How pensioners have lost millions in Lorna Jane SA MD’s scandal
The financial adviser will appear in court on fraud charges related to unregulated investments in which his clients may have lost as much as R100m
15 July 2019 - 09:02
The Financial Sector Conduct Authority (FSCA) will investigate the role of all key individuals, including the compliance officer, after a Johannesburg financial adviser was arrested last week on fraud charges related to unregulated investments in which his clients may have lost as much as R100m.
The adviser, Thomas Stringfellow, CEO of the Stringfellow Group, will appear in the Roodepoort magistrate’s court on Monday morning, according to Troy Laas, one of the SA Police Service investigators...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.