Four hundred and eighty-seven QNet promoters have been arrested in Ghana.

Citing QNet as a Ponzi scheme, authorities in Kumasi made the arrests on September 2nd, 2024.

As per a September 4th FaceBook post from the Ghana Police Service;

The suspects, consisting 257 females and 230 males, were arrested in a house located at Adwuman near Kenyasi, a suburb of Kumasi.

Preliminary investigations established that the suspects through the scheme, successfully enticed unsuspecting persons from various parts of the country under the guise of offering lucrative returns on their investments.

Exhibits retrieved from them include registration documents and other materials bearing the QNET logos.

While it might be marketed as a Ponzi scheme, QNet is in fact a pyramid scheme. QNet is run out of Malaysia by founder Vijay Eswaran (right).

QNet victims are recruited on the promise of riches, only to later learn the only way to make any money is through recruitment.

Twelve of the arrested suspects who have been identified as executives of the scheme are Gyereh Evelyn, Francis Kpesah, Samuel Musah, Simon Yakubu, Thomas Kotual, Kwasi Nyabi, Benjamin Nsigma, Elijah Musah, Moses Katu, John Balabon Tagnakibi, James Nogma, and Fidelis Bang-ib.

They are currently in Police custody assisting the investigation.

QNet was officially banned in Ghana in November 2022 via court order. Nonetheless, as evidenced by the Kumasi arrests, QNet scammers persist.

Prior to the Kumasi arrests, sixty QNet were rounded up and arrested in February 2023. Hundreds more were arrested prior to the November 2022 court order.

Ghana has long had a problem with QNet recruitment tied to human trafficking. While police haven’t confirmed as much with the latest round of arrests, four hundred and eight-seven people working QNet from one property fits the bill.