Tag «pyramid scheme»

Pyramid Mastermind Found Guilty


East London – Jacobus Viljoen, who is in his 55, was sentenced to 10-years imprisonment yesterday (Wednesday) at the Port Elizabeth Specialised Commercial Crime court  for Investment Fraud. Viljoen was a co-owner of F&J Consultants, a pyramid scheme which between 2006 and 2007 defrauded its investors of a total of R6 million. He enticed clients …