In 2002, police descended on the home of Marietjie Prinsloo and several of her compatriots and the woman who had been dubbed, “The Angel of Vanderbijlpark” was about to be unmasked for what she really was. Their mission was to seize assets and arrest the kingpins of what was then SA’s biggest Ponzi scheme, Krion.
The investigation into her crimes would lead to the longest cumulative prison sentence in South African history.
For the next decade, both the criminal case and the liquidation process would trundle along in fits and spurts, with victims of Marietjie Prinsloo’s R1.5bn fraud waiting in the wings.
Although the criminal case would end with the longest cumulative sentence in SA history being handed down, the liquidation process would deliver no such justice. Victims of Krion would find themselves on the wrong side of a process intended to protect their interests.
In episode 54 of True Crime South Africa, we delve into the scheme that brought many residents in Vanderbijlpark to their knees and ask how the woman called “The Angel of Vanderbijlpark” managed to fool so many people.
SHOWNOTES:
Host: Nicole Engelbrecht
Producer: Nicole Engelbrecht
Music: Snippet from Prime Circle’s Evidence
We would love to meet you on our Social media Platforms, Facebook, Twitter and Instagram.
Join us now. We have a lively discussion Group on Facebook.
Please support the show on Patreon
Please Support the show on PayPal
Helplines
If you’re in South Africa, you can always, always phone SADAG on 0800 456 789
24-hr trauma helpline 082-821-3447
