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Alleged Investment Fraudster Arrested For R3 Million Scam


 Siphephelo Hopeful Zondi aged 22 years old has appeared before Pinetown Magistrate’s Court today facing accusations of fraud worth to R3 million. The accused was apprehended on Wednesday 3 November 2021 by Hawks, he was appearing at the Pinetown magestrate court for an unrelated crime then got arrested during that time. It has been discovered that between 2019 and 2020, three men scammed a community in Kuruman and made them invest their cash into a company called Value Fix and were promised that they will get a return of 100%.

The scammers made sure that they paid back some investors part of their investment so that they can encourage them to invest more which they did, because they were told that they should reinvest their profits so that they will get more return but unfortunately the company was just relocated without the knowledge of the investors. Afterwards none of the investors got their dividends as promised, this was when the investors got worried and ended up having to report to the police after trying to reach out to the scammers but had no luck.

There are still more arrests that are going to be done by police, but for now they are still dealing with their suspect that they have already arrested who is going to remain in prison and reappear in court on Monday 8 November 2021. This should be a lesson to many community members not to just invest in companies that they are not sure of, before investing you should make sure that the company is registered because the fact that the company has a building does not mean that it can be trusted. There are many fly by night building in South Africa and there is or even doubt that even some children do not get certificates after their metric because their schools would not be registered, meaning they will be just learning but their marks and everything else won’t even be reaching the Department of Education.

Content created and supplied by: RSA_News (via Opera News )

Kuruman NORTHERN Pinetown Siphephelo Zondi


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