R100 Million Fraud Scandal: Alleged Fake Financial Advisor Jacobus Geldenhuis Arrested and Released on R10,000 Bail
Business
Virgo
Jacobus Stefanus Geldenhuis, 65, has been arrested for an alleged R100 million fraud scheme after posing as a financial advisor. He appeared in the Palm Ridge Specialised Commercial Crimes Court and was released on R10,000 bail. Case postponed to January 2026.
