South Africa: The US Is Tightening Its Case Against a South African Pastor Involved in a Multimillion-Dollar Investment Scam

  • 📰 allafrica
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

U.S. Is Tightening Its Case Against a Pastor Involved in a Multimillion-Dollar Investment Scam: SouthAfrica

Two of three accused have been convicted in the US in a Ponzi scheme case involving"pastors" running a multimillion-dollar investment scam and pocketing money. Their convictions are turning the heat up on the third accused, who is in South Africa.

But several investors later lost their money - and some of it was allegedly used on personal private jet trips and to keep the investment company, which US authorities have labelled a $28-million Ponzi-type scheme, going.

 

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:

 /  🏆 1. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines