Kriel residents call it the “Jordaan charm”. He could charm the skin off a snake – until his investors started realising this charmer may have a deadly secret.
Now Jaco Jordaan‚ the alleged mastermind behind a Ponzi scheme that pocketed him an estimated R100-million‚ is behind bars‚ after being denied bail in the Secunda Magistrate’s Court last week.
“The guy had a crystal ball‚ every question you asked him‚ he had the answer in place‚” said Derek Smit‚ one of about 100 people in the Mpumalanga town of Kriel who invested money with the former estate agent from Heidelberg.
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