Free State man sentenced for defrauding Christmas stokvel members over R825,000
A Free State man has been sentenced to 10 years in prison for defrauding purported Christmas stokvel members of R825,560 through a business that promised groceries, hampers, liquor and financial returns.
A man from Free State has been sentenced to 10 years in prison for defrauding members of a supposed Christmas stokvel of over R825,000. Lebohang Mokatedi and his company, Lebohang Society and Financial Credit Service (Pty) Ltd, were convicted on 1,407 counts of cyber fraud, money laundering and other financial crimes. Mokatedi was accused of using social media and word of mouth to solicit money from unsuspecting individuals, promising groceries, meat hampers, liquor and financial benefits that were never delivered.
The scheme targeted people in various towns across the Free State. The National Prosecuting Authority welcomed the sentence, stating that financial crimes targeting the public will not be tolerated.
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