The Coalition of Aggrieved Customers of Menzgold (CACM) is demanding that artist Stonewbwoy be arrested and prosecuted for promoting the crypto investment SidiCoinNFT.
SidiCoinNFT is an unauthorized financial scheme that has been discovered as a fraud, according to the Aggrieved Customers.
CACM stated in a news statement that the unauthorised scheme has been organized in a similar fashion to Menzgold.
“Their legal wording, the quality of gold in the coin being provided, the guaranteed percentages of dividends, and the language of their terms and conditions skillfully informs you that this enterprise is a Nam1-made hoax,” the organization claimed.
“As a result, we are appealing on the appropriate security agencies and state authorities to investigate, arrest, and prosecute all individuals behind this sidicoinNFT and its brand ambassador Stonebwoy as soon as possible,” CACM concluded.
The organization also wants any national or business awards that the singer has received in the years after his tweets to be revoked.
This comes barely a week after Stonebwoy tweeted and introduced his fans to this new business, telling them times are changing; hence joining SidiCoinNFT will help every hardworking individual to make money.
But, moments after his tweet, he and media personality Bridget Otoo engaged in a heated verbal exchange.
Ms Otoo had advised the former against publicly endorsing investment deals after Stonebwoy introduced a non-fungible token (NFT), SidiCoinNFT.
She insisted that it would be insensitive for the dancehall musician to make a move against the backdrop of his ambassadorial role in the Menzgold saga.
Stonebwoy did not seem enthused and responded that “I think it’s very BIASED and PREJUDICED to pin the loss of lives and properties on ambassadors WHO in NO WAY RAN the said company.”
“I know people who have lost monies and others who gained, and I have personally lost very close relatives too.”
The aggrieved customers in their statement noted that they have not forgotten Stonebowy’s role in promoting Menzgold to his millions of followers.
They added that “he and others lured their followers into investing in Menzgold, which has resulted in the deaths of not less than 179 victims with many others down with various degrees of ailments”.
CACM noted that because of Stonebwoy’s huge following across social media platforms, Twitter, Facebook and Instagram, his actions and the influence he has on people should not be taken lightly.
“In other jurisdictions and given the events with what has happened to Menzgold victims, Stonebwoy, if properly pricked by his conscience, and if they have any regrets, would have been pricked to organise concerts or shows and or set up funds to assist victims of MenzGold since he and his colleague ambassadorial roles and influence in Menzgold have resulted in a national disaster,” they said.
The group also urged their members and other aggrieved customers to stay away from the financial scheme.