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Angel of the Vaal or devil?

The Citizen

October 31, 2025

CASH CON: KRION SCHEME DUPED AN ENTIRE TOWN

- Hein Kaiser

South Africa has seen its fair share of creative cons, but few were as destructive as the Krion investment scheme led by Marietjie Prinsloo, better known as the "Angel of Vanderbijlpark".

She managed to decimate an entire town with her schemes.

According to victims she was charming and warm. That, along with promises of prosperity abused engendered trust and she turned neighbours, friends and family into recruiters.

That was until the scheme collapsed, leaving over R1.5 billion in losses and thousands of people out of pocket.

Dit verhaal komt uit de October 31, 2025-editie van The Citizen.

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