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
SHARE:

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

 
/Sport
 

Watch: 2015 Absa Cape Epic route

The route of the 2015 Absa Cape Epic has been announced and it promises to be as challenging as ever!

 
 

Where were you when you last felt alive?

4 exercise excuses and how to beat them
Watch: Insane road bike skills!
The most extreme journey ever?
Red Bull Lionheart trail run - not for the fainthearted!

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Save up to R1000 on Hisense smartphones!

View the large range of Hisense smartphones. Buy today and save up to R1000!

Deal of the week!

Save R1200 on the Samsung 48” smart full HD LED television now only R8799. Buy now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

Mind blowing prices – As seen on TV

Get mind blowing prices on 1000’s of products! Shop now.

Save 20% on Nivea beauty products!

Buy any two Nivea beauty products and save 20%. 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

Horoscopes
Aquarius
Aquarius

There is a strong desire to be self sufficient, right and in control today. There is a tendency to hold on too tightly to your...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.