A 25-year-old man accused of scamming a community out of R55 000 on the pretext of securing a half a million rand loan for members six years ago has been arrested.
Athule Masimini and his 30-year-old accomplice, Sikelela Trevor Masiso, appeared in the Palm Ridge Specialised Commercial Crimes Court on Tuesday charged with fraud and money laundering.
It is alleged that in August 2015, the accused Masimini and Masiso sent messages to community members for loan approvals using a fictitious financial service provider named “Bruma”.
Complainants said the pair demanded R55 000 as legal and administration fees.
The accused allegedly told the complainants that once the fees were paid they would secure a loan of half a million rand for them.
However, the complainants said months went by without the accused providing the loans. They reported the matter to the police.
The matter was referred to the Hawks’ Serious Commercial Crime Investigation team in Pretoria.
The investigation team successfully traced and apprehended Masiso in February 2019 at his home in Swaneville, Krugersdorp.
Last year in February, Masiso was sentenced to two years in prison on two counts of money laundering.
On Friday, 29 October, Masimini was arrested in Lady Frere, Gqeberha, and charged with fraud and money laundering.
The court granted Masimini bail of R2 000.
He will be back in the dock on 9 November.