WC pensioner (68) gets 3 years behind bars for fraud
Jacobus Lambrechts offered false investment opportunities in property developments between 2007 and 2008.
CAPE TOWN - A Cape Town pensioner has been sentenced to an effective three years behind bars for fraud and theft after he conned investors out of more than half a million rand.
Sixty eight-year-old Jacobus Lambrechts was sentenced this week.
Lambrechts apparently offered false investment opportunities in property development between 2007 and 2008.
The man accepted deposits from would-be buyers, showing them a vacant plot around Piketberg, purportedly earmarked for development.
Hawks spokesperson Lloyd Ramovha says the developments never materialised.
"A 68-year-old pensioner has been sentenced to an effective three years imprisonment for fraud and theft, plus an additional five years suspended five years."