Close to 800,000 Ghanaians have reportedly fallen victim to a scam orchestrated by Pacminer, with others losing over GHS90,000.
Pacminer is an online investment company that attracted investors by offering cloud computing capacity for mining digital currencies.
Many Ghanaians, seeking to tap into the lucrative world of cryptocurrency mining, eagerly purchased the promised mining machines.
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The modus operandi of Pacminer was simple: investors only needed to purchase a machine and activate it daily, claiming that their funds were being used for mining operations.
However, as the truth began to unfold, it became apparent that Pacminer’s promises were nothing more than a facade.
To the dismay of investors, attempts to withdraw funds from Pacminer accounts proved unsuccessful, leaving countless individuals in a state of despair.
Furthermore, the primary administrators of Pacminer and the official WhatsApp groups have gone silent since the early hours of December 26th, exacerbating the investors’ concerns.
Not only are individual investors suffering substantial financial losses, but even those who took on administrative roles within Pacminer have been denied the opportunity to withdraw their profits.
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Serious suspicions began to arise between December 24th and 27th when Pacminer users experienced delays in cashing out their earnings.
The excuse given by the company was that the Telcos (MTN and VODAFONE) did not process payments on holidays. Yet, it soon became clear that this explanation was just a ruse to buy time.
During regular evening meetings, Pacminer introduced the Abisbank app as a solution to the payment delays. Excitement surrounded this purported solution, leading many investors to download and install the app without hesitation.
Sadly, it turned out to be a highly invasive program that granted access to users’ personal data, further compounding the victims’ misery.
By December 27th, the fears of more than 800,000 Pacminer investors were validated. The company vanished into thin air, taking with it millions of cedis in investments.
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These losses include corporate capital, education fees, loans, and funds held in trust for others.
While some investors initially profited from Pacminer, many latecomers find themselves counting these substantial losses.
