Alleged Ponzi scheme masterminds in court after thousands lose life savings and pensions

Suspects in court over R64 million Ponzi scheme.

Companies involved: Travel Venture International (TVI) and Trade for Life.

Suspects involved: Fakazile Mazibuko and Wilson Gazu, both of northern KZN.

https://m.news24.com/SouthAfrica/News/alleged-ponzi-scheme-masterminds-in-court-after-thousands-lose-life-savings-and-pensions-20180611

Alleged Ponzi scheme masterminds in court after thousands lose life savings and pensions

Some took out loans, others ploughed their pension payouts and life savings into a “get-rich-quick scheme”, and many lost everything in an alleged Ponzi scheme.


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