GroundUp News: The Morita Forestry investment scam

Lester Kiewit is joined by GroundUp investigative reporter Joel Cedras for a special follow-up on the Morita Forestry investment scam, which GroundUp reports has cost South Africans hundreds of millions of rand. Cedras explained how the scheme attracted investors through promises of daily returns, social media promotion and an appearance of legitimacy, before withdrawals began failing. The investigation also followed the money through cryptocurrency transactions and examines the warning signs that investors may have missed. Good Morning Cape Town with Lester Kiewit is a podcast of the CapeTalk breakfast show.  Lester Kiewit brings you a fresh and reliable start to the day on Good Morning Cape Town with Lester Kiewit. The show covers the stories that matter to Cape Town, with clear, thoughtful conversations and a focus on what’s relevant and interesting. Thank you for listening. Catch the show live on Primedia+ weekdays from 6 am to 9 am (South African time) https://buff.ly/NnFM3Nk Find more from the show, and all catch‑up podcasts on Primedia+ https://buff.ly/xGkqLbT Subscribe to the CapeTalk newsletters to stay up to date https://buff.ly/sbvVZD5  Let’s keep the conversation going online: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/capetalkza CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.