Dial A Mula and associated companies have received a securities fraud warning from South Africa’s Financial Sector Conduct Authority (FSCA).

Companies cited in the FSCA’s October 18th warning are:

  • Umvuzo Lifestyle Creators;
  • AW Fund Management Pty Ltd;
  • Dial A Mula Administrators Pty Ltd;
  • Hunters Wealth Empowerment Pty Ltd; and
  • Umvuzo Management Group Ptd Ltd

BehindMLM came across Dial A Mula and Umvuzo in 2022, as part of Hanli Lombard’s series of “Mula” branded Ponzi schemes.

In November 2022 we noted Lombard (right) was up to her fifth “Mula” Ponzi reboot.

The FSCA’s warning cites Juan Albert Mayer. It’s unclear whether Lombard is still involved.

A June 2024 marketing promo suggests Lombard has moved onto LiveGood, a suspected MLM pyramid scheme.

As per the FSCA’s Dial A Mula fraud warning;

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services related  business with Juan Albert Mayer (Mayer); Umvuzo Lifestyle Creators; AW Fund Management (Pty) Ltd; Dial A Mula Administrators; Hunters Wealth Empowerment; and Umvuzo Management Group.

It has come to the attention of the FSCA that Mayer and associated entities are soliciting investments from members of the public, promising high returns, and claiming to be associated with Negroni Group (Pty) Ltd, FSP number 46975.

Negroni Group (Pty) Ltd has confirmed that they are not in any way associated with Mayer and those entities linked to him.

It is the FSCA’s view that Mr Mayer and those entities are conducting unregistered financial services.

Offering unregistered financial services in South Africa constitutes securities fraud.

Curiously, a Google search for “Juan Albert Mayer” returns three results, all of which pertain to the FSCA’s fraud warning. It’s unclear whether this individual exists.

 

Update 20th October 2024 – Juan Albert Mayer goes by Juan Meyer and very much exists.

As per the above LinkedIn profile, Mayer cites himself as a the Group Chairman of UmVuzo Holdings. Mayer is also CEO of something called Aurum Wealth Creators, and a former promoter Karatbars International.

Karatbars International was a gold-themed MLM pyramid scheme turned crypto Ponzi. It collapsed in July 2019 but apparently Meyer didn’t get the memo.