WESTERN CAPE – Nobesuthu Phyllis Mdekazi, Ncumisa Mdekazi, Philiswa Ntsabo (65), Bulelwa Siwisa (48) and Nombulelo Mbenyane (66) appeared at the Bellville Serious Commercial Crimes Court on Tuesday, facing charges related to the R20 million worth of Ponzi scheme fraud.
The Serious Commercial Crime Investigation team in Cape Town served the Nobesuthu and Ncumisa Mdekazi, whose ages are yet to be verified, with summons on the 20 October 2020, whilst three others were served with summons on the same day of their court appearance.
They were all facing charges linked to the allegations of running a pyramid scheme which defrauded multiple victims of substantial amounts of money ranging between R1000 and R12000 investment with the promise of lucrative returns.
It is alleged that the scheme was fully operational over the period between January 2010 to December 2011. During this period their entity, BennJ Financial Investments CC was operating from the premises in Modderdam road in Bellville, Cape Town.
The suspects now face about 7590 counts of fraud and contravention of the Banks Act charges. The case against the suspects was postponed to the 19 January 2021 for further investigation.