Fraudster sentenced 19 years for investment scam

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

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.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 6. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين