The Ghana Police Service, through an intelligence-led operation, has arrested 487 suspects connected to the notorious Ponzi scheme known as QNET.
The operation, which took place on September 2, 2024, targeted a residence in Adwuman near Kenyasi, a suburb of Kumasi in the Ashanti Region.
The arrested individuals include 257 females and 230 males, all of whom were allegedly involved in the scheme that has swindled countless unsuspecting victims across the country. Preliminary investigations reveal that the suspects lured individuals into the Ponzi scheme with promises of lucrative returns on investments, exploiting their trust and hopes for financial gain.
During the operation, police officers retrieved several exhibits, including registration documents and other materials bearing the QNET logo, further implicating the suspects in the fraudulent activities. Among those arrested, twelve individuals have been identified as key executives of the scheme. These executives, currently in police custody, are assisting with the ongoing investigation.
The identified executives include 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.
The Ghana Police Service has issued a warning to the public, urging them to be vigilant and cautious of such fraudulent schemes. The police have also encouraged citizens to report any suspicious activities or schemes to law enforcement authorities to prevent further exploitation.