Treasury warns against scam in name of deputy finance minister Masondo | IOL News

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The Ministry of Finance has warned of a scam being purported in the name of Deputy Minister of Finance Dr David Masondo.

In a statement from national treasury, it warns against the scam being run on various platforms, promising people funding for their businesses.

"The Deputy Minister of Finance would like to alert the public that he and the Ministry would never approach people and offer them financial assistance of any kind. "In most instances, those that fall for these scams, end up being requested to later pay thousands of rand beforeThe ministry reiterated that such scams can only succeed to the extent that members of the public have an unquenchable thirst for easy wealth.- If an organisation already has all of your personal details, they will not request you to re-confirm those details

- The e-mail requestor always requests for bank account information, credit card numbers, driver’s licence number, passport number, information about members of your family, and other personal information - The e-mail or SMS advises that you have won a prize – even though you are not aware of having entered any competition run by the prize promoters

 

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Deputy minister of finance warns of online funding scamThe ministry of finance has warned of an online scam where funding for businesses is allegedly offered by deputy finance minister David Masondo.
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