LIMPOPO – Lucky Morekele Mayane (47) was found guilty for running a pyramid scheme and fined R10 000-00 or 500 days imprisonment by the Mokopane Regional Court on 23 February 2022.
Mayane recruited potential investors to invest in his company called ‘Weekly Cash Flow’ on social media platforms and flyers between 2011 and 2016. He would sometimes conduct seminars to train his victims to recruit more investors. The victims were promised a lucrative investment and lavish lifestyle after paying a joining fee of R6500-00.
Some of the victims became suspicious when they did not receive a monthly earning of R2200-00 and the accused was nowhere to be found. The matter was reported to the authorities and subsequently, a case of fraud was opened and assigned to Polokwane Serious’ Commercial Crime Investigation of the Hawks.
The Hawks investigation discovered that the accused committed similar offences in Gauteng and Mpumalanga provinces.
The Provincial Head of the Hawks, Major General Thobeka Joz,i has welcomed the sentencing of the accused and a fine imposed on him. “I would like to congratulate both the investigation and prosecution teams for a sterling job. This is not the end, we are still busy investigating other similar cases and our primary aim is to secure harsher sentences. I would also like to advice the potential investors to invest with credible and reputable institutions to avoid falling victims to fraudsters” Major General Jozi concluded.