Most sought after person in Ghana, Nana Appiah Mensah CEO of embattled gold trading firm, Menzgold Ghana Limited has debunked claims that his gold operations is a Ponzi scheme.
According to him, his gold trading outfit is not a Ponzi scheme crafted to swindle customers. He declared that his business is a legitimate business which is duly registered by the Security and Exchange Commission as opposed to the allegations that his operations is not duly licensed.
Explaining their specific operations, NAM1 said that his outfit works in collaboration with Brew Marketing consult to conduct their business as Menzgold is not a financial institution hence, Menzgold does not accept any form of cash deposits.
Costumers, buy gold from his outfit Menzgold through Brew Marketing Consult, which accept the cash deposits. They then trade with the gold deposits bought by the customers and then payback profits as returns when it garners profits.
He maintained his stance that his outfit is not a Ponzi scheme but a legitimate gold trading firm that is duly registered by the government.
NAM1, is currently released under bail whilst he awaits trail for his criminal and civil cases levelled against him.
NAM1 continues to address the public regarding issues concerning his gold trading firm. Stay logged on to this portal as we update you as he address pressing issues you are concerned about.