Jaco Jordaan (52), an alleged Ponzi Scheme operator appeared before the Secunda District Court last week following his initial arrest in February after about 120 victims complained about an apparent bogus investment scheme involving over R100 million.
Jordaan appeared on November 15 and the case was postponed to March 15 for disclosure of documents.
The Directorate for Priority Crime Investigation Serious Commercial Crime Investigation Unit in Mpumalanga took charge of the investigations in March 2018.
Jordaan who had been out on R50 000 bail was previously arrested and linked with similar cases in Sandton near Johannesburg.
The accused was released on bail and the case is postponed to November 30 in Wenberg Magistrate’s Court for the transfers of the docket to Secunda District Court for centralisation of the case.
