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Hunt for fraudster linked to new Ponzi scheme
Cape Argus
|July 14, 2025
CONVICTED fraudster, Jason Wood, is being sought by police and is believed to be behind another Ponzi scheme, swindling investors out of hundreds of thousands of rand, with victims in the Western Cape, Eastern Cape, and KwaZulu-Natal.
Police have since confirmed two fresh cases in the Western Cape against Wood, who was dubbed "Jack of all Trades".
Police spokesperson, FC van Wyk, said: "Be advised that both Sea Point and Hermanus cases are fraud cases registered for investigation."
Eight years ago, IOL reported that Wood allegedly defrauded Nelson Mandela Bay residents of R1.4 million through schemes including secondhand car trading, exotic animal skins, and an upholstery business (Woodies Upholsterers).
Denne historien er fra July 14, 2025-utgaven av Cape Argus.
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