ICYMI – Owners of Durban-based Forex International jailed for fraud 18 years later
The National Prosecuting Authority said brothers Peter Henderson, 57, and Louis Henderson, 54, were sentenced to 15 and 12 years’ imprisonment respectively in the Durban Specialised Commercial Crimes Court.
Spokesperson Natasha Kara said the duo were convicted of fraud amounting to about R4.6 million and theft of about R1.6m. “The brothers operated a Durban-based entity called Forex International which accepted deposits from the public, whilst not being registered to do so.“However, they lost the monies offshore and used about R1.6 million for their own benefit.”They also were convicted of reckless and negligent trading and contravention of Section 11 of the Banks Act of 1990.She said they were arrested after an investigation by the South African Reserve Bank.
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