A 30-year-old wife of an alleged cryptocurrency fraudster was arrested on 06 November 2023 in Fourways for fraud and money laundering.
The arrest relates to a probe into an investment scheme where the suspect and her husband allegedly defrauded an investor of R600 000-00 in 2021. It is reported that the suspect went on a community radio station where she allegedly encouraged members of the community to invest in the alleged fraudulent cryptocurrency scheme.
The investor allegedly made an investment of R100 000-00 and received dividends. He then invested an additional R500 000 into the scheme after an alleged promise of millions. After the R500 000-00 investment, he allegedly saw a reduction in the dividends and eventually received no dividends whatsoever.
After numerous failed attempts by the investor to get in touch with the couple, the matter was reported to the police. A case was opened and transferred to the Johannesburg Hawks Serious Commercial Crime Investigation for further probing.
On 08 May 2023, the husband handed himself over to the authorities. He made his first court appearance before the Alexander Magistrate’s Court on 09 May 2023 where he was released on R20 000 bail. Meanwhile, his wife is expected to make her first appearance before the Alexander Magistrate’s Court on 08 November 2023.