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One year jail time for each R4 Million in  fraud

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Henry Louis Fourie Schreuder was sentenced to 18 years’ imprisonment. The disgraced businessman was found guilty on 779 counts of fraud amounting to R70.6-million

Until 10 November 2016 Henry Louis Fourie Schreuder, 54, the ex-financial director of Floorworx Africa, was a free man. Then came these words by magistrate Twanet Olivier: “Mr Schreuder without further delay I have considered the facts placed before court, I have considered the mitigating factors placed on record, your attorney and Dr Botha [neuropsychologist], as well as reports, the address by your family, the address by the state and today I cannot find myself saying that there is any other sentence except one of direct imprisonment.

“After a thorough consideration of the facts on this case, and in terms of purpose of sentence, all 779 counts are treated as one and you are sentenced to 18 years’ imprisonment.”

The words came as a shock to Schreuder’s wife Karen and his son Henry Jnr, who broke down and wept after the magistrate’s sentence.

They left the courtroom as Schreuder was taken down into custody. The family had earlier enjoyed lunch together during a court break. Karen jumped into her white Polo Vivo and Henry Jnr a black Mitsubishi.

Read More: 18 years jail for fraud