Police Swoop On Suspected Ponzi Scheme Gangs … 487 arrested in Kumasi

Four hundred and eighty-seven (487) persons are in the grip of the Ghana Police Service for engaging in suspected Ponzi scheme.

According to information available to The Chronicle, the police arrested these persons on Monday, September 2, 2024 through an intelligence-led operation.

The suspects, consisting 257 females and 230 males, the Police said, are members of the Ponzi scheme, known as QNET in Kumasi, in the Ashanti Region.

The suspects were arrested in a house located at Adwuman, near Kenyasi, a suburb of Kumasi.

The Chronicle’s Police sources said that 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 Chronicle is informed that exhibits retrieved from them include; registration documents and other materials bearing the QNET logos.

The twelve of the arrested suspects who have been identified as executives of the scheme 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 with investigations.