Wednesday, 26 October 2011

Consumer Alert: "Cashflow Pro"

A South African company called Cashflow Pro are doing presentations in Gabs at the moment. They claim that their business is in teaching people how to trade foreign exchange. They claim that they "can make between 10 and 30 percent of their investment every month".

Of course this might be perfectly true, but I suspect not. If they're making so much money why do they want to share the idea with you and me?

I'm not the only one who's suspicious. The South African Reserve Bank and the South African Police Commercial Crimes Unit are investigating the company and it's founder, Jabulani Ngcobo, is under scrutiny. Apparently he's making a bit too much money and very quickly. Too quickly to be legitimate?

By the way, it costs P12,000 to join.

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