The conman who duped thousands with a patently absurd story

In the early months of 1981, investors in a Swiss fund stuffed with cash, diamonds and gold began arriving at a five-star London hotel to await an audience with the fiscal wizard making them fabulously rich. Dr John Ackah Blay-Miezah would turn up in his grey chauffeur-driven Rolls-Royce, clad in an immaculately tailored suit and clasping a big cigar in bejewelled hands. Then he would regale them with tales from his student days at the University of Pennsylvania, even singing the famous Penn fight song, and talk of developing Ghana using wealth plundered by his close friend Kwame Nkrumah, the country’s first post-independence president.

Among the crowd was Barry Ginsberg, an American lawyer who originally put $5,000 in the fund on a promise of returns ten times higher. These failed to materialise, but he kept on investing and persuaded friends, his father and other family members to follow suit.