A PORT Elizabeth debt collector appeared in court yesterday after he allegedly ran a R1.6-million pyramid scheme into the ground.
Eugene Scheepers faces charges of fraud, or alternatively theft, contravention of the Debt Collectors Act and reckless trading. He appeared briefly in the Port Elizabeth Commercial Crimes Court.
The state alleges Scheepers, in his 40s, used his wife’s company, Mandela Metro Tracers (MMT), to run the fraudulent investment scheme between 2007 and 2008.
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