IRS Forensic Investigations

Unregistered rental agency shuts down after more than R1m in trust fund money vanishes.
The Hawks are investigating the affairs of an unregistered Johannesburg estate agency that went bust after more than R1m in funds disappeared from trust accounts.

Article in The Times about IRS investigation into alleged theft of over R1 million of money held in trust by estate agent.

Orignally from TimesLIVE

Africa’s Most Successful Trader’ and ‘international bestselling author’ Jacques Magliolo is being accused of fraud and running a Ponzi scheme.

Jacques Magliolo was a person of interest in an IRS investigation when he was part of the establishment of a "peer-to-peer" funding scheme known as "2FundU" through "Business Consultants International" with Andy Anderson, Paul Zeitsman and Otto van Tonder.

Cape Town - Police in Gauteng and the Western Cape are looking for a German national, Oliver Thal, who is wanted for several fraud cases.

Article about convicted fraudster Oliver Thal who handed himself over last week based on a warrant that had been issued for his arrest.

Otto van Tonder, who was last week tracked to the Free State town of Virginia, was yesterday formally processed at the Vosloorus police station. Otto van Tonder, who was last week tracked to the Free State town of Virginia, was yesterday formally processed at the Vosloorus police station. 

He was later released from the cells based on an informal deal he agreed to with the victim. It is our opinion that the majority of "informal deals" concluded between victims and alleged fraudsters will never be honored and cannot be enforced.

The dangers of making such deals is that it can turn a blatantly criminal case into a civil case. Once a victim withdraws a case, it would be exceptionally difficult to get the case reopened and reenrolled. 

Private investigators and SAPS should not be misused as "debt collectors" because that is not our role.

A victim should allow for the investigation and prosecution to proceed. The Criminal Procedure Act allows, under certain conditions, for financial restitution should the suspect be found guilty, plead guilty or enter into a plea agreement.

Abraham Gerhardus Hendrik van Tonder, commonly known as Otto van Tonder, is wanted for fraud. A warrant for his arrest has been issued.

Article in today's newspaper about ongoing unauthorized sim swaps resulting in fraud. Comments by IRS Forensic Investigations.Article in today's newspaper about ongoing unauthorized sim swaps resulting in fraud. Comments by IRS Forensic Investigations.

Cape Town - A Bloubergstrand man had his Absa business account swindled out of R3.1 million while he was in Miami for two months.

A forensic investigations company has issued a strong warning ahead of the festive season about a possible scamster operating from Cape Town and targeting foreigners and locals.

IRS Forensic Investigations sounded the warning after an Australian national, Robert Pastore, contacted them after he was allegedly scammed out of R200 000.

Investigator Glenda Paul told the Weekend Argus that in another twist to the saga, Pastore’s bank made an erroneous payment of R65 000 into AIP Investments’ account in July.

Durban man said to use gay hook-up app to nick men's cash.

Article in today's Sunday Times about the ongoing investigation into Sugan Naicker.
This article is just the tip of the iceberg when it comes to Naicker's crimes. Although at a stage he was targeting gay men, anyone is now fair game in his nefarious activities.
There are currently two warrants for his arrest from two different police stations and many more victims have come forward. His fraud now totals millions of rands.
IRS is working hard to ensure his arrest and making representations to have the bail given to him in other current cases revoked.

Article relating to alleged security breach at Home Affairs which could contribute towards identity theft and other crimes.Article relating to alleged security breach at Home Affairs which could contribute towards identity theft and other crimes. Comments by Chad Thomas from IRS Forensic Investigations.

Affidavit alleges Home Affairs left population register vulnerable to abuse for four years.

Online article about arrests in Electio multi-million rand fraud case.Online article about arrests in Electio multi-million rand fraud case.

Ten months since the Saturday Star revealed the investigation into rare metal investment company Global Electio Investments, four of its top leadership have been arrested, including two former directors.

ARREST IN FRAUD CASE IN EXCESS OF R500 MILLION (HALF A BILLION RAND):

In a joint IRS Forensic Investigations, SAPS Crime Intelligence Unit (head office), and Pretoria SAPS K-9 unit, a foreign suspect wanted in connection with a fraud in excess of R500 million known as Electio, was taken into custody this morning in a sting operation outside Pretoria.

The suspect will be held at a police station outside Pretoria before being transferred to the Johannesburg Specialised Commercial Crimes Unit.

Link to the Mail & Guardian article about the unbelievable Tracy Morrison.Link to the Mail & Guardian article about the unbelievable Tracy Morrison.

Tracy Morrison boasts that she is the biological daughter of Al Pacino and has either wed or bedded Hollywood’s A-listers. In South Africa she has hung out with Jo’burg’s mink-and-manure set, even persuading some to invest in her movies. She supposedly seduced cricket legends such as the late Hansie Cronje and stalked former Idols presenter Colin Moss under the guise of launching his Hollywood career. At one point, she even claimed she was married to Stan Katz, the former chief executive officer of Radio 702.

If it sounds unbelievable, it is probably because it is.

Article relating to the alleged low intensity organised crime war taking place in South Africa and Serbia.

“His murder is one of several incidents connected to a ‘low-intensity war’ between rival Eastern European groups” - Chad Thomas.

Interpol has an alert out on a South African father and son, living in a $2.5 million home in the upmarket Sydney suburb of St Ives, who authorities in their homeland allege misappropriated up to 100 million rand (about $10 million) from their clients.

Local investigators get involved after R27,000 sent from US to a prophet to get cleansed but is never returned.

Orignall from Times Live

The biodiesel trading company that has allegedly defrauded more than 800 clients out of a suspected R380 million has now been linked to dodgy deals involving BMW dealerships across Gauteng.

A Bitcoin company fingered by the Hawks for being part of a major investment scam has threatened to sue, unless the priority crime investigating unit retracts its statement.

IRS investigation into scammer featured in local article

IRS investigation into scammer featured in local article.Serial fraudster & con-artist, Sugan Deon Naicker has committed new counts of fraud despite his arrest & impending cases, he was nabbed last year in a joint operation with SAPS & IndianSpice Investigative unit KALI.

Originally from Indian Spice

Accepting settlement is admission of negligence, says Absa.

A Johannesburg woman at the centre of what is alleged to be South Africa’s biggest cryptocurrency scam says she has been receiving death threats and has had to lay criminal charges against a man who threatened her at her home.

Latest newspaper article about the BTC Global scam which is being investigated by SA state law enforcement agencies as well as by several private investigators including IRS, Mike Bolhuis, and others.
Thanks to investigative journalist Nivashni Nair for staying on top of the story and keeping the public updated.