An integrated operation between the Mpumalanga Hawks’ Serious Commercial Crime Investigation and their Limpopo counterparts has resulted in the arrest of Moreke Lucky Mayane (45), in Limpopo on Wednesday for allegedly running an illegal pyramid scheme.
Mayane was circulated as a wanted person after investigations revealed that he ran an illegal investment scheme dubbed ‘Weekly Cash Flow’ from around 2011 in Embalenhle. He apparently continued with his scheming ways in Limpopo’s villages of Nebo and Burgersfort as well as in Lyttleton in Gauteng during 2013.
Further investigation revealed that Mayane’s entity was not registered with the Financial Sector Conduct Authority (FSCA). A warrant for his arrest was subsequently authorised after he disappeared when he learned that cases of fraud and forgery were opened against him at several police stations.
Mayane will appear tomorrow and on Friday at the Nebo Magistrate Court and Burgersfort Magistrate Court respectively before facing further similar charges in Mpumalanga and Gauteng next week.
Members of the public who might have fallen victims to the said illegal investment scheme are urged to contact in Mpumalnga Captain Samson Kolobe on 0714813126 or Captain Robert Mugoru on 0820503763 and in Limpopo Colonel Arthur Modiba on 0714816887.