Daily Archives: September 9, 2020

Two company directors arrested for fraud in Port Elizabeth

EASTERN CAPE – Two suspects Timothy Franciscus van der Steen (50) and Ryan Peter Osborne (36) appeared briefly in the Port Elizabeth Magistrate Court on Tuesday for alleged fraud following their arrest earlier in the morning.

It is alleged that during September 2013 and September 2017 van der Steen and Osborn were both Directors of a company called Tag Yacht SA which allegedly made misrepresentations to the complainants with the promise of building them yachts.

Van der Steen and Osborn would then take the money invested but never built the yachts.  They did this knowingly of their financial business status of bankruptcy. It is also understood that various emails were allegedly sent to the complainants stating that the funds would be ring-fenced however the funds were never used for the purpose they were intended for.

The Hawks Commercial Crime Investigation has revealed that van der Steen and Osborne allegedly cost the complainants over R 27 million through fraudulent means.  Further investigation revealed that van der Steen and Osborn’s business was actually a shell company and these two fraudsters were the only employees.

The two were granted bail of R2000-00 each with conditions and both accused are to hand over their passports.  Their case was postponed to 02 November 2020 in the same court.



Source: South African Police Service

20 years imprisonment for raping a minor girl

KING WILLIAM’S TOWN – The Eastern Cape Provincial Commissioner, Lieutenant General Liziwe Ntshinga has welcomed the 20 years imprisonment sentence handed to Lusanda Xekethwana, 36, by Mount Fletcher Regional Court on 07 September 2020. It is alleged that on 19 … read more

Murder suspects sought by the SAPS

MOUNT AYLIFF – The South African Police Service request the public to assist in finding the suspects who attacked three people and left one of them dead, whilst the other two were seriously injured on Tuesday 08 September 2020 at about … read more

FXCM Now Offering Free SMS Trade Alerts

LONDON, SYDNEY, Australia and JOHANNESBURG, South Africa, Sept. 09, 2020 (GLOBE NEWSWIRE) — FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), a leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services have announced the launch of their new service that provides free SMS Trading Alerts to help users spot potential trading […] read more