Caught in a scam: How Banxso lured an investor into a financial trap

Loading player...
In this eye-opening BizNews Briefing interview, a victim of the Banxso investment scheme reveales how they were lured by promises of high returns and reassurances from "financial experts." Through emotional testimonials, they describe the intense pressure and deceptive tactics that led them to invest their savings, only to face devastating losses. This interview sheds light on the human cost of financial scams, as survivors share their experiences and offer warnings to those navigating the world of online investments.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.
1 Nov 2024 8AM English South Africa Investing · Business News

Other recent episodes

Ian Cameron: 1.8 million citizens abandoned on “stone-age lines of hope”

In his latest interview with Chris Steyn, Ian Cameron, Chair of Parliament's Portfolio Committee on Police, reveals the answer he received from Acting Police Minister Firoz Cachalia on the number of abandoned 10111 calls: almost 1.8 million during the 2025-26 financial year. “That's about 5,000 calls per day. I mean…
11 Nov 4AM 19 min