Kelvin Cholwich, Theunis Johannes Schoeman and Johan de Clerk have been nabbed for their 10 years of white-collar crime. The trio of grifters were charged with various forms of fraud over business dealings they conducted between 2012 and 2016. They are believed to have defrauded members of their elaborate Ponzi scheme of roughly R100 million over those four years.
com/iKOQIbxyfZ — NPASouthAfrica May 28, 2024 Those who claim to have been defrauded by these scammers began to lay complaints in 2015, prompting investigations from law enforcement. The accused were found to be conducting “the business of a bank” contrary to the relevant provisions of the Banks Act using a company called FinCapital. Their charges in the Johannesburg specialised commercial crimes court accordingly ranged from fraud to contraventions of the Banks Act.
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