No arrests made in Vryheid’s suspected Ponzi Scheme, rumours prove false

Ponzi Scheme Warning Sign, A yellow sign with the words Ponzi Scheme on a keyboard

Rumours that the men running the suspected Ponzi scheme in Vryheid have been caught proved false.

The Vryheid Herald has contacted police stations in Vryheid, Utrecht, Middelburg and Witbank. SAPS communications officers at all of these stations confirmed that no arrest has yet been made.

Up until this morning, there wasn’t even a case opened until one Vryheid resident, who asked to remain anonymous, decided she had to do something.

“The reason I decided that I had to open a case was because, when went there myself on Monday, I saw a lot of people in despair. Some of these people have taken out mortgages, they’ve sold their cars, they went and borrowed money, or they put in their pension funds. I know of a lady who put in R340 000 of her pension money on Friday. Some people were crying. Others were throwing up. To see those faces on Monday… I had to do something,” she said.

“I also invested money, but the money that I invested, I can write off. It’s not going to hurt me, I will recover from this. I realised that they had packed up and left on Monday, but I saw a lot of people had hopes that they were just running late. There were rumours that the business was opening a Newcastle branch and that’s why they were late. Some of the people said they had received SMS’s saying they were running late. People wanted to believe it just to keep their spirits up… But they were gone. After seeing all those people in the queue on Monday, I said, you know what, somebody has to do something about this.”

ALSO READ: Woman who opens fraud case against Ponzi Scheme meets with resistance from SAPS

AND: Fill in this SAPS affidavit if you have fallen victim to the suspected Ponzi Scheme

  AUTHOR
Estella Naicker

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