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Unpacking the United African Stokvel scam - the trail of death threats and ties to nonprofit, Sexpo

The fraudulent scheme has left a trail of victims in its wake, stripping investors of their savings, homes and pensions. Daily Maverick is in contact with about 600 investors, 236 of whom have lost a cumulative amount of between R12-million and R22.8-million.

Sandton , Gauteng , South-africa , Sibusiso-khumalo , Gerhard-van-deventer , Devi-sankaree-govender , Darren-langbein , Stokvel-facebook , Shirley-langbein , Van-deventer , Trident-protection-services , Financial-sector-conduct-authority

United African Stokvel social media 'scam' leaves thousands of investors in a financial nightmare

Almost 100,000 people appear to have fallen victim to what seems to be a scam run by the Facebook-based United African Stokvel, which was the subject of a search-and-seizure raid by the Financial Sector Conduct Authority (FSCA) towards the end of June.

Shirley-langbein , Stokvel-facebook , Devi-sankaree-govender , Andrew-lukhele , Rishana-singh , Darren-langbein , Financial-sector-conduct-authority , National-credit-regulator , National-credit-act , National-stokvel-association , Facebook-based-united-african-stokvel , United-african