R500 million pyramid scheme scammers remanded in custody
KWAZULU-NATAL – The founder and director of an investment company based in Pietermaritzburg, Supreme National Stock Holdings, Sandile Sibiya (29) and his accomplice Nomalizo Sibiya (37) briefly appeared in the Pietermaritzburg Magistrates’ Court on Monday, 23 December 2019, for alleged fraud and contravention of the Bank Act. Between June 2019 and November 2019 the accused …