A 45-year-old suspect was arrested by the Hawks’ Serious Commercial Crime Investigation team on Tuesday, 21 September 2021 for allegedly running an investment scam worth approximately R1.5 million in Rustenburg.
It’s alleged that in 2014, the suspect lured investors into investing money in a company called Greenfields by promising them returns of 100 percent profit at the end of the investment term. The investors allegedly deposited the funds into his personal bank account, only for the company to vanish without a trace before paying out the funds and dividends as promised.
Investigations went underway and the suspect was traced to Gauteng where he was subsequently arrested. He will make his first appearance before the Rustenburg Magistrate’s Court today where he will face 38 charges of fraud and money laundering.