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Pyramid number is up
The Citizen
|September 28, 2024
Appeared on radar for promoting dodgy scheme in Katlehong and Gauteng.
The Gauteng Division of the High Court has issued a preservation order against Women Against Poverty and Hunger (WAPH), an alleged pyramid scheme, for R1 535 040 in favour of the National Prosecuting Authority.
The scheme was allegedly disguised as a grocery stokvel.
The National Consumer Commission (NCC) welcomed the order issued on 18 September.
The money is held in three bank accounts belonging to WAPH and one bank account belonging to its founder and promoter, Kelebogile Precious Phumo.
NCC and the Asset Forfeiture Unit of the National Prosecuting Authority (NPA) are working together on this case.
WAPH appeared on the NCC's radar during market monitoring and when the NCC investigated, the NCC found that WAPH had been promoting a grocery scheme through social media platforms, particularly targeting communities in Katlehong, Gauteng.
This story is from the September 28, 2024 edition of The Citizen.
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