Hawks Apprehend Second Suspect in R1.2 Million Speedpoint Machine Scam

An extensive investigation by the Serious Commercial Crime Investigation unit of the Hawks has led to the arrest of an additional suspect implicated in a sophisticated speedpoint machine fraud exceeding R1 million. The 41-year-old man is expected to appear before the Mthatha Specialised Commercial Crimes Court following his arrest in East London on November 8, 2024.

The probe into this intricate deceit began when a hotel owner from Tsomo came forward after discovering discrepancies in their business finances. It was discovered that the sales processed through the speedpoint machines were not being deposited into the hotel's account. This red flag prompted an immediate investigation by the Hawks.

The complainant recalled that initially, the speedpoint machines were offered by a self-proclaimed employee of Yoco Technology (Pty) Ltd, and they were sold at a total cost of R3,500. However, a thorough forensic analysis spearheaded by the Queenstown-based Hawks unveiled that the account accumulating the sales funds was owned by the newly arrested East London resident. Further evidence confirmed that the suspect had conspired with Dylan Buzz Strydom, who was previously apprehended, to execute the scam.

Between July and September 2023, this fraudulent operation siphoned an estimated R1.2 million. While Strydom was granted R500 bail after his arrest on September 23, 2024, and subsequent court appearance, the second suspect remains in custody until his court date.

The rapid capture and successful unraveling of this scheme are attributed to the highly skilled teams in the Hawks, dedicated to combating commercial crime. Major General Mboiki Obed Ngwenya expressed his commendations for the swift response and expert investigative work that led to this significant breakthrough.

The case underscores the ongoing efforts of the Hawks to dismantle fraudulent activities that hinder the economic integrity of South African businesses. With both suspects now facing the consequences of their actions, the case serves as a stern warning to potential fraudsters about the severe repercussions of such crimes.