MyWealth entities fined R73 million and founder debarred for 20 years
Investors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.
A cyberattack not only removed his account from his tax practitioner’s profile but also led to an erroneous VAT refund being paid back to SARS.
Read moreInvestors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.
Coenraad Botha and his wife are facing 64 charges in Namibia related to an alleged illegal investment scheme involving N$163 million.
A provisional sequestration order for the estate of Classic Financial Services director Jacobus Geldenhuis has been granted.