{"id":61534,"date":"2024-02-22T15:57:31","date_gmt":"2024-02-22T15:57:31","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli"},"modified":"2024-02-22T16:39:09","modified_gmt":"2024-02-22T16:39:09","slug":"birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli","title":{"rendered":"Birthday ends in jail sentence for stokvel fraudster Caleb Ntuli"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The man behind the Tshwaranang Stokvel, an investment scheme infamous for promising eastern Free State investors up to 50% interest within 30 days, has been convicted and sentenced for fraud and money-laundering.<\/p>\n

Caleb Ntuli, 41, was sentenced to seven years’ imprisonment, Hawks spokesperson Lt-Col Zweli Mohobeleli said. He was also fined R1.7m, suspended for five years. Ntuli was sentenced in the Bethlehem commercial crimes court on Thursday, his birthday.<\/p>\n

More than 250 people invested in the Tshwaranang Stokvel between 2016 and 2019, Mohobeleli said.<\/p>\n

Investors cried foul when there were no dividends and Ntuli was nowhere to be found.<\/p>\n

The Hawks’ serious commercial crime investigation team in Bethlehem traced Ntuli to Palm Ridge in Gauteng, where he was arrested on September 17.<\/p>\n

About R8m was lost by investors.<\/p>\n

Free State Hawks head Maj-Gen Mokgadi Bokaba commended investigators for their commitment to solving a complex crime.<\/p>\n

\u201cGet-rich-quick schemes almost always have the same outcome. The promise of a return on investment is usually too good to be true and must not be believed,\u201d she said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The man behind the Tshwaranang Stokvel, an investment scheme infamous for promising eastern Free State investors up to 50% interest within 30 days, has been convicted and sentenced for fraud and money-laundering. Caleb Ntuli, 41, was sentenced to seven years’ imprisonment, Hawks spokesperson Lt-Col Zweli Mohobeleli said. He was also fined R1.7m, […]<\/p>\n","protected":false},"author":84,"featured_media":61533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[274,315,275],"class_list":["post-61534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nBirthday ends in jail sentence for stokvel fraudster Caleb Ntuli - South Africa<\/title>\n<meta name=\"description\" content=\"The man behind the Tshwaranang Stokvel, an investment scheme infamous for promising eastern Free State investors up to 5 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Birthday ends in jail sentence for stokvel fraudster Caleb Ntuli\" \/>\n<meta property=\"og:description\" content=\"The man behind the Tshwaranang Stokvel, an investment scheme infamous for promising eastern Free State investors up to 5 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T15:57:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T16:39:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1708607043.726015.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"467\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Birthday ends in jail sentence for stokvel fraudster Caleb Ntuli\",\"datePublished\":\"2024-02-22T15:57:31+00:00\",\"dateModified\":\"2024-02-22T16:39:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli\"},\"wordCount\":191,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1708607043.726015.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/birthday-ends-in-jail-sentence-for-stokvel-fraudster-caleb-ntuli\",\"name\":\"Birthday ends in jail sentence for stokvel fraudster Caleb Ntuli - 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