Hundreds fleeced in South Africa’s biggest fraud

The Nigerian dating scams target the lonely and vulnerable. The most common comment of victims who think they have found the love of their life is “I can’t believe I was so stupid! The Nigerian dating scams are hugely profitable. The Nigerians call them ‘maghas’ which is slang for gullible white people. The scammers spend their day trolling the dating sites and chat rooms for contact emails, and then send off thousands of fraudulent letters and emails awaiting the victim’s replies. They are offering the chance of finding true love and happiness, and there are plenty of takers! However sooner or later, the vulnerable hearts receive requests that will ultimately lead to financial losses and heartbreak. The scammers choose chat rooms and dating sites because the person in love offers the chance of the biggest payoffs. How Does the Scam Work?

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Lucy , an Australopithecus afarensis skeleton discovered 24 November in the Awash Valley of Ethiopia ‘s Afar Depression Africa is considered by most paleoanthropologists to be the oldest inhabited territory on Earth , with the human species originating from the continent.

Barry Tannenbaum, a South African businessman living in Australia, lured investors with the promise of per cent annual returns linked to pharmaceutical imports, and forged AIDS drug orders to reassure funders when money started to dry up. The scheme is still unravelling but lawyers and investigators believe hundreds of investors including top businessmen from South Africa, the United States, Germany and Australia, were involved, losing up to 10 billion rand.

The case looks set to rank as South Africa’s biggest corporate fraud and has shocked the country’s business community, known for its conservative approach to risk and investment. Advertisement “There are billions of rands involved and we don’t know for sure where the money is,” he said. A Ponzi scheme pays early investors returns from funds paid by later clients.

Winer said it appeared as though Tannenbaum’s scheme collapsed when investors demanded to be repaid and new funds could not be found. By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy. The South African Reserve Bank said in an email it became aware of the issue this week after complaints from investors who were no longer receiving “their exhorbitant returns”, and would check if exchange control and banking rules had been broken.

Investigator Specialised Services Group SSG , a private law enforcement agency hired by investors to look into Tannenbaum, said he told investors they were funding a pharmaceutical ingredient import business. Tannenbaum sent Reuters an email saying he would reply to questions about the allegations on Friday. Dean Rees, a lawyer and Tannenbaum associate whom SSG said was also involved, also did not return calls.

Adcock says it was his grandfather. Documents posted on the Internet by SSG include what they say are forged purchase orders from Africa’s biggest generic drug maker, Aspen which Tannenbaum allegedly used to show investors that funds were coming soon. Both Adcock and Aspen confirmed they had bought small amounts of supplies from Frankel, but said the purchase documents, including some involving life-prolonging anti-retroviral AIDS drugs, were fake.

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Barry Tannenbaum, a South African businessman living in Australia, lured investors with the promise of per cent annual returns linked to pharmaceutical imports, and forged AIDS drug orders to reassure funders when money started to dry up.

The sixteen-year-long war in Mozambique Insight on Africa, 5, 1 Emerson, The Battle for Mozambique: Whilst clearly a national struggle, it also brought in regional players like Rhodesia and South Africa and even Tanzania and Zambia-all of whom had a vested interest in the outcome of this struggle for supremacy. Ordinary Mozambicans paid dearly for the war-an estimated 1 million dead; millions more made refugees or internally displaced, hundreds of thousands maimed and the economy in ruins.

Previous studies of the Mozambican war are problematic at best-having embraced the narrative emanating from one or the other side.

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Lucy , an Australopithecus afarensis skeleton discovered 24 November in the Awash Valley of Ethiopia ‘s Afar Depression Africa is considered by most paleoanthropologists to be the oldest inhabited territory on Earth , with the human species originating from the continent. Fossil remains of several species of early apelike humans thought to have evolved into modern man, such as Australopithecus afarensis radiometrically dated to approximately 3. Around BC, due to a tilt in the earth’s orbit, the Sahara experienced a period of rapid desertification.

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Email Advertisement Do online dating websites work? To explore this topic, I pulled aside two individuals who I knew were hunting for a long-term relationship using online dating websites, and asked them about their experiences with the services. The two services used by these individuals were OKCupid and Match. What I learned from carrying out an interview of a female and the interview of a male trying to dig into this intriguing subject was that using the Internet for dating is equally painful for men and for women, but for very different reasons.

No…online dating involves just cold, shallow text. As far as a guy is concerned, women have it made. They have the choice of the litter. All they have to do is get online every day, sitting on their princess throne and file through the dozens or more profiles of men who have messaged them throughout the day. Unfortunately, the reality is nowhere near that fantasy. To get some insight into what women go through on these dating websites, I pulled aside one of my family members who I knew had spent some time on these sites looking for her future spouse.

By the time of this interview, she had already given up and moved on, finally discovering her future husband while visiting old friends at her alma mater. Her responses completely surprised me. What year did you sign up with an online dating website and how long did you keep your account?

6 Dating Sites I Used To Meet Women (2016 Edition)

The national flag, adopted in , consists of a blue-black triangle placed vertical to the hoist and bordered in gold-yellow. Bands of red, white, green, white, and blue appear horizontally. Two anthems are currently in use: The South African rand r is a paper currency of cents. It is used throughout the South African monetary area.

The Nigerian dating scams are hugely profitable.

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The island nation of Madagascar is excluded because of its distinct language and cultural heritage. Sand dunes and vegetation at Sossusvlei in the Namib desert, Namibia. Contiguous with this are uplands in Zambia and Zimbabwe.

So, while this might make you uneasy, just try to accept it, and if not anything understand that its reality — before you begin dating, or seek out a Nigerian girlfriend.

When it comes to scams remember the following 4 things: If something sounds to good to be true, it probably is. If you live by these 4 rules you should be okay. The heartbreaker scam: This latest version of the scam targets online dating sites. The heartbreakers correspondence looks authentic and is oozing with charm, but in reality its being generated by criminal syndicates usually made up of people of different nationalities. Many of you are probably familiar with phishing.


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