Pyramid scheme court case postponed

2010-07-27 13:15

Pre-sentencing of the family accused of swindling about R1.5 billion from thousands of investors in pyramid scheme Krion was postponed in the Pretoria High Court today.

Judge Cynthia Pretorius postponed the matter until October 4 as psychologist reports for five of the six accused had not been completed.

However, Pretorius was strict that pre-sentencing would not be delayed further and was set down for two weeks.

Yesterday, the court heard that Krion mastermind and family matriarch Marietjie Prinsloo had still not taken responsibility for her crimes.

While Prinsloo felt remorse that so many people had lost their money, she felt she had done nothing wrong, clinical psychologist Franco Visser said.

“She feels very strongly about the view that she did not intend to misuse other people’s money... she did not want or intend to break the law.”

He said Prinsloo felt that had the trade and industry department and auditing firm PricewaterhouseCoopers not interfered and closed the business down, she would have succeeded in turning it around.

Visser told the court Prinsloo did not present herself as someone who would break the law again, and it had to be taken into account she was the parent of an adopted minor.

Social worker Erna Pieterse said the son, aged 15, was not passing at school and hanging around with the wrong friends, and should Prinsloo be jailed his biological father may not be able to look after him.

This would mean he would have to go to an orphanage.

Prinsloo was found guilty in June on 122 000 charges including racketeering, money laundering and fraud.

Her adult son Willem Pelser, her daughter Yolanda Renstra and her husband Gerrit, her niece Izabel Engelbrecht and her husband Hendrick, were also convicted on thousands of charges.

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