Ponzi master minds arrested

2017-07-27 06:00

A couple behind a R278m Ponzi scheme has been convicted for fraud, the Hawks said on Monday.

Graeme Minne, 54, and his wife Carolina Frederika Minne, 52, are expected to be sentenced on September 21 after they were convicted at the Thembalethu Regional Court last Tuesday for fraud related to running the multi-million scheme.

Captain Lloyd Ramovha said the couple duped unsuspecting victims into investing funds ranging from a minimum of R100 000, with promises of higher than usual returns on Forex trading between September 2002 and November 2009.

“The Hawks’ serious commercial crime unit’s relentless investigations put a stop to the duo’s lavish lifestyle and arrested them in 2009 culminating in this conviction. They remain out on R50 000 bail each.-News24

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Busi and the BLF coverup

2017-09-24 06:05

Inside News24

 
Watch: Investing in the future through child development

An investment of R32-million into 11 early childhood development centres is changing the future for children in the Northern Cape.

/Africa
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.