File image.
A Northern Cape mother and daughter were arrested after they allegedly scammed people out of more than R3 million in an investment scheme.
Keabetswe Mokhasi, 44, and her daughter Refilwe Moncho, 22, appeared in the Kuruman Magistrate’s Court on Friday where they faced charges of investment fraud and money laundering after they were arrested on Thursday.
The mother and daughter duo are alleged to have recruited people to join the Namolaleuba Investment scheme in the Kuruman area since June 2020 “They misrepresented themselves to members of the community claiming that Namolaleuba is a registered investment company that gives investors high dividends after every 15 days.
ALSO READ: Three suspects nabbed for money laundering in Krugersdorp
“It is further alleged that the suspects paid some investors to lure more people into their scam. More victims invested their money and lost a combined amount exceeding R3 million,” said Hawks Northern Cape spokesperson Nomthandazo Mnisi.
Mnisi added they would remain in police custody and were due back in court on 5 February.
For more news your way, download The Citizen’s app for iOS and Android.
Download our app and read this and other great stories on the move. Available for Android and iOS.