Communications Analyst and Influencer, Samuel Boateng Osarfo has raised fresh concerns over rising cases of investment fraud, citing massive losses reported by the Securities and Exchange Commission last month.
Despite repeated warnings, many Ghanaians continue to fall victim to schemes such as CPWC and Yepbit. Mr. Osarfo noted that these platforms have successfully recruited influencers to promote their operations, leading to widespread losses. He highlighted how victims are now being asked to pay additional percentages, 25% for CPWC to recover funds and 20% for Yepbit ,with delayed payment schedules.
The post criticised the recruitment model, which relies on new investors to sustain returns for earlier participants. Osarfo described such structures as classic signs of fraudulent pyramid schemes disguised as legitimate investments. He expressed surprise that even educated professionals and bankers have been duped, questioning the level of financial literacy and critical thinking in investment decisions. The schemes continue to thrive by turning participants into brand ambassadors who ignore red flags.
Mr. Osarfo urged regulators to scrutinise influencers who endorse these platforms, arguing they cause significant harm by lending credibility. He emphasised that any investment tying returns to recruitment of new members should be avoided entirely. The warning comes as public frustration grows over the inability of authorities to curb these operations swiftly. Financial experts recommend thorough due diligence and reliance on licensed institutions for investments.
If you remember nothing else from this post, remember this: any investment that ties investors’ returns or dividends to the number of new investors they recruit is a fraudulent scheme. Its core mechanism is turning initial investors into forced brand ambassadors, people who must then ensure their recruits never encounter content warning them away from the scheme, ”he added.