Africrypt Investors Push Charges Despite Mystery Payouts
- Bitcoin investors in S. Africa seek arrest of Cajee brothers
- Dubai-based Pennython made payouts to out-of-pocket traders
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A group of Bitcoin investors are pushing for criminal charges against individuals who run a cryptocurrency platform in South Africa suspected to have been fraudulent, in a case that might prove challenging to prosecute.
The investors are seeking the arrest of brothers Raees and Ameer Cajee, age 21 and 18, who operated the company, but haven’t been seen publicly since the scandal broke. That’s even after a mystery benefactor emerged to repay some of the lost cash.