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October 18th , 2024

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SEC STRENGTHENS ITS EFFORTS TO END PONZI SCHEME OPERATIONS

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Director-General of the Securities and Exchange Commission (SEC), Rev. Daniel Ogbarmey Tetteh has famous that endeavors to secure operators of pyramid or Ponzi plans have been improved.



Agreeing to him, the Commission has solidified its collaboration with law authorization organizations within the nation as the slant has demonstrated to be stressing.


In see of this, Rev. Ogbarmey Tetteh expressed that perpetrators of such exercises when caught will confront the complete thoroughness of the law.


“There's one thing that's coming up and it’s stressing, which is the slant of individuals seeking out for speedy settle or making cash. So, you may find Ponzi plans or pyramid plans where individuals say ‘bring x sum and I will twofold it. In a week you'll get this sum’ it is springing up all over the put. It shocks me that Ghanaians drop for such plans.



We would like to send a solid caution to the perpetrators behind this movement that we have manufactured a more grounded union with the law requirement organizations and once you are caught scamming individuals, the law will take its course.”


He made the comments on Friday, February 11, when E ON 3 Gather displayed him with the Otumfuo Commemorative Gold Coin.



Agreeing to him, the activity is portion of the Commission’s steps to ensure speculators and the peace within the nation.



In his conveyance, Rev. Ogbarmey Tetteh rebuked Ghanaians not to require the trap of strong guarantees but or maybe to test into the exercises of Ponzi plot operators.


Taking such steps, he said can anticipate one from being a casualty to such scams.


“May we too send this message to Ghanaians, that let us be more observing and let’s start to inquire questions when we are guaranteed something that's as well great to be genuine. Let us inquire questions approximately how they are able to create anything returns to deliver you so much. We all need peace of intellect.



So, let’s do the proper thing and guarantee when it comes to peace, we contribute to the nation and as individuals,” he concluded.

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Emmanuel Amoabeng Gyebi

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