Forex Trading fraudster scams a victim of R 748K

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60 years old Francious Johannes Du Toit is set to make his second court appearance on fraud charges amounting to almost R 748 000 that were laid against him.

Police Spokesperson Captain Tlangelani Rikhotso said Du Toit was arrested at a guest house in Upington by members of the Hawks’ Upington Serious Organised Crime and Serious Commercial Crime investigation teams following a complaint raised a victim who allege that they gave Du Toit the said money for purposes of Forex Trading which would later be turned into an investment in a residential development.

The money was then deposited in his account and later on went AWOL and started ignoring the victim.

He was arrested on September 14, 2022 and made first appearance on the 16th. The matter was postponed to the 23rd for formal bail application.