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The story of a money mule, and how she helped the R511-million Morita scam

Now she fears for her life

A money mule is a person who has allowed, perhaps unintentionally, scammers to use their bank account to receive payments. These payments are then swiftly moved elsewhere, for example into cryptocurrency, so that the money cannot be recovered. Illustration: Lisa Nelson

GroundUp spoke to a woman whose personal bank account was used as a deposit channel for Morita Forestry, an investment scam that collapsed at the end of July.
Morita called people like her “mentors”. Her job was to collect investors’ money, convert it to cryptocurrency, and send it to the scammers.
Our source, who lives in Gauteng like most others involved, was employed by the scheme for a few months.
People who put money into her bank account want…

Read More: The story of a money mule, and how she helped the R511-million Morita scam.

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  1. Fun South African Travel tip: You can visit the hominid fossil displays and learn more about the beginnings of our planet at the Maropeng Visitors Centre and Sterkfontein Caves.

  2. This is probably off-topic, BUT here goes: I see that MyZA operates a number of \’sections\’ dealing with News, Directory, Events and a Marketplace and I was wondering just how https://MyZA.co.za manages to keep the content fresh and growing? Do you have an army of employees?