"Bitcoin brothers Raees and Ameer Cajee have ruined people’s lives" - private investigator Sean Peirce

Loading player...
Ameer and Raees Cajee (and their company, Africrypt) started making headlines earlier this year when the pair sent out a notice to investors informing them of a security breach. According to a company announcement, the investing platform had allegedly been hacked - with all of the funds stolen. Since then, the story has taken many turns. Silent for weeks, Raees Cajee finally spoke up, saying that he and his family were forced to flee the country, "with our immediate family, including my disabled father — after receiving numerous death threats." It was also reported that the brothers had bought citizenship in Vanuatu, a small island nation which gives its citizens visa-free access to over 130 countries, including the UK. Joining BizNews is private investigator Sean Peirce, who was tasked by Africrypt clients to investigate the alleged hack. Peirce explains the process into investigating the cryptocurrency scandal that has rocked South Africa. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Aug 2021 10AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min