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I’ve lost everything, I don’t even own a car – NAM 1 cries

The Chief Executive Officer of the defunct Menzgold, Nana Appiah Mensah aka Nam 1, has claimed that he is the largest loser in the matter, despite the fact that those who lost money as a result of his alleged Ponzi Scheme continue to seek justice for their losses.

On Sunday, July 20, 2023, NAM 1 remarked on a Twitter space that the failure of his firm had caused him the most damage because he no longer had any property to his name.

“If you want to crown the biggest loser in all of this thing, I am the one, because I lost everything: I lost all my properties and I don’t even have a car of my own in this country,” he stated.

The Chief Executive Officer of the bankrupt Menzgold, Nana Appiah Mensah aka NAM1, has referred to himself as the largest in the entire incident even as victims of his alleged Ponzi Scheme continue to seek justice for their lost cash.

On Sunday, August 20, 2023, NAM1 wrote on a Twitter space that the failure of his firm had caused him the most damage because he no longer had any property to his name.

I’ve lost everything, I don’t even own a car – NAM 1 cries

“If you want to crown the biggest loser in all of this thing, I am the one, because I lost everything: I lost all my properties and I don’t even have a car of my own in this country,” he stated.

The beleaguered CEO was responding to comments made by some of his clients on the Twitter platform on the decision to charge them GHC 650 for verification before paying them their locked-up funds.

Among other things, the dissatisfied clients called Nana Appiah Mensah a gas burner, uncaring, and lacking in empathy.

The Securities and Exchange Commission shut down Menzgold in September 2008.

Prior to its demise, the gold dealership company was operating an investment program that offered its clients returns of between 7 and 10 percent per month.

Menzgold was allegedly operating illegally, according the SEC.

NAM1 has been charged with crimes after the company’s demise, but detractors claim that his trial, which has not yet begun in full, has gone on for far too long.

Akosua Boatemaa

I'm Yours Truly, Blogger Akosua Boatemaa. I'm here to feed Your eyes and Ears with Authentic News Updates.

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