Alleged pyramid scheme fraudster arrested
The suspect was circulated as a wanted person after investigations revealed that he ran an illegal investment scheme dubbed ‘Weekly Cash Flow’ from around 2011 in Embalenhle.
An integrated operation between the Mpumalanga Hawks’ Serious Commercial Crime Investigation and their Limpopo counterparts has resulted in the arrest of alleged fraudster, Moreke Lucky Mayane.
Mayane(45) was arrested in the Limpopo province on Wednesday for allegedly running an illegal pyramid scheme.
He apparently continued with his scheming ways in Limpopo’s villages of Nebo and Burgersfort as well as in Lyttleton in Gauteng during 2013.
Further investigation revealed that Mayane’s entity was not registered with the Financial Sector Conduct Authority (FSCA). A warrant for his arrest was subsequently authorised after he disappeared when he learned that several cases of fraud and forgery were opened against him at several police stations.
Members of the public who might have fallen victims to the illegal investment scheme are urged to contact the following people:
1. Captain Samson Kolobe 0714813126
2. Captain Robert 0820503763
3. Colonel Arthur Modiba 0714816887.
