, 2024.

The suspects, comprising 257 females and 230 males, were apprehended at a residence at Adwuman, near Kenyasi, a suburb of Kumasi. 

The police in a statement on Tuesday [September 3, 2024] said preliminary investigations revealed that the suspects lured unsuspecting victims from various parts of the country with promises of lucrative returns on investments.

Authorities seized registration documents and other materials bearing QNET logos during the operation.

Among the arrested individuals, twelve have been identified as executives of the scheme. 

They are Gyereh Evelyn, Francis Kpesah, Samuel Musah, Simon Yakubu, Thomas Kotual, Kwasi Nyabi, Benjamin Nsigma, Elijah Musah, Moses Katu, John Balabon Tagnakibi, James Nogma, and Fidelis Bang-ib. These individuals are currently in police custody, assisting with further investigations.

The police has urged the public to remain vigilant against such schemes and to report any suspicious activities to law enforcement.