Jozi ponzi scheme steals R380m
(WorldNews Africa)

Johannesburg - An investigation by the Hawks, the South African Reserve Bank, the National Prosecuting Authority and a private investigation firm has uncovered a ponzi scheme that has apparently robbed more than 800 people of R380 million. And as some investors in QSG Consult International battle to survive after losing their pension funds and life savings to the alleged scam, at least one former client has committed suicide. Based in Joburg, QSG claimed to be an agribusiness development and management consultancy but offered its clients the opportunity to invest in a bio-diesel trading project in Dubai for a steady profit. However, last...