A 33-year-old Durban cryptocurrency trader, Mfundo Manci, has been sentenced to 10 years in prison for running a Ponzi scheme that promised returns exceeding 3,000%. Authorities described the scheme as a classic fraud, where Manci defrauded clients by falsely promising high returns on their investments. This case highlights ongoing concerns regarding cryptocurrency-related scams and investor protection in South Africa.
A 30-year-old man from Kroonstad in the Free State has been arrested for allegedly conning a Koppies farmer out of a staggering R2.8 million through an elaborate fake gold trading scheme #news #scammer #farmer #gold #trading #scheme #FreeState Read on https://t.co/nKYW8rHjtb https://t.co/KtQBQJSesp
River Hills man sentenced to nearly 2 years in federal prison for kickbacks scheme that defrauded Medicaid, Medicare https://t.co/y7JMNsPqtS
A Beverly Hills man was sentenced to 25 years in prison for scamming over $18 million from victims through cannabis-related cons. Details: https://t.co/hvUakioPiT https://t.co/2hjUdJkacK