The Accra High Court has sentenced Reverend Edward Asamoah Buabeng, Chief Executive Officer of the defunct Career Link Marketers Company Limited, to a cumulative 519 years in prison for fraud-related offences.
The judgment, delivered by Her Ladyship Justice Evelyn Asamoah, brings to an end a three-year trial during which the prosecution called 12 witnesses.
Reverend Buabeng was convicted on 173 counts of conspiracy to commit a crime and defrauding by false pretences.
In sentencing, the court imposed an eight-year prison term for each of the 173 counts.
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However, the sentences are to run concurrently, meaning the convict will effectively serve an eight-year jail term.
Police investigations established that Reverend Buabeng went into hiding after receiving substantial investments from victims.
The total amount involved was approximately GH¢1,193,136 and US$185,408, collected from multiple complainants under false investment promises.
According to a report by The Chronicle newspaper, the sentencing took place on Monday, January 16, 2023, following the court’s finding that the accused deliberately deceived investors through his company.
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The ruling underscores the judiciary’s stance against financial crimes and investment fraud in Ghana.