Thomas Stringfellow arrested – again

Former financial advisor in jail for not appearing in court.
The funding scheme for Lorna Jane chain is allegedly a scam. Image: Moneyweb

Former financial advisor Thomas Stringfellow has been arrested for not appearing in court relating to charges that he misappropriated millions of rands in client funds.

Stringfellow was first arrested on July 11, 2019, when he presented himself at the Honeydew police station. He was then released on bail of R20 000 and appeared in the Palm Ridge Specialised Commercial Crime Court on October 14, 2020. His case was scheduled to go to trial the following month.

His latest arrest was confirmed by SAPS Captain Troy Laas.

Read:
Stringfellow charged with fraud
Well-known financial advisor Thomas Stringfellow arrested

Stringfellow, the CEO of the Stringfellow Group, was facing charges relating to the disappearance of millions of rands relating to the funding of Lorna Jane South Africa, a clothing chain he ran together with his wife Leigh.

It is understood that Stringfellow raised a substantial amount of money, supposedly to fund Lorna Jane, with the promise of paying monthly dividends at a yield of 14% per annum.

The Financial Sector Conduct Authority (FSCA) investigated the allegations against him and provisionally withdrew Stringfellow Financial Services’ operating licence on July 31, 2019.

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Why don’t some politicians and ex-presidents get arrested also?

Long overdue.

Ja, like for the first time. Not even ‘again’.

Having said that, don’t you think Steinhoff’s Mr Jooste should share the same fate?

Or is he mates with JZ and the SG? Wouldn’t surprise me!

Let me guess..he is white.
Two years ago it was BOSASA

Stringfellow can take solace from the fact he is held to a higher standard than Jacob Zuma.

If Stringfellow is found guilty and sentenced to jail time he should simply state that he does not agree with the judge and therefore will not be going to jail. After all if Zuma can do this then so can he. Obviously if he is guilty he should be sent to jail. Similarly, Zuma and Jooste if guilty should be placed in jail and have the key thrown away.

i suppose he has not met a person with a surname “zuma” in jail yet

End of comments.

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