Fraudsters strike BSE again

A local stockbroking firm was recently forced to refund a Botswana Stock Exchange (BSE) investor shares worth P290,000 after fraudsters infiltrated the local financial services system with forgeries to impersonate the affected shareholder.

The incident follows a similar con job in which an offshore shareholder lost nearly P500,000 to fraudsters who duped his brokerage firm into selling his shares and depositing the proceeds into a bogus account in China.The latest incident also involves fraudsters sending their ill-gotten gains to China.