FSCA welcomes Cashflow conviction

The FSCA has welcomed the successful prosecution and sentencing of Jabulani “Cashflow” Ngcobo and Mzabalazo Welcome Dlamini on several counts of fraud and contravening section 7(1) of the Financial Advisory and Intermediary Services (FAIS) Act. The matter has been heard before the courts since 2014, and the Specialised Commercial Crimes Court in Durban has now sentenced the two to six years, imprisonment – two of which were suspended – and a...

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