Management breaks silence on the close down of Menzgold

A lot has been said about Menzgold and its CEO Nana Appiah Mensah since the Securities and Exchange Commission authorized the gold investment company to shut down in a letter dated 7th Sept. 2018.

However, a new report discovered by Ghpage.com is more deadly than all the allegations level against the owner of Menzgold, Nana Appiah Mensah. Ghpage.com has just discovered the metal sold to Menzgold investors were fake and not original gold as the company made it investors to believe.

Nana Appiah Mensah CEO of Menzgold

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Reading the chapter 2 of the contract signed between Menzgold and the investors, the contract specifies the commodity being sold to investors. Chapter 2: A States: Commodity Gold – Aurum Utallum (AU Metal).

The Part Of The Menzgold Contract That Spells Out Specifications OF The Gold Being Sold

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Now, a simple google search will tell you there is no gold or precious metal called Aurum Utallum. However, Aurum Utalium (or Utallum) is a term often used by criminals who distribute fake “gold offers”. Aurum (AU) means Gold but there is no such word or mineral in Latin as Utalium.

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Because the terminology “Aurum Utalium” does not and cannot represent the true gold, the word was used in courts in some countries, to defend fake gold criminal dealers, as the criminal never offered “Aurum” but “Aurum Utalium” which is the name of the fake and fraudulent yellow, shiny metal, that contained no gold inside. It is brass and alloy of several metals but never a precious metal so definitely not gold.

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A “dealer” of gold that uses “Aurum Utalium” is not a dealer. A licensed dealer is forbidden by laws to misrepresent the gold as a precious metal, and every true and genuine dealer of gold knows that gold cannot be named “Aurum Utalium” but “Aurum”.

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Ghpage.com upon research also found out that it unacceptable (Though not illegal) to use Latin word for gold (Aurum) in conversation or contract when the English language is the language for communication.

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Already, people like the Member of Parliament for Assin North, Kennedy Agyapong, Ibrah One, Gideon Aduku, and others have described Nana Appiah Mensah also known as NAM1 as fraud and have cited reasons to back their accusations.

Ghpage.com is following this new discovery and will report back when there is any new development. STAY WITH GHPAGE.COM

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Rashad is a seasoned entertainment and lifestyle journalist who holds a Bachelor of Arts certificate in Social And Development Administration. He is also an award-winning publicist and social media enthusiast. For all your adverts, services and any related needs, you can reach Rashad on +233203713877 WhatsApp +233245475186 Email: rashad@ghpage.com Do well to follow him on all his social media handles below and have A-Z news update on all trending issues