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Fraud syndicate, Mr Coin, scam over 5 000


Fraud syndicate, Mr Coin, scam over 5 000


A fraud syndicate posing as the investment company “Mr Coin” are being hunted by Mpumalanga law enforcement after conning over 5 000 victims. These included teachers, nurses and government officials, like police officers, into investing money promising them returns between 80% and 150%.


The Mr Coin office was at an Elukwatini mall where they recruited and attracted people from Nhlazatshe, Elukwatini, Ekulindeni and other surrounding places.

It is also alleged that the fraudsters had other offices at Carolina, Ermelo and Dundonald which also allegedly recruited and attracted potential victims from surrounding areas.

The Police Services’ Directorate for Priority Crime Investigation (Hawks) is hunting down the fraudsters.

Mpumalanga Hawks spokesperson Captain Dineo Lucy Sekgotodi says the Secunda team is handling the investigation into three fraud cases against Mr Coin.

“It is alleged in January last year, about nine scammers with seven males and two females, known as Sibusiso Mkhize, Ngwenya (unknown name), Charles Ndlovu, the mastermind Sqelo Mahlangu, and Keabetsi Dikobe recruited residents around Elukwatini and promised them that if they bring people to invest they will be paid 10% commission for each recruit,”

says Sekgotodi.

The fraudsters allegedly made presentations in schools and gave children pairs of school shoes as if they were giving back to poor communities.

Sekgotodi says the syndicate employed local…

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