Professional Update
A
monthly newsletter for KZN Attorneys from the Kwazulu-Natal Law Society

17 July 2009

This professional service draws attention to current and important items of news
 and members are directed to the hosts' websites

InfoUpdate 15 of 2009
Recent Judgments

Electronic copies of this information may be obtained from our librarians at help@lawlibrary.co.za or click on the underlined hyperlink where relevant

Commercial Crimes Courts

Johannesburg

Vodacom scam a 'world first' - 14 July
A R7m scam, allegedly perpetrated by a Vodacom employee, represented a world first in breaching SMS-based (short message signal-based) banking integrity, top security firm Kaspersky Lab has said. On Monday, a Vodacom technician appeared in the Johannesburg Commercial Crimes Court on charges of fraud and contravening the Electronic Communications Act. According to The Citizen newspaper, the Vodacom employee, Mbokodana Christopher Khoza, is at the centre of the grift involving R7m. Nedbank, Absa, Capitec, FNB, Standard Bank, and KwaZulu-Natal's Ithala Bank number among banks affected. - Fin24 website

Vodacom 'scam' : tip of iceberg? - 14 July
In what is believed to be South Africa's biggest computer scam to date, a Vodacom technician and co-accused (allegedly both syndicate members) appeared in the Johannesburg Commercial Crimes Court yesterday on charges of fraud involving around R7 million and contravening the Electronic Communications Act. The Vodacom employee, Mbokodana Christopher Khoza was insistent on bringing a bail application yesterday. - Moneyweb website

Cape link to bank SMS scam? - 15 July
The police's Commercial Crimes Unit in the Western Cape is investigating a handful of cases in the province that could be linked to an elaborate banking fraud syndicate that was bust in Johannesburg recently. A Gauteng newspaper reported on Monday that police had arrested a Vodacom engineer and another person for allegedly stealing millions from Vodacom network users by using SMS technology. - IOL website

Hidden price of a banking scam - 18 July
Christopher Khosa had it all - a loving wife, two children and a third one on the way, a good job at one of SA's biggest companies and a R26 000 monthly salary. Then he threw it all away. On Monday, the 39-year-old Vodacom employee from Olifantsfontein, north of Johannesburg, and an acquaintance known only as “Martin” appeared in the Johannesburg Commercial Crimes Court in connection with an Internet banking scam involving diverted SMSes, believed to be the first of its kind in the country. Now Khosa and Martin face at least 15 years in jail if convicted of fraud. On Friday, Khosa's shocked pregnant wife, Joyce, told the Sunday Times she had noticed a change in her husband's demeanour at the beginning of this month. - The Times website

InfoUpdate : an Information Service supplied by the KwaZulu-Natal Law Society