Regulator swoops on premises of Coin It Trading and Commex Minerals
Financial Sector Conduct Authority seizes documents, computers in suspected Ponzi scheme
The Financial Sector Conduct Authority (FSCA) has executed a search-and- seizure warrant at the business premises of Coin It Trading and Commex Minerals, as well as the private home of one of the former directors of Coin It Trading.
Both companies are doing business in SA from a shared head office in Dundee, KwaZulu-Natal. Coin It has branches in Johannesburg, Vryheid and Newcastle, while Commex Minerals operates in Durban, Johannesburg and Port Elizabeth...
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