Sunday World - - Front Page - BUCHULE RABA rabab@sun­

FOR­MER Mu­vhango ac­tress Sim­phiwe Ngema is ac­cused of help­ing Jab­u­lani “Cash­flow ” Ng­cobo and his part­ner Mz­a­bal­azo Dlamini to lure clients to their in­vest­ment “scam ”.

This is af­ter last week ’ s story in Sun­day World in which at least three peo­ple said they were al­legedly conned by Ng­cobo in a forex trad­ing in­vest­ment ven­ture.

Ngema de­nied al­le­ga­tions that she was the of­fi­cial am­bas­sador for one of Ng­cobo ’ s com­pa­nies, Knowl­edge To Trade.

“I was just there as the face of the com­pany and I left those guys around March 2014 be­cause they were un­pro­fes­sional. I don ’ t know any­thing about their money. Un­for­tu­nately, I also trusted these guys, ” said Ngema.

Ngema, who presents Isiko on ’ s Ekasi+, said she never signed any con­tract with Knowl­edge To Trade.

We then re­minded Ngema that she at­tended a pre­sen­ta­tion about the “in­vest­ment scheme ” de­liv­ered by Ng­cobo and his part­ners in Mpumalanga in De­cem­ber 2014.

This news­pa­per also ran an ar­ti­cle in March last year in which Ngema con­firmed be­ing an am­bas­sador of Knowl­edge To Trade.

She said it was pos­si­ble that she left Ng­cobo in De­cem­ber 2014, adding she was not sure about the dates.

Ng­cobo said: “I see you are se­ri­ous about this project of de­stroy­ing my name. It ’ s fine

qhubeka [go ahead].” His busi­ness part­ner Dlamini said peo­ple will even­tu­ally get bored read­ing the same story ev­ery week.

But af­ter last week ’ s ar­ti­cle, more vic­tims of the al­leged cheat­ing by the Dur­ban busi­ness­man crawled out of the wood­work.

Sipho Mthombeni from Se­cunda in Mpumalanga said Ng­cobo had dis­ap­peared with his R50 000.

“In early 2014 I de­posited R10 000 for train­ing and trans­ferred R50 000 into the Knowl­edge to Trade ac­count. Cash­flow and Mz­a­bal­azo told me that I would re­ceive 10% in­ter­est ev­ery month and that ’ s when I de­cided to in­vest the R50 000 for trad­ing.

“When he came to Mpumalanga for the pre­sen­ta­tion, he was with Sim­phiwe Ngema and they told us she was the brand am­bas­sador of the com­pany. Sim­phiwe spoke with us too, telling us that we should in­vest with the com­pany be­cause it was legit,” said Mthombeni.

Mthombeni said they did not sus­pect that Ng­cobo and Mz­a­bal­azo were crooks be­cause they were well dressed and drove a BMW M3 at the time.

“We could see that these were real busi­ness­men. They taught us to trade us­ing demo ac­counts, say­ing that they will trade on our be­half while we were still train­ing,” he said.

Mthombeni said that he had been try­ing to get hold of Ng­cobo with­out suc­cess.

“My dreams to study fur­ther were shat­tered. I con­fronted Cash­flow at the Spring Fi­esta in Ekurhu­leni in Oc­to­ber last year and he couldn ’ t re­mem­ber me. He also said he did not re­mem­ber com­ing to Se­cunda,” said Mthombeni.

Mthombeni said that he went to the Fi­nan­cial Ser­vices Board to com­plain but was told that Ng­cobo was not reg­is­tered with it.

Mthombeni ’ s sis­ter Tha­bile claims that Ng­cobo and Dlamini owe her R38 000 with in­ter­est.

“When I met them in 2014 at Umuzi lodge they told us that we could make money while we are sleep­ing.

“I paid my R10 000 for train­ing and my R50 000 to the Knowl­edge to Trade ac­count as in­structed by Mz­a­bal­azo.

“When I wanted money for my birth­day they gave me some but since then I haven ’ t re­ceived any­thing and they are avoid­ing my calls,” said Tha­bile. An­other al­leged vic­tim, Frans “Ace ” Naude, said that af­ter Ng­cobo and Dlamini “sweet talked ” them dur­ing a pre­sen­ta­tion, he im­me­di­ately paid his R10 000 for train­ing.

“Dur­ing train­ing, Cash­flow told us that he can help us trade through CM Trad­ing and we can earn 10% in­ter­est per month. I trans­ferred R150 000 into Knowl­edge to Trade.

“I have been try­ing to call Cash­flow af­ter he told me early this year that he was go­ing to ar­range pay­ments but he does not pick up my calls any­more. He al­ways says he ’ s in a meet­ing and will get back to me but never does,” said Naude.

Daniel Ki­bel of CM Trad­ing said Ng­cobo and his bud­dies were us­ing his com­pany to dupe the pub­lic.

“CM Trad­ing is a lead­ing South African bro­ker and has an ex­cel­lent rep­u­ta­tion in the in­dus­try.

“It came to our at­ten­tion that Cash­flow and Knowl­edge To Trade were us­ing our good name to do what we be­lieve is un­eth­i­cal ac­tiv­ity.

“As a re­sult, we ended our re­la­tion­ship with Cash­flow and there has been no com­mu­ni­ca­tion for about a year,” said Ki­bel.

Both Ng­cobo and Dlamini did not re­spond to spe­cific ques­tions about al­le­ga­tions from the three vic­tims.

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