High-flying lifestyle comes crashing down as Coin-it investors arrested
Family nabbed over alleged R75m Ponzi scheme that redistributed millions.
Source: timeslive.co.za
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KZN Hawks nab three accused of running pyramid scheme
Three people linked to a northern KZN company allegedly running a pyramid scheme have been given bail.
Source: ecr.co.za
Family of three arrested in connection with KZN's Coin-It investment scheme
A KwaZulu-Natal father, mother and daughter allegedly linked to a controversial multimillion-rand “pyramid scheme” have been arrested by the Hawks.
Source: timeslive.co.za
R4 billion Coin-it get-rich-quick scheme ends in tears, suicides
Coin-it enticed people into becoming members paying towards buying a truck, bus or earthmoving equipment that would be leased out.
Source: citizen.co.za
R4 billion Coin-it get-rich-quick scheme ends in tears, suicides
Ina Opperman People took notice when the Asset Forfeiture Unit attached a plane, helicopter, car and properties to the value of R106 million last week. Coin-it helicopter loaded on a truck. Picture: Asset Forfeiture Unit To most of the country Coin-it Trading was simply another in a long list of get-rich-quick schemes which results in a laugh from those who think they’re too smart to fall for these kind of scams. But for many people, especially those in Kw...
Source: citizen.co.za