In this week’s edition of
Finweek, investigative journalist Jacques Dommisse highlights that Treoc Capital, part of the Treoc Group, has recently been identified as a pyramid scheme by the liquidation commissioner in an official hearing. The company also appears to have contravened the Banks Act.
This follows hot on the heels of a recent inquiry into Surf Trust, one of Treoc’s investors, which raised questions about information that the property group had been supplying to investors and banks.
According to Treoc marketing material the company has already made 1 000 millionaires and has about R5-billion in assets from South African investors. The company has also hinted at a listing on the Johannesburg Stock Exchange (JSE).
“Finweek has a proud tradition of spotting many questionable investment schemes early on, including the likes of Sharemax, King Financial Holdings, as well as Edwafin, and I think it is worth investors taking a look at some of the points being raised,” said
Finweek editor Marc Ashton.
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