Various social media users opened up about how they gave Ngcobo thousands of rands before he disappeared on them.
Social media users have, for years, questioned the origins of popular foreign exchange millionaire Jabulani “Cashflow” Ngcobo’s wealth and now that he has reportedly been sentenced to six years in prison for fraud related to his business, his alleged victims have come forward to share their experiences with him.
Rumours of his arrest have been swirling on social media for over a week and were confirmed earlier today by the“The FSCA welcomes the successful prosecution and sentencing of Jabulani ‘Cashflow’ Ngcobo and Mzabalazo Welcome Dlamini on several counts of fraud and contravening section 7 of the Financial Advisory and Intermediary Services act,” read part of the FSCA statement.
“The investigations found that the duo had misrepresented themselves as authorised financial services providers that could trade forex on behalf of their clients when they were not. This is a criminal offence, and the FSCA welcomes the sentence imposed on them, as it sends a clear message against unscrupulous financial entities and scams,” stated the FSCA.
Since news of Ngcobo’s conviction has been confirmed, a number of his victims have taken to social media to share their experiences with him and his girlfriend has had to disable comments on his Instagram page as a result. None. Life is good. Setbacks haven’t achieved cracking me. The Almighty has got my back ????. Cashflow & his crew scammed me 75k in 2017 & I rose… I guess I easily accept and move onI have lost money to cashflow he scammed me in front of my eyes and I met him in real. I have proof to prove everything. That guy stole my money
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex trader Jabulani ‘Cashflow’ Ngcobo gets four years in prison for fraudHe has also been fined R200,000, which is wholly suspended for five years.
Read more »
Forex scammer Cashflow Ngcobo sentenced to six years in jail | IOL NewsThe FSCA welcomed the sentencing of popular Durban forex scammer Jabulani 'Mr Cashflow' Ngcobo on several counts of fraud.
Read more »
Rasta distances himself from Ramaphosa paintingSocial media users say this can only mean Rasta has multiplied.
Read more »
#Elections2019: How politicians are using social media to win votes | IOL EntertainmentElections2019: How politicians are using social media to win votes IOL_Lifestyle SAElections2019 MzansiVotes
Read more »
Videos of man assaulting woman cause outrage on social mediaTwo videos of a man assaulting a woman in Port Elizabeth have gone viral on social media on Friday morning.
Read more »
Videos of man assaulting woman cause outrage on social mediaTwo videos of a man assaulting a woman in Port Elizabeth have gone viral on social media on Friday morning.
Read more »
Videos of man assaulting woman cause outrage on social mediaTwo videos of a man assaulting a woman in Port Elizabeth have gone viral on social media on Friday morning.
Read more »
More Aussie candidates withdraw over social media postsBut the main opposition Labor party, which is comfortably leading in opinion polls ahead of the 18 May general election, also saw one of its own stand down Friday over lewd social media posts.
Read more »
#WhatifIFPWins elicits hilarious responsesThe Inkatha Freedom Party is dominating Twitter's trends list as Mzansi imagines an IFP-led South Africa.
Read more »
Motsoaledi confirms Baragwanath Hospital beds replacedA video circulating on social media has shown empty beds thrown out in the hospital's yard.
Read more »