Sign In
  • Africa
  • African
  • Trump
  • Guardian
  • Mail
  • South
logo
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Reading: Court remands forex trader for allegedly defrauding investors of $300k and GH₵10m
Share
African News HeraldAfrican News Herald
Font ResizerAa
Search
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Follow US
© 2024 africanewsherald.com – All Rights Reserved.
African News Herald > Blog > Ghana > Court remands forex trader for allegedly defrauding investors of $300k and GH₵10m
Ghana

Court remands forex trader for allegedly defrauding investors of $300k and GH₵10m

ANH Team
Last updated: January 6, 2025 12:22 am
ANH Team
Share
Court remands forex trader for allegedly defrauding investors of $300k and GH₵10m
SHARE

A 35-year-old forex trader, Benjamin Appiah Boateng, has found himself in legal trouble as he faces charges of fraud and theft. Boateng has been accused of defrauding two individuals, Mr Berry Kwadwo Agyapong and Mr David Burke, of substantial amounts — USD$300,000 and GH₵10,445,000, respectively.

The Accra Circuit Court proceedings revealed that Boateng, a resident of Oyibi, allegedly convinced Mr Agyapong and Mr Burke to invest in cryptocurrency, specifically UDST, through platforms like Binance. Presenting himself as a seasoned forex trader with a track record of successful investments, Boateng enticed the victims with promises of lucrative returns.

Initially, Mr Agyapong invested USD$300,000 in the scheme and later introduced Mr Burke, a businessman, to the investment opportunity presented by Boateng. Mr Burke initially invested GH₵555,000 but later raised his total investment to GH₵9,890,000, relying on Boateng’s assurances of consistent profits and dividends.

However, when Mr Burke attempted to withdraw his investment and dividends, Boateng suddenly went silent and ceased all communication. Despite numerous efforts to reach Boateng, both Mr Agyapong and Mr Burke were unsuccessful in contacting him.

In a shocking turn of events, Boateng allegedly sent a voice message via WhatsApp to the victims, admitting that he had lost their investments in online gambling on a platform called “Stake.” He even sent a distressing suicide note, causing alarm among the victims.

Following Mr Burke’s report to the police, Boateng was apprehended. During interrogation, Boateng reportedly confessed to the crimes he was accused of committing.

Presided over by Mr Samuel Bright Acquah, the court remanded Boateng into custody after he declined to enter a plea. The case has been adjourned to 13 January 2025 for further proceedings.

See also  Two remanded for allegedly trafficking bullets from Ghana to Togo
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
TAGGED:300kallegedlycourtdefraudingforexGH10mInvestorsremandstrader
Share This Article
Twitter Email Copy Link Print
Previous Article Egypt: President El-Sisi Meets Prime Minister, Minister of Transport and Industry, President’s Advisor
Next Article Nearly 1,800 DIA flights canceled, delayed amid weekend winter weather Nearly 1,800 DIA flights canceled, delayed amid weekend winter weather
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Best Phone 2024: Top 10 Mobile Phones Today

Need a new phone? The constant influx of new handsets can make it challenging to keep track of what's worth…

November 12, 2024 3 Min Read
14 best trading platforms in Nigeria 

Avatrade is regulated by the Central Bank of Ireland, ASIC in Australia,…

20 Min Read
The fall of Ghana’s NPP and the resurgence of the NDC in the 2024

The 2024 general elections in Ghana marked a seismic shift in the…

8 Min Read

Lifestyle

All the African Beer Cup 2025 winners

Soul Barrel Brewing has once again proven its dominance in…

June 2, 2025

Where and how to watch the 72nd Miss World Grand Final

South Africa's Zoalize Jansen van Rensburg…

June 1, 2025

Travelling? Here are smartphone settings to save you from theft

Essential Smartphone Settings for Safe and…

June 1, 2025

WATCH: Cannabis Expo comes to Johannesburg [VIDEO]

The Cannabis Expo made its highly…

May 31, 2025

Starlink no magic fix for rural connectivity crisis, says industry

Addressing Connectivity Challenges in Rural South…

May 31, 2025

You Might Also Like

Wontumi withdraws High Court application to review his bail conditions
Ghana

Wontumi withdraws High Court application to review his bail conditions

Chairman Wontumi, also known as Bernard Antwi Boasiko, the Ashanti Regional Chairman of the NPP, has made a decision to…

2 Min Read
Open burger menu
Ghana

Chaos in GPL: Nations FC walk off pitch in protest over controversial penalty

Nations FC made headlines on Sunday after a dramatic walk-off during a crucial Ghana Premier League match against Basake Holy…

5 Min Read
Trump's tariffs 'not going away' as deadline for deals loom, top adviser says
Ghana

Trump’s tariffs ‘not going away’ as deadline for deals loom, top adviser says

US President Donald Trump is poised to end the pause on his global tariffs, according to Commerce Secretary Howard Lutnick.…

3 Min Read
Health

FDA’s Makary evades Covid questions, calls CDC panel a ‘kangaroo court’

In a recent interview aimed at clarifying the federal government's stance on Covid-19 vaccines, FDA Commissioner Marty Makary struggled to…

3 Min Read
logo logo
Facebook Twitter Youtube

About US

Stay informed with the latest news from Africa and around the world. Covering global politics, sports, and technology, our site delivers in-depth analysis, breaking news, and exclusive insights to keep you connected with the stories that matter most.

Top Categories
  • Africa
  • Business
  • Entertainment
  • Sports
Usefull Links
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2024 africanewsherald.com –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?