Fraudster sentenced 19 years for investment scam

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Fraudster Abert David Titus was sentenced to 19 years for running a fake investment scheme. He scammed 12 victims out of R900,000.

investment scheme fraudster was sentenced to 19 years imprisonment by the Ficksburg Specialised Commercial Crimes Court for fraud and money laundering.

Between April 2020 and March 2021, Titus operated a bogus investment scheme that promised people high results if they invested in his company.) spokesperson Lieutenant Colonel Zweli Mohobeleli, 12 victims invested a cumulative R900 000 with Titus, who had promised a 20% monthly interest for investing on their behalf.

Titus appeared in the Ladybrand Magistrates’ Court, and he was released on bail until the finalisation of the matter.

 

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