The law is finally catching up with Jason Wood, a ‘jack of all trades’ conman who allegedly defrauded about 10 men and women in Nelson Mandela Bay out of at least R1.4m, says a report in The Herald.
Wood faces provisional charges of fraud and theft, but the state expects more charges to be added soon. He has two previous convictions for fraud and theft dating back to September 2005 and March 2009, for which he received suspended sentences. Wood appeared in the Port Elizabeth Commercial Crimes Court this week. He is out on R6 000 bail. The state alleges that Wood used his close corporation, Woodies Upholsterers, as a front to fleece unsuspecting investors of hundreds of thousands of rands. The state further alleges that he is in contravention of the Close Corporations Act – which states that no person with a theft conviction may manage a business. The report adds the matter was postponed to 28 June.
Article source: http://www.legalbrief.co.za/article.php?story=20130502131245408