PNG CON MAN ON THE RUN AGAIN

Editorial

PNG Post-Courier

PORT MORESBY, Papua New Guinea (Nov. 1) – The architect of the most infamous fast money scheme in recent Papua New Guinea history is now on the run.

Noah Musingku has been on the run from law officers for several years since he failed to appear before a court over charges relating to the U-Vistract money scheme.

Now it seems the long-suffering, blindly patient followers of his scheme are realizing that something is wrong. Mr. Musingku has moved out of his longtime sanctuary [in Bougainville] and is trying to avoid answering the many investors who want to know when they will get the huge dividends promised for so long.

It is so sad, so predictably sad that they will not get their "dividends’’ or even the original money they invested with U-Vistract.

Gone are the days of the scheme’s principals swaggering around top hotels in Port Moresby with bodyguards at their shoulders. Left with their dreams of instant riches are the rank and file and the professionals who swallowed the vast promises and kept on going back for more and more promises.

We don’t know if Mr. Musingku will come out and dazzle the investors yet again or if they will stop believing and start demanding money up front. If that happens, the "architect’’ may find his dream coming to a sudden and sharp end.

November 2, 2005

Papua New Guinea Post-Courier: www.postcourier.com.pg/

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