By Thapelo Molefe
Members of an alleged international investment scam syndicate will return to the Johannesburg Commercial Crime Court next week Wednesday after being accused of swindling more than R1 billion from victims across four countries through illegal call centre operations, based in Gauteng.
The accused appeared in court this week on charges of contravening the Financial Advisory and Intermediary Services Act following their arrest on Tuesday in Bryanston, Randburg and Centurion by the Hawks.
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The State alleges the suspects operated call centres that provided financial services without being registered as financial advisers or authorised representatives of the Financial Sector Conduct Authority.
Prosecutors said the accused posed as legitimate investment professionals and convinced victims to invest in what were presented as credible financial opportunities.
According to the National Prosecuting Authority (NPA), more than 40
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