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Trail of Brothers Linked to Missing Bitcoin Stash Is Still Murky


Trail of Brothers Linked to Missing Bitcoin Stash Is Still Murky
Jun 28 2021, 8:51 AM
June 27 2021, 6:42 PM
June 28 2021, 8:51 AM
(Bloomberg)
(Bloomberg)
The Cajee brothers, who ran a cryptocurrency investment platform from South Africa that the local regulator suspects of being a Ponzi scheme, are confounding both their family and desperate investors alike.
It’s still hard to establish the whereabouts of Ameer and Raees Cajee, the pair that operated Johannesburg-based Africrypt since 2019. They appear to have vanished, along with an estimated $3.6 billion in Bitcoin an amount that a lawyer for the brothers said was inflated.
Attorney Gerhard Botha, who’s working on the firm’s liquidation case, said some of his clients last made contact with the brothers in May, and he was able to reach them before court proceedings kicked off in Johannesburg. But no “proactive response” was forthcoming from them, Botha said. ....

South Africa , Western Cape , South African , Ameer Cajee , John Oosthuizen , Gerhard Botha , Africrypt Facebook , Johannesburg High Court , Financial Sector Conduct Authority , Raees Cajee , Johannesburg Based Africrypt , Zakira Laher , ரோஸ் பேங்க் , மேற்கு கேப் , ஜெர்ஹார்ட் போத்தா , ஜோகன்னஸ்பர்க் உயர் நீதிமன்றம் , நிதி துறை நடத்தை அதிகாரம் ,

Trail of SA brothers linked to missing Bitcoin stash is still murky


Detail from a photo the brothers Cajee used to promote Africrypt.
It’s still hard to establish the whereabouts of Ameer and Raees Cajee, the pair that operated Johannesburg-based Africrypt since 2019
The brothers appear to have vanished, along with an estimated R50 billion in Bitcoin
Their cousin said the duo liked a nice lifestyle, filled with luxury cars and traveling and that they started making money with crypto ventures at an early age
The Cajee brothers, who ran a cryptocurrency investment platform from South Africa that the local regulator suspects of being a Ponzi scheme, are confounding both their family and desperate investors alike. ....

South Africa , Western Cape , South African , Ameer Cajee , John Oosthuizen , Gerhard Botha , Africrypt Facebook , Johannesburg High Court , Financial Sector Conduct Authority , Raees Cajee , Johannesburg Based Africrypt , Zakira Laher , ரோஸ் பேங்க் , மேற்கு கேப் , ஜெர்ஹார்ட் போத்தா , ஜோகன்னஸ்பர்க் உயர் நீதிமன்றம் , நிதி துறை நடத்தை அதிகாரம் ,