The police have reported that 487 individuals connected to a Ponzi scheme in Kumasi, located in the Ashanti Region, were arrested during an intelligence-led operation on September 2, 2024. The suspects, consisting of 257 females and 230 males, were taken into custody at a residence in Adwuman, near Kenyasi, a suburb of Kumasi. According to a statement released by the police on their social media account today (Tuesday, September 3, 2024), initial investigations indicated that the suspects enticed unsuspecting victims from various parts of the country with promises of high investment returns.
Authorities seized registration documents and other materials bearing QNET logos during the operation. Twelve of the arrested individuals have been identified as scheme executives.
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 have urged the public to remain vigilant against such schemes and to report any suspicious activities to law enforcement.
