WC pensioner (68) gets 3 years behind bars for fraud

Jacobus Lambrechts offered false investment opportunities in property developments between 2007 and 2008.

Picture: SAPS

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."