R500-million scammers re-emerge wearing the face of top South African real estate company
- The scammers behind Morita Forestry are indeed re-emerging, but they are not impersonating the Seeff Property Group, but rather rebranding themselves to impersonate the Seeff Property Group.
- The scammers are believed to be based in China, with ties to the country's payment and cryptocurrency channels.
- The re-emergence of the scammers has raised concerns about the effectiveness of law enforcement and regulatory bodies in preventing similar scams in the future.
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