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Goqo appeals sentence for R70m Ponzi scheme
The Star
|September 29, 2025
NSIKAYOMUZI Goodman Gogo, a fraudster sentenced to eight years in prison for swindling investors out of more than R70 million, is seeking to appeal his conviction and sentence.
He claims the Pinetown Regional Court's decision was influenced by anger.
Gogo faced over 4 000 charges, including fraud and contraventions of the Banks Act. Between 2009 and 2010, he lured over 4 000 investors into a Ponzi scheme through his company, Ingede Mineral Holdings, which had offices in Hillcrest, promising a 30% interest over six months on stock exchange investments.
Contracts were signed with investors. Before his conviction, he had been out on R50 000 bail, which was granted in March 2014.
यह कहानी The Star के September 29, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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