Inheritance hijackers: Syndicates cash in on deceased estates
Helen du Toit, a member of the Asisa Forensic Standing Committee and an expert on deceased estate fraud, and investigator Johan Steyn, head of life and operations at the South African Insurance Credit Bureau, both identified the Master’s Office as a point of weakness.
Group CEO Jeannette Marais said on RSG Geldsake that Momentum’s losses from deceased estate fraud were among the lowest in the industry over the past year.
The fraud, known in the financial industry as deceased estate fraud, is on the rise.
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