The Ghana Police Service has arrested 487 suspects linked to the QNET Ponzi scheme in a significant operation during an intelligence-led raid in Kumasi on 2nd September 2024.
The suspects, comprising 257 females and 230 males, were apprehended in a house located at Adwuman near Kenyasi, a suburb of Kumasi.
According to the police, “Preliminary investigations established that the suspects, through the scheme, successfully enticed unsuspecting persons from various parts of the country under the guise of offering lucrative returns on their investments.” The raid uncovered registration documents and other materials bearing QNET logos, further implicating the suspects in the fraudulent scheme.
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. “They are currently in Police custody assisting the investigation,” the law enforcement agency stated in a release on Tuesday, 3rd September.
The police have urged the public to be vigilant and report any suspicious activities related to Ponzi schemes. “We would like to take this opportunity to urge the public to be wary of such schemes and report such activities to the Police,” the statement emphasised.
This operation marks a crucial step in the fight against financial fraud in Ghana, as authorities intensify efforts to dismantle illegal schemes that prey on vulnerable individuals.
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