One of Africrypt’s biggest creditors is Juan Meyer, a former business associate turned state witness against notorious mobster Radovan Krejčíř.
Africrypt founders Raees and Ameer Cajee are being hunted by one of their major investors, Juan Meyer, a colourful character determined to track them down.
Meyer is the CEO of Aurum Wealth and chairman of Umvuzo Lifestyle Creators. Aurum was one of Africrypt’s biggest clients, with Meyer saying he had invested the equivalent of R177 million with the brothers. In a 10-page affidavit signed in 2010, Meyer alleged that Krejčíř had set him up. He also implicated Krejčíř in criminal dealings, including the bribery of the head of Gauteng crime intelligence. Krejčíř denied the allegations.
The Cajee brothers were catapulted to international infamy when Bloomberg reported that the brothers had gone missing along with $3.6 billion in crypto assets.The inexperienced crypto sleuth who was hired to investigate the scam by victims’ lawyers had traced the Bitcoin deposits made into Africrypt’s account to a wallet address that had received 69,000 bitcoins.
Meyer said he had R82 million from my personal funds and R40 million in client funds invested at Africrypt.
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