Details of how NAM1 was scammed by 'international scammers' pop up

A former colleague of Nana Appiah Mensah has revealed that several people who have invested in Menzgold may not get back their monies back.

According to a report sighted by YEN.com.gh on Ghanaweb, Eric Pope Akaah, a US-based Ghanaian who together with the Menzgold CEO, shared the same platform with Bitworld Center and Cryptoworld, two international platforms that operated as a Ponzi scheme in the US which later turned disastrous.

Akaah narrated this to Kofi TV and spelled out the ins and outs of the said scheme run by the man popularly referred to by many as NAM 1.

The two financial institutions according to Mr Akaah, provided its customers with mouth-watering yields but ended up defrauding several people, one of whom he suspects to be the Menzgold CEO, Nana Appiah Mensah.

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Eric Akaah said associates from Bitworld Center made up to 2.9% per night over investments or as much as 3 times the seed money, a move which attracted several customers.

To prove his point, he mentioned that Menzgold’s predicaments begun just a day after the two organizations ‘vanished into thin air’.

He added that those who fell victim to the scam were patrons who kept investing more of their profits.

He added that with Menzgold’s business model, he is sure NAM1 invested the company’s money into the ‘malicious’ business.

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“What happened to Ghana is unfortunate. There was this platform called Bitworld center. The higher the number of people you bring, the higher your returns. Whatever you put in at the end of the night, you’ll be given 2.9%. I realized NAM1 was also on the platform. Menzgold collapsed a day after Bitworld center collapsed and Cryptoworld followed suit. I don’t know if NAM1 is saving elsewhere but I’m not sure NAM1 can get Ghanaians’ money for them because his source of investment has crushed. One day we woke up only to find out that the two companies were no more in existence. Just like that. If you even trace their domain name on google, you would find nothing,” he stated.

Since the Security and Exchange Commission order last September, customers have endured no small frustration in getting the company and its socialite CEO, Nana Appiah Mensah, to refund their monies.

In a related development, the headquarters of the Dubai police has denied knowledge of the arrest of the CEO of embattled gold firm Menzgold, Nana Appiah Mensah, as widely reported in the media.

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Checks with the police in Dubai revealed that they had not arrested any Ghanaian national in the last few weeks in relation to a gold scam as it’s been reported in Ghana by several media outlets.

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Source: YEN.com.gh