A Miami real estate developer is accused of orchestrating an $85 million fraud scheme, not paying millions in taxes, and lying to banks to obtain funds to purchase a luxury yacht.
Rishi Kapoor, 41, was the CEO of Location Ventures, a Miami-based real estate development company that was planning to develop projects in Coral Gables, Coconut Grove, Miami Beach, and Fort Lauderdale.
“The indictment alleges an $85 million fraud scheme in which investor funds intended for real estate development were diverted for luxury purchases, including a 68-foot yacht,” said U.S. Attorney Jason A. Reding Quiñones for the Southern District of Florida. “It further alleges that the defendant withheld payroll taxes from employees but failed to turn that money over to the government, effectively stealing from his own employees. These are serious allegations that will now be addressed in federal court. The…
THE ISUZU MOTORS PAYROLL FRAUD (GQEBERHA, SA)
Date: February 16, 2026 Perpetrator: Natasja Slabbert (42)
Case Description: In a case that hit home for the Eastern Cape business community, Natasja Slabbert, a payroll administrator at Isuzu Motors South Africa’s Struandale plant, was arrested for an alleged R10.5 million fraud. The scheme, which began surfacing in late 2024, exploited the very systems designed to manage employee compensation. Slabbert allegedly manipulated payroll records to create false entries that appeared as legitimate deductions and contributions on employee payslips. In reality, these “deductions” were being diverted into her personal bank account.
The fraud was only uncovered after diligent employees noticed that their net “take-home” pay was significantly lower than expected, despite the gross amounts on their payslips remaining high. Following a thorough probe by the Hawks’ Serious Commercial Crime Investigation team and the NPA’s Specialised Commercial Crime Unit, it was discovered that in August 2024 alone, over R626,000 was unlawfully transferred. Slabbert was granted bail of R5,000 on February 17, 2026, and the case has been postponed to later in the month for further legal proceedings. This case highlights the critical need for “segregation of duties” in payroll departments, as a single point of failure allowed for the systematic siphoning of millions over nearly two years.
Link to Original: PE Express – Isuzu Payroll Fraud