Ponzi scheme
- South Africa News
More time in jail for Durban duo accused of running R180 million Ponzi scheme
The two Durban bankers, allegedly behind a multi-million rand Ponzi scheme that defrauded scores of pensioners and retirees across South…
Read More » - South Africa News
Durban bankers allegedly behind multi-million rand Ponzi Scheme in jail & awaiting bail
The long arm of the law has caught up with two high-flying Durban bankers who allegedly ran a multi-million rand…
Read More » - South Africa News
No investigation into alleged fraud against Joburg Mayor, says Financial Authority
The Financial Sector Conduct Authority (FCSA) said it has not launched an investigation into allegations of fraud levelled against Joburg…
Read More » - South Africa News
KZN man sentenced to 15 years in jail for running ponzi scheme
A 61-year-old man from KwaZulu-Natal has been sentenced to 15 years in jail for running a ponzi scheme. Yunus Moolla…
Read More » - World News
Hollywood actor Zachary Horwitz jailed for R9.8 billion movie ponzi scheme
An American actor who swindled $650 million (R9.8 billion) in a huge Hollywood ponzi scheme, using it to finance a…
Read More » - South Africa News
Durban law firm ordered to pay R7 million to Ponzi scheme victim
Durban law firm Garlick and Bousfield has been ordered to pay R7m to a former client who invested money in…
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