In the last year, nearly nine million South Africans have fallen victim to cybercrime and credit card scams, according to a Norton Security Survey. Both FNB and Standard Bank were recently targeted by scammers, begging the question: how safe are our banks?
What is Defencex?
Almost 200 000 members joined the Defencex scheme from 2012 to 2013. The scheme promised its investors high returns of 2% a day. 60 000 of these members invested in the scheme.
The unscrupulous masterminds of Pyramid and Ponzi schemes lose investors hundreds of thousands, by promising too good to be true returns on investments.
The Kipi Investments website was hacked earlier this year, sending shockwaves through the community, comprised of thousands of investors across South Africa. The suspected pyramid scheme or Ponzi scheme is currently under investigation by the Hawks, though it claims to be an ‘online stokvel community.’