โTil the wheels come off
๐ง๐ต๐ถ๐ ๐๐๐ผ๐ฟ๐ ๐ผ๐ฟ๐ถ๐ด๐ถ๐ป๐ฎ๐น๐น๐ ๐ฎ๐ถ๐ฟ๐ฒ๐ฑ ๐ผ๐ป ๐ฎ ๐๐๐น๐ ๐ฎ๐ฌ๐ฎ๐ฏ.
Earlier this month, Carte Blanche investigated a multi-million rand Ponzi scheme that involved purchasing luxury vehicles without ever paying a loan instalment. The wheels eventually came off in spectacular fashion. Then, days after our broadcast, viewers sent us stories of how they had fallen victim to a more complex but similar scam. We investigate an intricate โride to ownโ scheme which had some motorists owning multiple vehicles that they werenโt paying for and never took possession of. Now, the banks are owed more than R500 million and numerous vehicles have gone missing โ stripped and resold for parts by a shady dealership. The Hawks are investigating but for the so-called victims, itโs time to pay up.
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