Forex scammer sentenced

Posted in categories

  • CyberBYTES
Publish date 07 May 2019
Issue Number 1780
Diary Legalbrief eLaw
* The Financial Sector Conduct Authority (FSCA) yesterday (Tuesday) welcomed the sentencing of Durban forex scammer Jabulani Ngcobo on several counts of fraud. Ngcobo and his partner Mzabalazo Dlamini, Ngcobo who claims to be a self-made millionaire as CEO of ...

* The Financial Sector Conduct Authority (FSCA) yesterday welcomed the sentencing of Durban forex scammer Jabulani Ngcobo on several counts of fraud. Ngcobo, who claims to be a self-made millionaire as CEO of Cashflow Pro, last year published a book (Cashflow Naked) sharing his life story and how he made a fortune in forex. Angolan businessman Francis Boole laid a charge of fraud against Ngcobo in Johannesburg last year, accusing him of having conned him of R100 000 in a forex trade deal that went wrong.