Pyramid: Bhengu back in business

2011-03-31 00:00

THE Kutuku Multi Sales and Construction pyramid scheme seems to be trying to attract more clients, after a month of mishaps.

Thandi Bhengu, a government employee who runs the pyramid scheme, held a meeting with her investors at the St Peter’s Church at Langalibalele Street during lunch hour in Pietermaritzburg one day last week.

Bhengu is a chief accounting clerk in the provincial Education Department. She gave investors pamphlets with new dates of payments and promised they will receive their returns by April.

Clinton Moodley (38), who invested R5 000 in the scheme said he does not think that he will get his money back, and technically Kutuku owes him a return of R19 000.

Moodley lives in a low-cost house in Copesville and supports both his parents who are in their 60s. “I used my December bonuses to invest and I’d really appreciate it if I can get my R5 000 back. Bhengu asked investors to recruit new members to the scheme and allegedly told them that an investor who brings 30 new investors will get a laptop.”

Bhengu belatedly told investors who have benefited that they will not get anything again — regardless of the fact that they re-invested. She has not answered The Witness’ questions, and it is not clear how her scheme avoided being illegal in terms of the 1999 amendments to the Harmful Business Practices Act.

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