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3,000 people lose $900,000 in a cryptocurrency fraud in Ghana
Some operators of an unlicened entity has defrauded over 3,000 depositors in a cryptocurrency syndicate.
A sample of cryptocurrency
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These directors and operators are seen to be dealers of a cryptocurrency syndicate.
They (directors and operators) were operating under an unlicensed company christened, the Global Coin Community Help (GCCH), a deposit-taking institution.
These alleged fake dealers were said to have absconded more than $900,000 from about 3,000 people who have deposited their monies in the company.
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Reports indicated that the company began as a deposit-operating institution but later transformed into a cryptocurrency trading entity which gave its customers 27 per cent earnings every month for a year.
The Executive Director of EOCO, Mr K.K. Amoah, confirmed to the report, revealing that, the state investigative bodies were on a manhunt for the directors of the sophisticated deceptive company.
He said, “Yes, we have received complaints from the Bank of Ghana (BoG) and some of the depositors who have lost their deposits in the Global Coin Community Help and so we are on the lookout for the directors.”
The consequence of the alleged fraud is likely to make customers lose their principal deposits and any further earnings.
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