51-year-old Jaco Leon Jordan will appear again at the Secunda Magistrate’s Court on Friday, 2 March, for charges of fraud.

According to information at the police disposal, Jordan lured people who have retired invest half of their pension money into his Ponzi scheme. He, under false pretext promised them double the amount they invested.
When the agreed time came for the people to receive their pay-outs with interest as promised, Jordan was nowhere to be found and subsequently case of fraud were opened against him. In the process of investigation, police in Mpumalanga discovered that Jordan was arrested and attending court at Gauteng on similar cases. According to information, Jordan apparently defrauded people an amount of over R100 million in the province, especially in Secunda and Kriel.
Police warn people not to invest their money in Ponzi schemes.
Anyone who had fallen prey to this man, Jordan, is requested to contact Sergeant Tlou Morifi at
076 691 1761.

The Provincial Commissioner of the police in Mpumalanga, Lieutenant General Mondli Zuma said people should refrain from investing money with people they do not understand. Banks and reputable companies are available that people can do their investments with.