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Multibillion-rand global scam syndicate accused to remain behind bars
['Faizel Patel', 'Senior Journalist']
The Citizen
Twenty-three members of an alleged international scam syndicate who swindled international victims of more than R1 billion will remain behind bars until their next court appearance.
The members of the alleged international scam syndicate appeared in the Johannesburg Commercial Crimes Court on Wednesday.
ALSO READ: Multibillion-rand global crime operation taken down in BryanstonScamsThey are accused of operating call centres that provided financial services despite not being registered as financial advisers or representatives of the Financial Sector Conduct Authority.
The seven locations raided simultaneously included a major call centre operation and the homes of senior members of the syndicate.
InvestigationIt is the culmination of a five-year investigation into an Israeli-based syndicate that operates a massive global investment and money-laundering scam across several markets.