S. African pyra­mid scheme to be pros­e­cuted for swin­dling 230,000 peo­ple

Fiji Sun - - WORLD NEWS -

Pre­to­ria: South Africa’s Na­tional Pros­e­cut­ing Au­thor­ity (NPA) said they will pros­e­cute di­rec­tors of a so­phis­ti­cated pyra­mid scheme that fleeced 230,000 in­vestors of mil­lions of rands amid the COVID-19 lock­down.

Deputy Na­tional Direc­tor of Pub­lic Pros­e­cu­tions and head of the As­set For­fei­ture Unit (AFU) Ouma Rabaji-Rasethaba said. She said Up Money un­law­fully ex­ploited the COVID-19 pandemic and food se­cu­rity con­cerns to lure con­sumers into join­ing and par­tic­i­pat­ing in the Up Money pyra­mid scheme.

Newspapers in English

Newspapers from Fiji

© PressReader. All rights reserved.