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It is emerging that Alexander Gyan, the current District Chief Executive (DCE) for Kintampo South, who was part of the Ponzi scheme called “God Is Love” was given his position because he bankrolled the ruling party in the 2016 elections.
Reliable sources say that Gyan helped Akufo-Addo’s presidential campaign with a whopping GHc400, 000 that was paid in three tranches. The Money was reportedly received by the Akufo-Addo campaign head- Peter MacManu.
The source who spoke to WhatsUp News revealed that the first tranche GHc161,000 had been received by McManu in Akufo-Addo’s home at Nima while the remaining two tranches had been paid at Nana’s campaign office.
With Alexander Gyan being the Managing Director of God is Love Fun Club at the time that he allegedly paid the monies to Nana’s campaign, it is suspected that the money had come from that scam.
God is Love was one of several Ponzi schemes that had skimmed unsuspecting customers of huge sums of money in the Brong Ahafo Region under the disguise of investing the monies for multiple returns.
It is in the same bracket with DKM Microfinance, Little Drops Financial Services, Jaster Motors and Investment Limited and Care for Humanity Fun Club. They took deposits from clients with the promise of huge returns only for depositors to end up getting back neither the returns nor the principals deposited.
Distraught customers of the Ponzi schemes vented their frustrations on the NDC government at the time with the ruling New Patriotic Party (NPP) which was then in opposition promising to repay the lost investment sums of victims.
At the last check, the government claims it had paid off over 90% of the locked funds of DKM and God is Love investors.
However, after Akufo-Addo was sworn in as President in January 2017, he made Alexander Gyan, the God is Love Ponzi Scheme MD, an appointee of his government. Mr. Gyan has since been the District Chief Executive (DCE) for Kintampo South.
Meanwhile, critics are questioning the double standards of the ruling government in the strict crack-down on Menzgold, another alleged Ponzi scheme. The government has vowed not to pay customers of Menzgold, as Finance Minister blame their predicament on greed.
Source: Whatsup News