Ponzi Scheme? Former SA Cricketer Sued for R3.3m Profits

Ponzi scheme? Former SA cricketer sued for R3.3m profits

Former Proteas star Albie Morkel has reportedly been sued for profits of R3.3 million by the liquidators of companies that operated as an alleged Ponzi scheme. ALBIE MORKEL REPORTEDLY SUED FOR PROFITS OF R3.3 MILLION Former South African cricketer Albie Morkel, who played for the South African national team, is reportedly being sued for R3.3 million by the liquidators of companies that operated as an alleged Ponzi scheme run by Pretoria business…

Former Proteas star must pay back millions from fake property scheme

By Dylan Bettencourt Scheme operator Nico le Roux promised investors up to 30% returns but never bought or sold property with their money. Albie Morkel invested R350,000 in IPG Properties and got back R3.6-million. Liquidators say he must now repay the R3.3-million difference. Former Proteas cricketer Albie Morkel could be forced to repay R3.3-million after liquidators took him to court over money he received from a Ponzi scheme. Morkel invest…

Former Proteas Cricket Star Sued Over Involvement In Ponzi Scheme Run Through Church Camps

[Image: X] Former Proteas cricketer Albie Morkel is being sued for R3.3 million by the liquidators of companies that operated as an alleged Ponzi scheme run by Pretoria businessman Nico le Roux. Morkel allegedly invested R350 000 in IPG Main Sales, one of two companies run by Le Roux as part of the scheme. Morkel allegedly received 10 payments totalling R3.6 million. Liquidators are suing the ex-Protea for R3.3 million, which is the net profit h…