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.