The Financial and Organised Crime Business office (EOCO) suggests it has arrested officials of digital payment advertising and promotions organization, Payboy.
A statement from EOCO on Friday mentioned Payboy Organization Limited does not have the license from both the Lender of Ghana or the Securities and Trade Fee to carry out the expert services it purports to give.
“The Normal General public is recommended to be circumspect when working with organizations or men and women if it involves economical commitments,” EOCO cautioned.
“Investigations are ongoing,” it included.
The arrest goes to more gasoline the infamous Menzgold saga. The gold dealership agency stated on May 19 that it experienced appointed Payboy to facilitate payments with their clients.
Menzgold’s over 10,000 customers invested in gold collectibles with a subsidiary of the organization in a plan that promised up to 10% regular returns.
The SEC purchased a shut-down of their operations following investigations revealed they have been using money deposits illegally.
Considering that September 2018, clients’ monies have been locked-up.
Although the SEC claims the complete sum locked up is unfamiliar, the state started prosecuting CEO of Menzgold, Nana Appiah Mensah for defrauding purchasers to the tune of GH¢1.68 billion.