South Africa: Alleged International Scam Syndicate Members Arrested

South Africa: Alleged International Scam Syndicate Members Arrested

[SAnews.gov.za] Some 23 suspected members of an alleged R1 billion international scam syndicate have appeared in the Johannesburg Commercial Crimes Court on charges of contravention of the Financial Advisory and Intermediary Services Act (FAIS Act).

Multibillion-rand global scam syndicate accused to remain behind bars

Twenty-three members of an alleged international scam syndicate who swindled international victims of more than R1 billion will remain behind bars until their next court appearance. The members of the alleged international scam syndicate appeared in the Johannesburg Commercial Crimes Court on Wednesday. Arrest They are facing charges of contravention of the Financial Advisory and Intermediary Services Act (FAIS Act). The suspects were arrested o…

16-year-old among 217 suspects under probe for scams totalling over $7.67m

A 16-year-old and an 83-year-old are among 217 people assisting in police investigations for their alleged involvement as scammers or money mules, where victims reportedly lost more than $7.67 million.Officers from the Commercial Affairs Department and the seven police land divisions conducted a nearly two week-long operation between Jan 16 and 29, said the police on Friday (Jan 30).A total...

South African Police Arrest Dozens in Major Investment Scam Crackdown

South African police arrested six suspected investment scammers and 25 call center agents in Johannesburg on Tuesday as part of a large-scale operation targeting financial fraud.

South Africa cracks down on investment scams

The authorities have arrested and charged several people suspected of involvement in fraudulent schemesSix suspected investment scammers, along with 25 call center agents, were arrested on Tuesday in Johannesburg during a major crackdown by South African police.They have been charged with contravening the Financial Advisory and Intermediary Services Act. The suspects, aged between 38 and

Joburg investment scammers to return to court next week

By Thapelo Molefe Members of an alleged international investment scam syndicate will return to the Johannesburg Commercial Crime Court next week Wednesday after being accused of swindling more than R1 billion from victims across four countries through illegal call centre operations, based in Gauteng. The accused appeared in court this week on charges of contravening the Financial Advisory and Intermediary Services Act following their arrest on T…