MEMBERS of a prominent Uitenhage family – the Jeevas – are among thousands of people who fell victim to a multimillion- rand Ponzi scheme which targeted wealthy Muslims across South Africa.
Investors lost more than R200-million in total.
Now the Jeevas and more than 800 other investors who may have seen some returns could be forced to return the spoils.
The liquidators for World Focus 889 CC, run solely by Cape Town financial broker Jasmin Ebrahim, have asked the Western Cape High Court to order 871 investors to return any profits paid to them.
The investors, mostly wealthy professionals from Port Elizabeth, Uitenhage, Johannesburg, Cape Town and Durban, lost about R200-million when the scheme collapsed in April 2010.
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