An estimated $400,000 (Ghs6,000,000) is lost by Ghanaians as a result of the Pacminer investment fraud.
It is Christmas, and there is joy in the air, but an estimated 800,000 Ghanaians have lost a projected $400,000 to Pacminer’s digital investment that turned out to be a scam. On Pacminer, a dollar is valued at GHS15.00. The investment lost is worth GHS6,000,000.
The news about Pacminer is not entirely bad. Others invested, cashed out and used the funds to buy other assests while others had their funds taken away.
Investors expected to withdraw their earnings from the investment app on December 25 but were told the fund could not be processed because payments were not made. After all, the owners argued it was a Christmas break.
About four days after the painful exit of Pacminer, they introduced a new investment called the Pac Fund.
If you invest $400.00, you earn $2000 in five days, resulting in a return of $400 each day for five days. This new investment came with a red flag rule, which many investors never saw. Pacminer required all who wanted to invest to recharge or deposit new funds to buy this investment. Even if you had earnings in your account, you could not use it. This compelled those who had earned earlier to deposit their earnings to buy the new investment.
Those who invested in Pacminer were reassured that cashouts would go through on December 27, 2023. At the time of this publication, not a single investor got his or her principal or profits from the digital currency investment scheme.
Lost investments and returns per investor range from $20 to over $3000. On average, the 800,000 who registered with Pacminer invested at least $50 each. However, some individual Pacminer investors invested not less than $3000.
There have been warnings on YouTube and other social media platforms regarding the risks associated with Pacminer; however, Pacminer convinced all who joined that it was not a scam.
The company has, since the late hours of December 26th, not communicated any message to those who put their money into the investment.
Now that an estimated $400,000 (GHS6,000,000) has been lost to the Pacminer Investment Scam by Ghanaians, the big question is: will we be extra careful in the future?