🚨 Crypto Trader Sentenced to 10 Years & R4.5 Million Asset Forfeiture for Running Fraudulent Investment Scheme! 🚨
In this shocking case, Mfundo Manci, the founder of Crypto Mzansi Group (PTY) LTD, has been sentenced to 10 years in prison and ordered to forfeit R4.5 million in assets after being convicted of several serious crimes, including fraud, contravention of the Banks Act, and violating the Financial Advisory and Intermediary Services Act. This all came after Manci ran a fraudulent crypto investment scheme between 2020 and 2021, promising high returns to investors while secretly using their funds for personal gain.
🔍 Key details of this case:
Manci’s investment scheme promised lucrative returns but was a scam designed to trick investors into giving their money.
He recruited women to promote his scheme, offering them commissions for bringing in new investors, while actually using their money to pay off other investors.
Manci’s sudden disappearance triggered criminal investigations, and R4.5 million was later recovered through an Asset Forfeiture Unit order.
Manci was sentenced to 15 years imprisonment, with 5 years suspended for fraud, and additional sentences for other serious charges, which will run concurrently.
💡 What you’ll learn in this video:
How Mfundo Manci ran a fraudulent crypto investment scam and deceived hundreds of people.
The consequences of financial crime in the cryptocurrency world.
Why crypto scams like this are on the rise and how to protect yourself.
The full story of how the Asset Forfeiture Unit (AFU) tracked down Manci and seized his ill-gotten gains.
Don’t miss out on this exposé of one of South Africa’s most notorious crypto fraud cases!
🔔 Like, subscribe, and hit the notification bell to stay informed on the latest financial crime cases and how to avoid falling victim to scams. Share this video with anyone interested in the dangers of crypto trading scams and learn how to spot fraudulent schemes.
#CryptoFraud #InvestmentScam #CryptoScams #MfundoManci #FraudCase #AssetForfeiture #CryptoScamExposed #FinancialCrime #ScamAlert #CryptoInvesting #FinancialFraud #SouthAfricaNews #FraudPrevention #CryptoTrading #FinancialJustice
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I have a commercial affiliation with iFXBrokers. Please be aware that trading involves significant risk, and you should only invest funds that you can afford to lose. For investment advice please consult a licensed and authorised financial services provider before making any investments.
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I believe a scam is an overhyped program where big promises are being made but no returns ever come out, or when it comes out, its not as promised. I believe a scam also have given no refunds. Fake gurus and snake oil salesmen are usually the people selling these programs and when everything goes bust, they go missing.
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Today i watched more than 10 videos and i can still watch another 100❤
Much love from North West♥️
nice one!!
The cyber crimes unit of SAPS is busy . 2025 is about to be a long year for crypto currency and Betway scammers. Watch the space
Ziyakhala manje
Every game is smart until greed catches up ……….. 1 day pip coin saga will pop up and justice will be served 😅
Why do they always catch these randoms and not rcg and them… 😑
The message is Deep bro. You cooking
Sick video keep it up!
Crypto is amazing but here is gonna be a lot of crypto scams coming in the next few year's 😂😂😂😂
I still believe it's to late to invest in crypto (talking about high value coins)
If they only knew there is a lot of unknown crypto millionaires in SA😂😂😂😂
May God give you strength my brother. Not many can have the courage to do what you do
Keep up the good work bro. You are appreciated
Lesiba's mentor better be prepared 😂😂 you reap what you sow
❤Thanks rydall
The ouens in prison are gonna mine his backside Cryto,and they will be very profitable😂😂😂😂😂😂😂😂😂😂
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 imagining that day he went to ATM and discovered his bank account frozen
Ref Wayne must follow he scammed people with his coin aswell.
How can you trust someone wearing Uzzi eith your money.
Hao, Bitso Mara!!!!!
The irony of this is that he began his scheme aorund or just before the first largest expansion of crytocurrencies so had he actually invested the money he would not have been in this situation. Greed is a slippery slope and ill gotten gains and wisdome do not mix
Maybe he wanted to be Sandile Shezi. I mean, that's how they always start.
He looks so bummy in these videos, how did he con so many people?
How is sandile shezi not yet arrested
5:07 How doesn't he have burner wallets? Why does he keep his wallet address on him, very incriminating 😅 if anyone says let me handle your account for you in CRYPTO or FOREX, just walk away
Simple guys, very simple
Not your keys not your crypto 🤷 people don't listen 🤦