Fraud convict, Jabulani ‘Cashflow’ Ngcobo had a rich taste for cars and during his freedom days the socialite/ forex dealer was known to drive some of the most exquisite and expensive cars in the country.
Jabulani “Cashflow” Ngcobo and Mzabalazo Welcome Dlamini were successfully prosecuted and sentenced on several counts of fraud and contravening section 7(1) of the Financial Advisory and Intermediary Services (FAIS) Act. The matter was in court since 2014, and the Specialised Commercial Crimes Court in Durban has now sentenced the two to six years, imprisonment, two of which were suspended, and a fine of R200 000 wholly suspended for five years.
Jabulani ‘Cashflow’ Ngcobo and his cars
Porsche
BMW
Maserati
Porsche
BMW
