Family loses ¢200,000 investment in Gold Coast Fund

Mr Lamptey says his family is struggling to retrieve their investments from the company

A man who invested ¢200,000 in Gold Coast Fund Management Limited has shared his painful life-changing story with JoyNews. 

Michael Lamptey, a civil servant led his entire family to invest their life savings in the now troubled company. 

He was the first to invest ¢40,000 in the firm in 2016, and as a finance person, he was able to convince four other family members to deposit their savings – his wife, mother, mother-in-law and sister-in-law.

But for months, Gold Coast Fund Management has been struggling to pay its customers. 

The Fund Management says it’s working out a plan with Mr Lamptey after JoyNews had brought his story to its attention.


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