A year ago, I wrote a cryptic post with only one person in mind, NAM 1. I was worried by his spending, the fact that no one questioned his spending and more worryingly, how the crème dela crème of our society granted him access.
Truth be told though, it never crossed my mind that MENZGOLD is a scam. All along, I thought their problem with the state had to do with regulations and not necessarily the scheme being ponzy. In fact, posted a short message as to why the regulators won’t streamline their operation but with the benefit of hindsight, I’d say the company should never have existed to start with. If we the General Arts people don’t get this, at least, our experts should have nipped this in the bud long ago.
It never occurred to me to invest there, not because I foresaw a danger waiting to happen but because I prefer doing business with my money than saving in any kind of investment that doesn’t depend on me. Over the past two years, two businesses I started didn’t go as expected, I lost money but it was okay to take because I had only me to blame and I felt some valuable lessons were leant through it all for tomorrow. It’d have felt different if I lost all the money in my account. The money people decide not to touch in their account or put into investments is to a very large extent, their life.
I feel sorry for all of you out there whose money are locked up with NAM 1. It feels good saying locked up but the truth is, it is gone. Like Castro, we prefer using ‘missing than dead even though we all believe 99.9% that the latter is truer.
I know most MENZGOLD customers won’t get their money because NAM1 doesn’t have it, you don’t have any gold anywhere working for you, your money was used to pay the monthly interest of those who opted to be collecting their monthly profits. Some actually didn’t collect it because they wanted to grow their investment. Part were used to set up other businesses, sponsor an expensive lifestyle. I leant NAM 1 is also into Crypto Currency Trade, if that is the case, then he traded with your money in a high risk high reward venture. Last year alone, Bitcoin depreciated by over ….
.., it was your money sinking.
Again, no Gold was working for you.
From a very credible source, most of the money deposited didn’t go into the companies account, some were kept at the headquarters in East Legon and those who had knowledge of it and had access to it enriched themselves. The management sacked many of such people but you know these things are never reported. (There are too many sensitive infos here I’d rather keep to my chest).
It is also clear that this ending was carefully scripted and not accidental.
Now, let’s reason together logically, a state institution realises a business is operating illegally and taking deposits of it’s citizens for almost 6 years, SEC steps in, realises it was fraud, with the history of DKM, God is Love, US Tilapia, the company is not told to refund it’s depositors money but to stop taking money from new investors. The company capitalises on this to create the impression they have been stopped from working with what they already have and paying depositors their money, no one calls them to order There is no exit plan and the man in the mix is allowed to hold on to his passport and access to his account and that of the company.
The owner flies out, flies his family out and yet all assets of the company and it’s directors remain intact.
If he has been given enough time to make a personal exit, then perhaps it’s time depositors make their personal exit too.
If the money is paid, which to me would require a miracle, fine, if not: life must go on however difficult it proves.
Humans are by nature made to overcome obstacles, this is just but one of them.
Easier said than done, however,
sometimes, you must ‘done’ regardless of how
difficult it is.
When life hits you and you refuse to move on, life would overtake you and further increase the extent of catch up you need to do.
There is a power in NOW we must learn not to ignore.
Sorry to all who invested there, you didn’t do it just because you were greedy, you saw an opportunity and had the means to take advantage.