THE LONG ARM OF THE LAW CATCHES UP WITH INVESTMENT SCHEME ACCUSED

Photo: Christiaan Jacobus Venter

Supplied

By: Neo Ntsele

An investment scheme accused, Christiaan Jacobus Venter 52, appeared before the Bloemfontein Magistrates Court on Tuesday 11, for fraud.

He was arrested on a warrant after evading arrest for a long time.

It is alleged that during 2007, Venter met the complainant and introduced himself as a broker.

He persuaded the complainant by selling him false hopes of receiving 16% of the invested amount annually.

The complainant invested more than R800 000.

Instead of delivering on the promised dividends, he told the complainant that he had lost huge amounts of money in the Stock Exchange.  

The complainant opened a criminal case against Venter, which was registered and referred to the Hawks' Serious Commercial Crime Investigation in Bloemfontein, culminating in Venter's court appearance. 

The court released Christiaan Jacobus Venter on R10 000 bail.

The matter was remanded to 21 January 2024 for the trial date.