Lukas and Roxanne van Loggerenberg are a South African couple who have been making headlines for their alleged involvement in a multi-million dollar Ponzi scheme. The couple was arrested in January 2023 and charged with fraud, money laundering, and theft.Lukas and Roxanne van Loggerenberg are a South African couple who have been making headlines for their alleged involvement in a multi-million dollar Ponzi scheme. The couple was arrested in January 2023 and charged with fraud, money laundering, and theft. According to prosecutors, the van Loggerenbergs operated a company called L&R Trading, which they used to solicit investments from unsuspecting victims. The couple allegedly promised investors high returns on their investments, but in reality, they were simply using the money to fund their lavish lifestyle. When L&R Trading collapsed in 2022, investors lost millions of rands. The van Loggerenbergs have denied any wrongdoing, but they remain in custody awaiting trial. The case has sent shockwaves through the South African financial community and has raised questions about the regulation of investment companies. The Financial Sector Conduct Authority (FSCA) has warned investors to be wary of companies that make unrealistic promises of high returns. The FSCA has also urged investors to do their research before investing in any company. Investors should check the company’s registration status with the FSCA and read the company’s financial statements. Investors should also be aware of the risks involved in investing and should only invest what they can afford to lose.
Lukas and Roxanne van Loggerenberg. (Daléne Fourie/News24)
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