In a major crackdown on financial fraud, the police have detained 487 individuals connected to a Ponzi scheme in Kumasi, Ashanti Region, following an intelligence-led raid on September 2, 2024.
The suspects, including 257 women and 230 men, were captured at a residence in Adwuman, a suburb of Kumasi, where they had been orchestrating the fraudulent operation. Preliminary investigations show they duped victims nationwide with promises of high returns on investments.
Authorities seized various documents and materials branded with the QNET logo during the raid. Among those arrested, twelve have been identified as key figures in the scheme: 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 now in police custody, aiding further investigations.
The police have called on the public to stay alert and report any suspicious financial activities to law enforcement.
Below is the press statement from the Police..
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The Ghana Police Service through an intelligence-led operation yesterday, 2nd September, 2024, arrested four hundred and eighty-seven (487) suspects who are members of the Ponzi scheme known as QNET in Kumasi in the Ashanti Region.
The suspects, consisting 257 females and 230 males, were arrested in a house located at Adwuman near Kenyasi, a suburb of Kumasi.
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.
Exhibits retrieved from them include registration documents and other materials bearing the QNET logos.
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 the investigation.
We would like to take this opportunity to urge the public to be wary of such schemes and report such activities to the Police.
