Govt owes you no responsibility if you invest in ‘Ponzi Scheme – Kofi Bentil

Written by on October 19, 2018

The Vice- President IMANI Ghana, Kofi Bentil, says government owes no Ghanaian who invests in any fraudulent investment the responsibility of compensating them.

According to him, government has no responsibility to compensate such persons who willingly invest in Ponzi schemes.

“Government has no responsibility, legal or moral to pay citizens for losses incurred as a result of engaging in illegal activity. Emotional notion, based on nothing that if you end up in DKM government should come to your aid.“There is no such responsibility and in certain situations I am aware certain people were paid some monies and one of these days someone should sue them for wasting our money. Why is that important? It is because you need to know that you really do not have any protection,”

Mr. Bentil said this at a forum organized by Media General group owners of tv3 on Ponzi schemes.

What is a Ponzi scheme?

A Ponzi scheme is a form of fraud which lures investors and pays profits to older investors by using funds obtained from newer investors.

Investors may be led to believe that the profits are coming from product sales, or other means, and remain unaware that other investors are the source of profits.

Their comments come in the wake of agitations by customers of Menzgold over the non-payment of their investment in their transactions with the company.

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