Former prison warder jailed for fraud

2010-11-16 21:41

Cape Town - A former Pollsmoor Prison warder was effectively jailed for nine years on Tuesday on multiple fraud charges.

Carl Haggard, 47, pleaded guilty to 73 counts of fraud involving R11 222 900, and contraventions of the Banks Act, as well as legislation pertaining to financial services.

The proceedings, in the Bellville Specialised Commercial Crime Court, took the form of a plea-bargain agreement betweem the Western Cape Specialised Commercial Crime Unit head Malini Govender, and defence attorney Riaan Nabal.

According to the plea-bargain document, Haggard obtained a paraffin distribution licence from the Total Oil Company, to distribute paraffin in townships and rural towns.

As the business grew, a Total representative provided Haggard with a 2000 litre paraffin tank with pump and meter, which enabled Haggard to extend the business to the Tulbach, Wolsley, De Doorns, Touwsrivier, Maatjiesfontein, Ashton, Bonnievale and Villiersdorp areas.

Ostensibly to finance the bulk purchase of paraffin, Haggard started the investment scheme, offering monthly interest of between R5 000 and R10 000 on R100 000 investments.

He also undertook to pay investor's taxes levied on their monthly returns.

According to the plea bargain document, Haggard used new investments to pay the interest on older investments, but never intended to use the money invested for the purchase of paraffin.

Haggard admitted that the scam involved dishonesty, breaches of trust with the investors and careful planning.

According to the document, Haggard was a prison warder from May 1984 to June 1986.

He is unable to repay the investors, the document said.

- SAPA

NEXT ON NEWS24X

Boys, 6, die in hit-and-run

2014-04-19 22:37

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
 

'Zuma's legacy will be judged by Nkandla'

The legacy of President Jacob Zuma is contingent on how he deals with the issue of upgrades to his Nkandla homestead, says Cape Town Archbishop Thabo Makgoba.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters
 
Traffic
Lottery
 
  • Thursday Sir Lowry's Pass - 05:35 AM
    Road name: Old Sir Lowrys Pass Road
    TRAFFIC LIGHTS not working at Bezweni Road
  • Thursday Cape Town - 05:35 AM
    Road name: Buitengracht Street
    TRAFFIC LIGHTS not working at Waterkant Street
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

BlackBerry Curve 8520

Wi-Fi enabled With the BlackBerry Curve 8520 connect to your home...

From R1100.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may be good at organising events but they do take their toll on your energy levels. You may need some time out today just to...read more

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.