Ancestors Multiplying Money Scam: Couple Lose Vehicle And Bank Loan

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BuzzSouthAfrica learnt that Krugersdorp SAPS arrested three suspects for fraud that happened between April to November 2016.

The arrest follows the swindling of a man who responded to an advertisement that claimed the suspects could multiply his money with the help of his ancestors.

SAPS related that the victim visited the suspects’ office in town. There, they showed him money inside a box and told him he could have more if he brought R35 000 cash.

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As narrated:

“The complainant and his wife allegedly sold their vehicle and made a loan at the bank.

They were asked to bring money to buy coats to perform rituals that would see the money multiplied to a million rands in a few months.

Many attempts were made by the complainant to get his money back after the suspects failed to deliver on their promises.

The complainant then approached Krugersdorp police who visited the place that looked like a consultation room of traditional healer.

A number of documents that do not belong to the suspects, pictures and CV’s of vulnerable victims were found at the premises.”



Adding that the suspects were also found with R100 fake notes believed to have been used to lure the unsuspecting victims, Krugersdorp SAPS appealed to the community to come forward if they have been victim of such criminal activities.

Meanwhile, Colin Davids, the 39-year-old pastor accused of running a Ponzi scheme worth millions of rand, is due to make a follow up court appearance in the Bellville Magistrate’s Court on Wednesday the 18th of January 2017.

Currently, he’s out on R100 000 bail with strict conditions and, is facing charges of fraud in contravention of the Financial Advisory and Intermediary Services Act and Banks Act.

The charges follow the allegation that his trading company, Platinum Forex, which is not registered by the Financial Services Board duped investors with promises of higher than normal returns on their investments.

SAPS said “investigations into this case are at an advanced stage and numerous ‘investors’ have already deposed their affidavits.

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In the interest of justice however, SAPS urged victims of the scheme to come forward in order to further bolster investigations.

“Victim’s cooperation will ensure that justice is served expeditiously to enable them to find closure sooner.

“Victims are urged to contact Lieutenant Colonel Jerome Hardenberg on 082 850 9747 or email him at [email protected] for appointments to depose affidavits,” stated SAPS.

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