A man is in custody after appearing before an Accra Circuit Court. He is accused of being involved in a Ponzi scheme.

Prosecutors told the court that the accused defrauded investors. The total amount involved has not yet been stated.

The court heard the case on Tuesday. Judges decided to keep the man in custody.

His legal team was present during the hearing.

The court scheduled the next hearing for next week. More details are expected to be presented.

Investigations into the alleged scheme are ongoing. Authorities are working to uncover the full extent of the operation.

Such schemes promise high returns but often collapse, leaving investors with losses.

The Judicial Service will manage the case as it proceeds.