Victims of an alleged cryptocurrency fraud are determined to take legal action against the management of Global Coin Community (GCCH), the company they invested their money with.

This follows a report that some alleged fake dealers have escaped with more than $900,000 which they took from about 3,000 people who have deposited their money in a company called Global Coin Community (GCCH).

The Criminal Investigations Department (CID) and the Economic and Organised Crime Office (EOCO) in Ghana are on a manhunt for the directors and operators of the aforementioned company.

Meanwhile, the victims say that their decision to seek redress from court is due to the fact that the efforts of the security agencies to investigate and arrest the directors and operators of the company have not yielded any positive results.

Mr Solomon Anderson, a victim, in a report indicated that they are under severe economic pressure because their funds have been locked up with the company.

They, therefore, took that decision because they want the court to help them to get the company to pay them back their funds.

Mr Anderson said, “We petitioned EOCO, we petitioned the Securities and Exchange Commission, we also petitioned the CID and it is unfortunate we’ve not heard anything from them so our money has been locked up.”

He added that, “Just last night we came together and decided to take a legal action since all the security agencies we petitioned have not been able to get back to us, so we are pursuing a legal action.”