Chief Executive Officer (CEO) of embattled MenzGold, Nana Appiah Mensah who is popularly known as NAM1 has been fingered in an ongoing Ponzi scheme that goes by the name CHY Mall.
There has been a lot of education by the financial experts and media to Ghana ins not to engage in any unwarranted trading venture that is not visible and realistic but it seems the high unemployment rate and lack of valuable business ventures to engage in has caused Ghanaians to fall for this cheap scam.
Sincere the e-commerce operative boast of having GRA and business certificates some Ghanaians who have capital but lack ideas to venture into businesses have ventured in this ponzi scheme just as they ended up in MenzGold.
Any Ghanaian can own a business certificate so Ghanaians are been advised to be aware since EOCO hasn’t publicly made a statement on the genuity of this scam.
Interestingly, sources had it that embattled MenzGold CEO who scammed many Ghanaians millions of cedis is said to have connections with this new scam.
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