Women are among the greatest sufferers in the economic system's lunatic race to the bottom. Matthew le Cordeur discusses concerns that Zuma could sign a deal with the Russians. Angry investors — who claim t h ey have been defrauded — tracked Myles Ndlovu down to the hotel. When he was unable to provide answers about where their money was, they contacted the SCCU.
An investigation last year by the Financial Services Board FSB into Profit Trading, which claimed to invest funds in a forex trading robot, found that no trades were ever placed, suggesting that it was an elaborate Ponzi scheme. Investors and shareholders close to the business claim that R52 million has been invested.
City Press first highlighted irregularities around the conduct of the forex platform in an article on May 28 , and details of the FSB investigation on June Reader falls victim to Profit Trading forex scheme.
As pressure was increasing from angry investors, Ndlovu called a meeting with select investors at the Sandton hotel on Thursday afternoon. The four investors represent a total of R8 million that had been invested. A case had already been opened with the SCCU and the investors held Ndlovu at the hotel until the investigating officer arrived. According to the source, Ndlovu refused to answer questions by the investigating officer, which is when the warrant for his arrest was issued.
Investors may lose millions in suspect scheme. An investor who was on his way to the SCCU head office in Johannesburg following the arrest on Friday told City Press that he deposited R in December based on a contract that he would receive R1. You think interest is added, but when you need it, it is nowhere. Investors who instigated the Sandton arrest are appealing to other investors to come forward.
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Thank you for your patience in this regard. Profit Trading founder arrested Jun 18 Reader falls victim to Profit Trading forex scheme As pressure was increasing from angry investors, Ndlovu called a meeting with select investors at the Sandton hotel on Thursday afternoon. Investors may lose millions in suspect scheme An investor who was on his way to the SCCU head office in Johannesburg following the arrest on Friday told City Press that he deposited R in December based on a contract that he would receive R1.
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