Forex trader bailed GH¢5 million for stealing, fraud
Judge Samuel Bright Acquah, presiding over the case, set Boateng’s next court date as February 5, 2025.
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The Accra Circuit Court Nine has granted bail of GH¢5 million to Benjamin Appiah Boateng, a forex trader accused of fraud and theft. As part of his bail conditions, he must provide four sureties, one of whom must be justified, and surrender his travel documents to the court registry.
Judge Samuel Bright Acquah, presiding over the case, set Boateng’s next court date as February 5, 2025.
According to the prosecution, Boateng is alleged to have defrauded two individuals—Berry Kwadwo Agyapong and David Burke—of $300,000 and GH¢10,445,000, respectively. The funds were reportedly collected under the pretense of investing in cryptocurrency platforms, specifically USDT and Binance.
Police Chief Inspector Jonas Lawyer stated that Agyapong, a business consultant, initially invested $300,000 with Boateng and later introduced Burke, a businessman, to him. Based on Agyapong’s trust in Boateng, Burke made an initial investment of GH¢555,000, later increasing his total investment to GH¢9,890,000.
Boateng allegedly assured the two investors that their funds were yielding profits, with regular dividend payments being made. However, on December 14, 2024, when Burke attempted to withdraw both his investment and expected returns, Boateng reportedly stopped responding to his calls.
Burke, growing suspicious, contacted Agyapong, who also tried unsuccessfully to reach Boateng. Shortly after, Boateng allegedly sent a WhatsApp voice message and a note, claiming that he had lost all the investments through online gambling on a platform called “Stake.”
Following this revelation, the victims filed a police complaint, leading to Boateng’s arrest. During interrogation, he is said to have admitted to the allegations.