Durban accountant jailed for fraud

2014-09-09 20:44

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Johannesburg - An accountant has been sentenced to five years in prison for fraud by the Durban Specialised Commercial Crimes Court, the NPA said on Tuesday.

Anthony Ian Marais, 39, ran an accounting practice in La Lucia, Durban North, where clients gave him money to either invest or kept in a trust, National Prosecuting Authority regional spokesperson Natasha Kara said in a statement.

"He used these funds for his personal gain under the pretence that the money would be secure. To date no money has been returned to the complainants."

One victim, an 85-year-old man, handed over his life savings to Marais who told him the money would be invested.

Marais' lawyer sought to appeal against his conviction, but this was dismissed.

"The National Prosecuting Authority welcomes the sentence," Kara said.

"It believes that it will serve as deterrent to like-minded people with intentions to defraud the most vulnerable of our society of their hard-earned money and life savings."

Marais was sentenced on Monday.

Read more on:    durban  |  crime

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