A 37-YEAR-OLD FEMALE ACCUSED SENTENCED TO EIGHT YEARS IMPRISONMENT FOR 80 COUNTS OF FRAUD AND FIVE YEARS FOR ONE COUNT OF MONEY LAUNDERING
POLOKWANE: Polokwane Specialised Commercial Court has, on Friday, 08 August 2025, convicted a 37-year-old accused Thoko Evelyn Ndlovu, on 80 counts of fraud and one count of money laundering.
The court noted that, since 2015, the accused had been defrauding the clients of Old Mutual Marble Hall of their hard earned money.
The accused would inform the client of Old Mutual that they must invest or buy shares, and she provided them with her Nedbank personal account, and they deposited the money in it, knowing that she would use the money for her personal gain instead of paying into the company’s account.
The total amount that was defrauded is two million five hundred thousand rands.
After five years of investing their hard-earned money, the clients realized that Old Mutual was not sending them information which was supposed to be confirming the date of maturing date of the money of their investment .
They went to Old Mutual to inquire about their investments and that was when they were surprised to learn that their information was not recorded on the Old Mutual system .
After Old Mutual investigation, the clients were advised to open fraud cases.
The cases of fraud and money laundering were opened by the clients for further investigations.
The docket was assigned to Sergeant Ellias Mathenji for further investigations.
Through his investigative skills, he managed to discover that the accused bank account was used during the commission of the crimes.
The accused was arrested during March 2023, and she was granted bail of R50 000,00. until 17 July 2025, when she was found guilty, convicted, and sentenced on Friday, 08 August 2025.
She was declared unfit to possess firearms.
The Provincial Commissioner of police in Limpopo, Lieutenant General Thembi Hadebe, has welcomed the conviction and subsequent sentencing.
