4 hundred and eighty-seven QNet promoters have been arrested in Ghana.
Citing QNet as a Ponzi scheme, authorities in Kumasi made the arrests on September 2nd, 2024.
As per a September 4th FaceBook publish from the Ghana Police Service;
The suspects, consisting 257 females and 230 males, have been arrested in a home positioned at Adwuman close to Kenyasi, a suburb of Kumasi.
Preliminary investigations established that the suspects by means of the scheme, efficiently enticed unsuspecting individuals from varied components of the nation below the guise of providing profitable returns on their investments.
Reveals retrieved from them embrace registration paperwork and different supplies bearing the QNET logos.
Whereas it may be marketed as a Ponzi scheme, QNet is the truth is a pyramid scheme. QNet is run out of Malaysia by founder Vijay Eswaran (proper).
QNet victims are recruited on the promise of riches, solely to later study the one strategy to make any cash is thru recruitment.
Twelve of the arrested suspects who’ve been recognized 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’re presently in Police custody aiding the investigation.
QNet was formally banned in Ghana in November 2022 through court docket order. Nonetheless, as evidenced by the Kumasi arrests, QNet scammers persist.
Previous to the Kumasi arrests, sixty QNet have been rounded up and arrested in February 2023. Tons of extra have been arrested previous to the November 2022 court docket order.
Ghana has lengthy had an issue with QNet recruitment tied to human trafficking. Whereas police haven’t confirmed as a lot with the most recent spherical of arrests, 4 hundred and eight-seven individuals working QNet from one property matches the invoice.
