A Pietermaritzburg-based forex trader has been arrested and is set to face 194 counts of fraud and theft at the Durban Specialised Commercial Crimes Court on February 26.
Prince Nkosinathi Mazibuko is alleged to have conned over 40 people an amount of up to R735,000 through his forex company Born Rich Group.
He allegedly conned victim into invest their money into his company, dating as far back as May 2015.
Police spokesperson Captain Simphiwe Mhlongo said that over 40 people had come forward alleging that Mazibuko assured a monthly return of 80% of their invested capital.
“A case of fraud was reported at Pietermaritzburg police station and the case docket was allocated to the Hawks members from Pietermaritzburg serious commercial crime investigation for a thorough investigation,” said Mhlongo.
Mazibuko will face charges of fraud, theft, the contravention of Banks Act, contravention of the Financial Institutions Act, contravention of the Financial Advisory and Intermediary Services Act.
-The Citizen
In other news – Cassper Nyovest’s baby mama Thobeka breaks social media with a bikini photo revealing her cute B00TY
Thousands if not millions of people were left drooling by a sexxy bikini snap of Mzansi rapper Cassper Nyovest‘s girlfriend and baby mama Thobeka.
Thobeka Majozi is one to always serve looks, no wonder Cassper Nyovest made her his baby mama. The Instagram Influencer and probably your favorite rich aunt as per her Instagram bio, recently gave birth to a baby boy. Learn More
The post KZN forex company director facing 194 counts of fraud appeared first on News365.co.za.
Post a Comment