Audio By Carbonatix
The Accra Circuit Court Nine has granted a GH¢5 million bail with four sureties to Benjamin Appiah Boateng, a forex trader, who faces charges of fraud and theft.
The court presided over by Samuel Bright Acquah, also ordered that one of the sureties be justified and that Boateng deposit his travel documents with the court’s registry.
He is scheduled to appear in court again on February 5, 2025.
Boateng is accused of defrauding two individuals, Berry Kwadwo Agyapong and David Burke, of $300,000 and GH¢10,445,000 respectively through fraudulent online investments in UDST and Binance cryptocurrency platforms.
Police Chief Inspector Jonas Lawyer told the court that Boateng took the money from the two complainants under the pretence of investing it in the online platforms.
Agyapong, a business consultant, had already invested $300,000 before introducing Boateng to Burke, a businessman.
Burke, convinced by Agyapong’s endorsement, invested GH¢555,000 initially and later added GH¢9,890,000 to increase his investment.
Boateng assured both complainants that the investments were performing well, with dividends being paid.
However, when Burke requested to withdraw his investment and any dividends on December 14, 2024, Boateng stopped responding to calls.
Burke then contacted Agyapong, who also tried reaching Boateng.
In response, Boateng allegedly sent a WhatsApp voice note and a supposed suicide note, claiming that he had lost all the investments through online gambling on the platform “Stake.”
This prompted the complainants to report the matter to the police, leading to Boateng’s arrest.
He admitted to the offences during questioning.
Latest Stories
-
Precision strikes hit terrorist targets as Nigeria, U.S. strengthen security cooperation
8 minutes -
Press Freedom questioned after High Court ruling
25 minutes -
TMPC urges caution and vigilance in use of traditional and alternative medicine
28 minutes -
Ada PWDs boycott Assembly disbursement over procurement concerns
36 minutes -
Christmas surge in ride-hailing fares hits consumers
50 minutes -
Joy FM Party in the Park kicks off today at Aburi Botanical Gardens
1 hour -
How a new who declaration could change traditional medicine
1 hour -
Evidence shows Ghana needs an independent prosecutorial system – Prof H. Kwasi Prempeh
1 hour -
Selective justice is destroying trust in Ghana’s anti-corruption system – Prof H. Kwasi Prempeh
2 hours -
Politician Attorney General model is broken and no longer credible – Constitution Review Chair
2 hours -
Indonesians raise white flags as anger grows over slow flood aid
3 hours -
Why passport stamps may be a thing of the past
3 hours -
Pope Leo urges ‘courage’ to end Ukraine war in first Christmas address
3 hours -
Commentary on Noah Adamtey v Attorney General: A constitutional challenge to Office of Special Prosecutor
3 hours -
Ghana’s democratic debate is too insular and afraid of change – Constitution Review Chair
3 hours
