Three Eastern Cape company directors charged with running R1.2m pyramid scheme | News24

  • 📰 News24
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Three Eastern Cape company directors have appeared in court on charges of running a pyramid scheme, the Hawks say. | nickymccain

The Hawks have arrested more senior government officials who are allegedly linked to fraudulent activities.They allegedly ran a pyramid scheme that brought them R1.2 million.Three company directors have appeared in court for allegedly running a pyramid scheme, through which they allegedly made off with R1.2 million.

Hawks spokesperson Captain Yolisa Mgolodela said they were arrested on the same day by the East London Serious Commercial Crime Investigation team of the Hawks on charges of fraud.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines