The FSCA warns the public against Juan Albert Mayer; Umvuzo Lifestyle Creators; AW Fund Management (Pty) Ltd; Dial A Mula Administrators (Pty) Ltd; Hunters Wealth Empowerment (Pty) Ltd; and Umvuzo Management Group (Pty) Ltd.
The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services related business with Juan Albert Mayer (Mayer); Umvuzo Lifestyle Creators; AW Fund Management (Pty) Ltd; Dial A Mula Administrators; Hunters Wealth Empowerment; and Umvuzo Management Group.
It has come to the attention of the FSCA that Mayer and associated entities are soliciting investments from members of the public, promising high returns, and claiming to be associated with Negroni Group (Pty) Ltd, FSP number 46975.
Negroni Group (Pty) Ltd has confirmed that they are not in any way associated with Mayer and those entities linked to him.
It is the FSCA’s view that Mr Mayer and those entities are conducting unregistered financial services.
What is Fraud? “Fraud” is any activity that relies on deception in order to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment” (Black’s Law Dictionary). In other words, if you lie in order to deprive a person or organization of their money or property, you’re committing fraud.