I do not know what pushed Colonel Christelle Stemmet over the edge, but wish she was treated better by the police service, writes Adriaan Basson.
Thomas Stringfellow was convinced a global stock market crash was inevitable. Now he is under arrest as regulators are trying to figure out what he did with hundreds of millions in investor funds – and how much may have gone into the local version of sport-wear brand Lorna Jane.
“Africa’s Most Successful Trader" and "international bestselling author" Jacques Magliolo is being accused of fraud and running a Ponzi scheme.
"Sometimes they'll use models to make fake LinkedIn accounts. When you go to check out who's involved in the company, you'll see photos of all of these beautiful people."
A Bitcoin company fingered for an investment scam has threatened to sue the Hawks to retract its statement, but the Hawks are sticking to their guns.
A top official of the Financial Services Board unpacks the latest trends regarding Ponzi schemes, with many unsuspecting people still being conned into investing in these scams.
Stories shared by numerous Fin24 users tell a tale of loss, regret and disillusionment, with victims losing anything from R500 to a combined toll of R1.3m from a single family group.
A Fin24 user, who wishes to remain anonymous, lost R35 000 between herself and her fiancé from the Ponzi scheme MMM after the account "froze" in April 2016.
A Kraaifontein mother may have killed her eldest son and herself after losing all her money in an investment scheme that the Hawks are investigating.
MMM, the Ponzi scheme that collapsed in SA and Nigeria in 2016, is attempting to reboot its scheme by offering a Bitcoin-based currency to all users around the world.
The Sarb's new campaign "Easy come. Easy go.' seeks to fight illegal deposit-taking schemes and advance-fee schemes.
Hundreds of people looted and set alight the family home of a man who operated what is believed to be a Ponzi scheme in Ladysmith on Wednesday.
Accusations of tax evasion and police corruption, a kidnapper who was kidnapped, a fugitive politician, and billions in bitcoin lost. This is crypto-trading Gujarat-style.
The returns promised to investors by BTC Global were financially impossible. In fact, not enough money existed in the world for the weekly interest they were guaranteeing.
Despite the many investment scams that the South African public is falling for, in many cases the Financial Services Board (FSB) finds its hands tied when it comes to protecting the public.
Scores of Pietermaritzburg residents may have lost hundreds of thousands of rands in what appears to have been a pyramid or Ponzi scheme.
Disgruntled former members of pyramid scheme MMM have reported mounting losses to Fin24, with the current tally at R649 000 and set to rise.
The South African Reserve Bank investigated 27 money scams in 2016 and resolved 63 probes from previous years, according to the Bank Supervision Department's Annual Report.
Cape Town pastor Colin Davids, accused of being behind a Ponzi scheme, appeared in the Bellville Magistrate's Court on Wednesday after being granted R100 000 bail last June. Watch.
The South African Banking Risk Information Centre highlights ways one can spot a money scheme.
A Biznews community member's desperate plea illustrates a very important lesson: when dealing with investment advisors, be very careful.
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