Before adding and sharing your Fraud Alert please check to see if a similar alert has already been posted, thank you:


Ndlovu denied bail over R5 million Ponzi Scheme

Fraud Alert:

The Johannesburg Specialized Commercial Crimes Court had on Monday, 19 June 2017 denied Ntokozo Myles Ndlovu bail on his R5 million fraud investment scam allegations. Ndlovu (34) was running an investment scheme between 2010 and 2017 through the DMD Capital PTY LTD and Profit Trading; the licenses thereof were since revoked and withdrawn by the […]




Western Cape Ponzi Schemer Arrested

Fraud Alert:

Jaco Van der Westhuizen, 35, has appeared in the Cape Town Magistrate’s Court on Tuesday 14 March 2017, over allegations of running a Ponzi scheme, which resulted in ‘investors’ losing just over a million rand. It is alleged that between 2015-08-25 and 2016-07-11; Van der Westhuizen lured unsuspecting members of the public to invest their […]