Ministers used influence to pilfer millions in alleged Ponzi Scheme
Cointelegraph
Published Aug 28, 2020 05:09PM ET
Updated Aug 28, 2020 06:40PM ET
A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims.
"From 2017 to May 2019, Jali, Frimpong, and Johnson, directly and through two entities created to perpetrate the scheme, Smart Partners and 1st Million (the 'Companies'), fraudulently raised more than $27 million from approximately 1,200 investors, many of them African immigrants," an Aug. 28 legal filing states.
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Written By: Cointelegraph
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