The police have arrested 487 individuals in Kumasi in connection with a Ponzi scheme.
The arrests were made during an intelligence-led operation on September 2, 2024, at a residence in Adwuman, near Kenyasi, a suburb of Kumasi.
The suspects, including 257 females and 230 males, are accused of luring victims from various parts of the country with promises of lucrative investment returns.
During the operation, authorities seized registration documents and other materials bearing the QNET logo, believed to be linked to the scheme.
Among those apprehended, twelve individuals have been identified as executives of the operation.
These key figures include Gyereh Evelyn, Francis Kpesah, Samuel Musah, and several others.
All twelve are currently in police custody, where they are assisting with ongoing investigations.
The police, in a statement released on their social media platforms today, September 3, 2024, urged the public to remain vigilant against similar schemes.
“We encourage everyone to report any suspicious activities to law enforcement to prevent further exploitation of unsuspecting victims,” the statement read.
