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Massive fraud trial continues in Mossel Bay court



A high profile court case is on the roll in the Mossel Bay Regional Court on Monday.

The trial of a local couple, Graeme en Carolina Minne, charged with fraud involving a staggering R280 million, continues.

The couple is accused of stealing the large sum of money from almost 923 investors in Mossel Bay and surrounding areas. 

Investors from as far as Kempton Park also lost their money in the scheme. 

The case was investigated by the Hawks unit. 

More than 500 people invested their money in a type of pyramid scheme with the assumption that the money would be traded on the international market.

Promises were made to investors that they would earn a 4% interest per month or 65% interest per year. 

The alleged fraud took place between 2002 and 2009.