Almost R100,000 lost in Mpumalanga scam

South Africa News News

Almost R100,000 lost in Mpumalanga scam
South Africa Latest News,South Africa Headlines
  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 75%

Pyramid scams involve multilevel recruiting that leave those at the bottom out of pocket after having bought into a product or investment

The hooks of quick money are sharp and authorities have warned against taking easy bait.

Unsolicited offers, text messages from unknown numbers and the incentive to recruit others are all big red flags, police have said.The three women from Kamhlushwa near Tonga aged between 26 and 51 fell victim to a suspected pyramid scheme that police believe is growing in the province. “A few days later, they came to realize that the application was no longer active. They went to the bank to enquire about the account and learned that the account was blocked,”Police have asked potential scam victims to report the information they have, ensuring that such material can be shared anonymously.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheCitizen_News /  🏆 6. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mpumalanga man fined R10,000 for vehicle finance fraud worth over R570,000After getting the car, the 40-year-old man failed to pay monthly instalments and when the bank tried to locate him, he could not be found.
Read more »

Woman found guilty of defrauding Sassa of more than R100,000Woman found guilty of defrauding Sassa of more than R100,000The court found her guilty on charges of perjury, fraud and theft after she defrauded SASSA pension payouts
Read more »

Scammers are charging people R100,000 to secure subsidized government housesNo private organisation has the authority or mandate to facilitate a home application on behalf of government
Read more »

Kagiso school wins big at Samsung's Solve for Tomorrow competitionKagiso school wins big at Samsung's Solve for Tomorrow competitionThe winners received R100 000 for their automated hydroponic prototype.
Read more »

Mpumalanga government fails to meet 10 000 job creation targetMpumalanga government fails to meet 10 000 job creation targetMpumalanga's job creation stalls due to budgeting errors and delays, says auditor-general, with R11 billion in irregular expenditure.
Read more »

TEMU Affiliate Program 2024: Earn up to R2 000 000 a month!TEMU Affiliate Program 2024: Earn up to R2 000 000 a month!The online shopping site's affiliate program offers a simple and transparent commission policy
Read more »



Render Time: 2025-02-19 18:23:55