Jacobus Stefanus Geldenhuis, 65, was charged with 21 counts each of fraud and laundering money after he handed himself in to the Hawks.“He is alleged to have defrauded unsuspecting victims through his company by misrepresenting himself as a financial advisor.“Victims deposited money into different bank accounts provided by the suspect, promising to invest in offshore markets. However, the suspect never invested any of the money,” Mavimbela said. The suspect promised to invest the money in offshore markets, and victims deposited their money into his bank accounts. However, the suspect never invested any of the money— WO Thatohatsi Mavimbela , Hawks spokesperson“As a result of the suspect’s actions, victims suffered a loss of R100m,” Mavimbela confirmed that.
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2025-12-04 10:52:47
