Retired woman’s urgent court action follows after R500 000 was ‘wiped out’.
A Banxso victim has filed an urgent liquidation application against the company, alleging it is a “criminal enterprise” that cost her R500 000 in savings.
The FSCA warned the public in December last year against doing business with Immediate Matrix. Banxso has denied any links and states it received referrals from Immediate Matrix after being the victim of hackers who wanted to harm Banxso’s reputation. Based on the success of this “investment”, Wentzel told Hoffman that she wished to make an additional deposit of R30 000.
“I clearly communicated to David that this formed part of my retirement savings. He assured me that should any losses be incurred, it will not exceed R1 000.” Wentzel complained to Banxso’s complaints department, after which she received another call from Hoffman. “He said that if I invest a further R500 000, Banxso would also put in a further R450 000. I realised something sinister was going on, and I told David that I was going to see an attorney. To date, I have not received any further advice from Banxso.
Hendrik Theron of Hanekom Attorneys, representing Banxso, stated in a response to questions: “The liquidation application was received after hours on Friday afternoon, 25 October 2024. Our team is currently traversing the content of the voluminous application and will, in due course, file answering papers. As such, we are otherwise occupied, and trust that you are able to obtain these papers from the sources who have kept you abreast of it having been launched in the first place.
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