Mail & Guardian has detailed their investigation into what could be this country’s largest fraud scheme. Jeff Wiggill and Andy Bertulis are reportedly the men behind the fraud at First Strut which has been going on for more than two decades.
Former Fidentia head and convicted fraudster, J Arthur Brown is reported to be living in a Cape Town home worth R8 million. The house is situated in Bishopscourt and has four bedrooms. Brown has repeatedly claimed to live off the charity of friends, having “lost all” his money.
Esmere Weideman, CEO of Media24 was caught in a SIM swop scam over the weekend, in which she was robbed of R360,000. Unbeknownst to Weideman, R1,5 million was transferred from her home loan account to her cheque account by criminals who had gained access to her information via a SIM swop.
J Arthur Brown has been found guilty on two counts of fraud in the Western Cape High Court today. Brown had handed in a document last week admitting to two major charges of fraud. He faces 15 years in the big house
Life is not looking too pretty for Malema. Nothing remains of his fortune; cars, houses and cash have all been seized by authorities to pay back his Sars debt of R16 million. Malema may even loose the very cabbages that he now farms in Limpopo. This week Sars applied to the Pretoria High Court to have Malema sequestered. […]
New evidence has surfaced linking the kickbacks from a contract to provide new drivers licenses in the 1990’s to Mac Maharaj and his wife Zarina. Maharaj’s sister-in-law, Sherine Carim, can confirm a secret Swiss bank account, opened by Zarina, into which these kickbacks were paid. Thales, a multinational company wired the money to a Swiss […]
Another debit order scam has been recognised after many bank account users, across all banks, have noticed that amounts of money have been disappearing from their accounts in the last few weeks. The offending company is a fictitious holiday company called “SA Holidays,” deducting up to R399 per month from innocent citizens.
Over the past few weeks we’ve brought you several reports regarding the increasingly worrisome LIBOR scandal. The investigation into interest rate-rigging debacle is quickly snowballing and analysts have now begun wondering if “16 of the world’s largest banks have perpetrated the biggest fraud in history.”
Thys Burger, a former springbok rugby player, has been caught out with his hands dirty after it was unveiled that he has been scamming charities out of money. Burger, who was capped at Number 8 three times in the 80’s, is also the father of former Cheetah players and current Blitzbokke player, Philip Burger.
In an effort to increase awareness around debit and credit card safety, Visa and First National Bank (FNB) have teamed up to highlight the importance of card security to better educate consumers and protect them against fraud. Through an annual campaign running this year from the 13 – 16 March 2012, the Visa FNB Card […]