The estate of a woman linked to what is said to be "South Africa's biggest pyramid scheme" has been placed in provisional sequestration by the High Court in Johannesburg.
This follows the Prudential Authority investigating the business practices of Travel Venture International and/or TVI Express and/or related persons commonly known as the "TVI Schemes", which marketed the sale of travel vouchers that allegedly gave recipients substantial discounts for international travel and accommodation.
The Prudential Authority, the regulator established to promote the safety and soundness of individual financial institutions, subsequently applied to provisionally sequestrate the estate of businesswoman Adelaide Musa Duma of Seven Oaks, 2nd Avenue, Johannesburg.
'SA's biggest pyramid scheme'
In handing down judgment, Judge Phanuel Mudau said the TVI Schemes are said to be "SA's biggest pyramid scheme".
Diese Geschichte stammt aus der August 28, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 28, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Bulls may start as slight favourites on home turf
The Bulls will start as the slight favourites against the Sharks in their Currie Cup semifinal at Loftus Versfeld today, despite going into the game with just five Springboks in their starting team.
Hang around Rassie
Former Springbok and Bulls legend Naas Botha believes current Bok boss Rassie Erasmus should stay on as head coach of the national team for as long as possible.
Test a complete rain wipe-out
The one-off Test between Afghanistan and New Zealand was washed out yesterday after five days of rain, just the eighth Test in history to be abandoned without a ball being bowled.
Pirates on a mission to avenge Jwaneng defeat
Despite the shock of defeat, they suffered against the same opponents at the same stage of the competition last season, Orlando Pirates will go into today's Caf Champions League second first-leg clash against Jwaneng Galaxy as favourites (kick-off 4pm).
Inter travel to Monza ahead of massive week
Milan Inter Milan head into a huge week with the Champions League and Milan derby looming large over tomorrow's trip to Monza, while the killing of a mobster revealed disturbing links between organised crime and the club's hardcore supporters.
Gunners face early test
An under-strength Arsenal face a huge test of their Premier League title credentials at rivals Tottenham, while Manchester United boss Erik ten Hag desperately needs a response from his side at Southampton.
Piastri seeks more freedom to 'race' against Norris
Oscar Piastri made clear on Thursday that he will not be pulling over to help his teammate Lando Norris at every one of the remaining eight races this year following McLaren's decision to adopt team orders in support of the title-chasing Briton.
Max aims to fight back
Max Verstappen will look for an improved personal and team performance this weekend when Red Bull seek to stop the rot and stay on top in the Formula One title race at this weekend's Azerbaijan Grand Prix.
Raise your glasses to Atarime
Impressive Mount Pinatubo looks a sprinter to follow.
Bid to derail Trump's ascension
Taylor \"Whatshername\" Swift, pictured, has endorsed Kamala Harris.