Pulpit robbery: How Shepherd Bushiri scammed investors of millions

Pulpit robbery: How Shepherd Bushiri scammed investors of millions

- The self-proclaimed prophet promised to give people their investments pack within 6 months with a 50% profit

- Hundreds of people reportedly handed over their cash to Bushiri

- However, Bushiri has allegedly failed to pay back a single cent

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ECG Church's Shepherd Bushiri is facing fraud and money laundering charges for alleging defrauding his congregants of their money.

Reportedly, Bushiri promised his churchgoers a 50% return on their investments if they handed their money over to him.

The self-proclaimed promised that he would be able to turn his congregants into millionaires.

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Bushiri demanded all of these investments in cash. As a result, large numbers of ECG church members reportedly gave their money to Bushiri for him to invest.

Many put in over R100 000, while some went so far as to invest over R1 million. Some borrowed the money in order to do so. The majority of thhe investors are alleged to have been retired people. 

Bushiri said that investors would get their money back in six months, plus 50% interest.

However, more than a year since Bushiri made his promises, none of the congregants have been paid back, according to News24.

Following this, more than 250 churchgoers who gave money to Bushiri have reported the incident to the Hawks, who are investigating the matter.

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This follows weeks of speculation regarding the sources of Bushiri's wealth. Bushiri owns several luxury cars, as well as a R20 million private jet. However, many of these assets were seized by law enforcement following the Bushiris' arrest.

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Source: Briefly.co.za

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