Investigation by amaBhungane Reveals International Online Trading Scam Syndicate Linked to Six Minors' Suicides and Political Hurdles

An investigation by amaBhungane has uncovered an international syndicate involved in online trading scams, revealing the deceptive practices and financial structures behind these operations. The report highlights the tragic consequences of these scams, including multiple suicides linked to victims of sextortion in Canada. The investigation also points to foreign criminal organizations as key players in these scams, which have exploited unsuspecting investors through seemingly legitimate trading platforms. Additionally, political games have hindered legislative efforts aimed at protecting children from such online threats. The Hawks, a South African law enforcement agency, have been involved in addressing these scams, with reports detailing the profiles of individuals, including a lawyer and a plumber, who have been implicated in these elaborate cons.