Attorneys' scammed clients paid out
2012-12-09 16:21
Johannesburg - More than R100m has been paid out to clients who were cheated by their attorneys between January and October this year, the Sunday Independent reported.
"For 10 months of 2012, we have already paid R104m, and it's going up," Motlatsi Molefe, CEO of the Attorneys' Fidelity Fund, told the newspaper.
If this trend continued, the fund could pay out as much as R150m by the end of the year, he said.
Molefe said the fund was concerned by the increasing number of claims resulting from money disappearing from attorneys' trust accounts.
Bridging conveyance funds related to property transactions were most often stolen, followed by Road Accident Fund claims and deceased estates.
As a result, the fund had now set up a forensic unit to investigate, the newspaper reported.
- SAPA
