A Western Cape man who allegedly ran a pyramid scheme is expected to appear in the Bellville Specialised Commercial Crime Court after he was served with court summons on Monday.
The 66-year-old alleged fraudster was served with the summons by the Directorate for Priority Crime Investigation .
She said it is alleged that during the period of September 17, 2015 and May 30, 2018, the suspect solicited funds from members of the public on a regular basis. According to the investigation conducted by the Hawks’ Serious Commercial Crime Investigation team, it was stated the invested funds would allegedly yield guaranteed monthly returns of approximately 4% to investors.
In a separate incident, attorney Wharren Jacobus Fortuin, 41, was sentenced to nine years imprisonment for theft of just over R1 million from a trust account.
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