Three years house arrest for Cape fraudster

2016-09-23 19:46
High court. (Duncan Alfreds, News24)

High court. (Duncan Alfreds, News24)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town - A man convicted of investor fraud was sentenced to three years house arrest by the Western Cape High Court on Friday.

Gary van der Merwe’s sentence comes more than 10 years after his first appearance in a Bellville court.

His conviction related to fraud of more than R11.9m committed in 2002.

A co-accused, Paul Kilian, was previously found not guilty on three counts and discharged.

Van der Merwe had faced 11 counts of investment fraud, income tax fraud, and VAT fraud.

The State believed he was the mastermind and author of an overarching scheme to enrich himself, using other people both wittingly and unwittingly.

The charges emanated from an investigation by the Scorpions into the affairs of World Online Limited, Wealth International Network, and Wellness International Network in 2003.

Judge Andre le Grange on Friday handed down seven years’ imprisonment, wholly suspended for five years on condition he not be convicted of fraud, theft, or any attempt to commit those crimes during that period.

During his house arrest, Van der Merwe would be required to undergo at least 16 hours of community service a month.

He was barred from using alcohol or non-prescribed drugs.

Read more on:    cape town  |  crime

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
ADVERTORIAL
Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.

/News
 

Men.24 Model of the Week: Wendy from Cape Town

Find out more about our featured model, Wendy from Cape Town

 
 

You won't want to miss...

Who are the highest paid models of 2017?
10 gorgeous plus-sized models who aren't Ashley Graham
WATCH: Pornhub is giving users free access to premium content these holidays
5 top leg exercises for men
Traffic Alerts
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.