FOREX CASE UPDATE:
Convicted forex scammers Jabulani "Cashflow" Ngcobo and his partner Mzabalazo Dlamini, are out on R25,000 bail each pending the outcome of their appeal. They were last month sentenced to six years in prison, two suspended, for fraud.
has seen a surge in Forex and crypto- currency related fraud the past few years.
Multiple similar cases are currently under investigation by FSCA, Serious Economic Offences Unit, FIC, Commercial Crimes Unit, and IRS.