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The only way is through the ombud system or by taking legal action yourself. If someone says they can get your money back but you have to make a payment first – that is a scam upon a scam. Gerhard van Deventer from the FSCA explains.
Health, retirement, crooks and tax issues topped the list.
In search of records they believe were being withheld from them.
Regulator finds widespread misappropriation of client funds, false promises and deliberate misconduct by directors.
FSCA cites misappropriation of client funds and false reporting.
Banxso has vowed to appeal after the Western Cape High Court placed it in provisional liquidation.