Despite numerous warnings from the authorities, people continue to be left out of pocket after falling for fly-by-night quick cash investment schemes.

Last year two so-called pyramid schemes collapsed in Dundee – One Vision and Forex – which both left many penniless.

Promises of quick returns from investments have prompted many to even go as far as to take loans to invest.

The recent Bitcoin Wallet debacle, which took Ladysmith by storm, and the latest investment swindle of persuading people to hand over large sums of money to those who  claim to be involved in legal activities, such as dealing in precious metals and stones, have prompted police to issue a direct warning:

“”Such scams are rife and offers that are too good to be true turn out to be just that. Citizens are urged not to commit crimes by investing in illegal deals, which involve precious stones and metals,” said Captain Nqobile Gwala, spokesperson for KwaZulu-Natal SAPS.

“Anyone who is approached by such con artists are urged to contact their local police, or Crimestop on 086 001 0111.”

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