The Nam1 Saga – the dangers of Pyramid Schemes: Young people and getting rich quick

Have you ever tried to understand the “Art of Fraud”? To dabble in the AoFs is to talk big, gain emotional support through account alerts. Account alerts eliminate the judicious handling of money and propels spending, maybe reasonably.

The pressure is catching most of us. A lot of us would like to live these lavish lifestyles but can we really? The “get rich quick” spirit possessed the youth only or so we thought. Remember the Menzgold Saga?

Let us remember the Papa of the house, Nana Appiah Mensah, who was commonly recognized as NAM1. He run Menzgold, a gold dealership and investment firm guaranteeing his customers a 10 percent monthly profit on their investments. [Wikipedia]

In this day and age where we are seeing large numbers of DV registered cars, we reluctantly check if the windows are tinted, if there is loud bass music oozing out of the shut windows of the car or the tyre rims are tinted. To conclude on general bias of “it is a fraud boy”, we meticulously examine the driver of the car and the passengers too, if there are any. If they have [top] either twists, dreads, or cornrows, together with piercings and chains “giving diamond” or fake, together with [mid] oversized and weird graphics t-shirts with tattered or “tear-tear” jeans and either [bottoms] slides with socks or some sort of high-tops, then we “it is a fraud boy”.

Nana Appiah Mensah’s Menzgold business takes a Summa Cum Laude in the Arts of Fraud. It was recently reported on JoyNews that the case of the national fraud still hangs, unmoved, as there are no witnesses to testify to the epic scam of the century. JoyNews went further to interview a former customer of Menzgold, Steven Aboagye, who struggles with a threatening health condition while being suicidal after, hearing the news of his precious 100,000 cedis, luxuriously flushed down the drains of the United Arab Emirates. The scam alert.

The case of Mr. Aboagye is one of the extremes of what most of us have experienced with these “100 cedis for 600 cedis” people on Instagram, What’s App and Facebook. In his case, he may or may not receive his money but for us, “sika no, ashe”.