A mother and son from the Free State are facing serious charges after being accused of running a fraudulent investment scheme that reportedly swindled residents out of nearly a million rand. Pontsho Faith Lepoqo, 60, and her 34-year-old son, Sebotsa Washington Lepoqo, appeared in the Ladybrand Magistrate’s Court, where they were charged with fraud, money laundering, and violations of both the Financial Advisory and Intermediary Services Act, and the Banks Act.
The pair was arrested by members of the Directorate for Priority Crime Investigation, known as the Hawks, after an investigation led by the Serious Commercial Crime Investigation team based in Bethlehem. According to Lieutenant Colonel Zweli Mohobeleli, the duo allegedly operated an investment scheme through their company, MTS General Trading, promising unsuspecting victims returns of 30% monthly interest. Over 10 residents of Ladybrand collectively invested a staggering R905,000, only to be left empty-handed when the promised dividends never materialized.
Victims of the scheme have since come forward, with the Hawks urging others who may have fallen prey to the fraud to report their cases. Detective Constable Lineo Ralejalla has been assigned to the investigation, and the Hawks have urged anyone affected to contact her at 082 799 1000.
The arrest of the Lepoqos highlights an ongoing effort to crack down on financial crimes in the region. With the investigation still ongoing, authorities are working to gather more information and ensure that all victims receive justice. The case has sparked concern about the increasing prevalence of fraudulent schemes targeting vulnerable individuals, underscoring the importance of vigilance when it comes to financial investments.
