free agape enterprices (pty) ltd (in business...

FREE AGAPE ENTERPRICES (PTY) LTD (IN BUSINESS RESCUE) trading as Choice Lifestyle Change (the

company)

BUSINESS RESCUE PRACTITIONER'S (BRP) INTERIM REPORT

OBJECTIVE OF INVESTIGATION

The Main objectives of the investigation was to determine the following about the company:

Whether a commercial business came into operation and which underlying business

principles were applied in the operations of the business.

Which funds came into the company and into which accounts were the funds deposited.

How was the funds paid out and to which parties.

To the extent that the funds were not paid out to investors, who were the beneficiaries and

recipients of those payments

Which assets could be found and traced from the payout of funds from the company.

DETERMINE WHETHER A BUSINESS DID EXSIST

During the early stage of the investigation a number of voice recordings were sent to the BRP which

enabled the BRP to determine how investment opportunities were offered to the potential

investors. During these conversations the following were mentioned to potential investors in almost

all occasions:

Potential investors were asked where they heard about the company.

They were told that the business operated on the principles of providing bridging finance;

That the company has had a long business relationship with Rodel, a bridging finance

business is Durban;

The return on an opportunity is between 30 and 60,5% per month of which the company

offered 50% to the investor;

That the funds were always safe since the funds were only used to offer a guarantees and

never left the company’s bank account;

Each guarantee was backed by the funds in the account of the company;

Investors were given the assurance that, in spite many investigations into the affairs of the

company, the company did not run a pyramid scheme;

In some interviews it was also mentioned that the company is involved in property

development and bridging finance;

Further mention was made that all funds were paid into a trust account which is safe and

secure ;

In correspondence to investors it was mentioned that the company use a panel of

attorneys.

During interviews with potential investors it was suggested that pension funds and

investments with banks must be accessed and cashed in so that it can earn the high returns

which the company can offer.

In an attempt to test the above statements and to determine whether a business had been in

operation the following were determined:

Rodel denies that it ever did any business with the company. The only transaction with

Rodel that we could find was an application completed by Maarten Stapelberg on behalf of

Mr and Mrs Viljoen (Viljoen) from Somerset West on 27 July 2012. Viljoen advised the BRP

that their signatures on the application form were forgeries.

Mr Viljoen made a statement to SAPS Somerset West on 16 February 2013 stating that he

did not sign the Rodel application form and that he had been defrauded into the

transaction.

Viljoen and Maarten Stapelberg concluded a business transaction in terms whereof Mr.

Viljoen was to develop 40 low-cost housing units in Caledon and 15 units in Robertson. My

investigation however revealed that this project never came off the ground and ended with

Viljoen filing criminal charges against Maarten Stapelberg with the SAPS of fraud and

forgery.

In a further attempt to determine whether the company was ever involved in property development

or bridging finance we consulted with Mr Pienaar who was originally from Limpopo Province, who

advised me as follows:

During 2013 Maarten Stapelberg approached Pienaar to assist him with property

development in the Western Cape. Maarten Stapelberg was living in Caledon at that stage.

Pienaar was approached with an opportunity to develop 180 Gap Housing units in Caledon

and 600 units in Bredasdorp.

The municipality offered stands at R 45 000-00 each and Maarten Stapelberg/ his company

“The Bond Specialist” arranged finance on behalf of the buyers to buy a stand and develop a

house at a total amount of R 260 000-00 - R 350 000-00 for two and three bedroom

apartments.

Maarten Stapelberg assisted each potential buyer to apply for a short term loan of R 10 000

to be able to pay 10% deposit on the stand (R 4500) plus attorney fees of R 5500-00.

After the R 10 000-00 loan was approved by African Bank, the bank paid the loan to the

potential buyer who then withdrew the cash and handed the same to Stapelberg who was

going to arrange home loans for the purchasers. Pienaar later realised that no loan

applications had been lodged on behalf of the potential buyers.

This project too did not come off the ground and ended with Pienaar filing criminal charges

of fraud and forgery against Stapelberg under number 105/2/2014 at Caledon Police station.

In a further attempt to find an underlying business we scrutinised the bank accounts and statements

looking for any income coming into the accounts either in the form of construction income, bridging

finance fees, commission or profits from joint venture activities:

An account was opened in the name of "Beleggingstrust" with FNB during Oct/Nov 2014 in

the name of Maarten Jacobus Stapelberg and Wouter Jacobus Botha.

From inception to December 2017 approximately R 214m were deposited into this account.

The activities on this account were reported by First Rand to the Registrar of Banks on 10

April 2017 for an investigation into possible illegal deposit taking and/or fraudulent

activities.

From our investigations it is clear that all deposits came from investors and no commercial

transactions could be found.

What was interesting and unusual for a company was that the account was not opened in

the name of the company although the company had already been registered.

The name of the account is strange in that it creates the impression that it is a trust or that

the funds are paid into a trust account which is not the case.

Furthermore the account was used by Maarten Stapelberg for all his and his family’s

personal expenses.

Funds were transferred from the FNB account to Maarten Stapelberg's ABSA Bank account

with the reference "Salary/FNB Salary" in many instances. It is clear that this was done to

create an impression that a substantial amount was earned in the form of salaries.

This practice was extended to also pay large amounts of "salaries" to Wouter Botha, Nadine

van der Merwe and Donald Bothma. This aspect will be discussed in more detail when we

look into the payouts and utilising of funds.

The funds transferred to Maarten's personal Bank accounts were then transferred to other

ABSA accounts in his name and then paid out to investors as so-called "income" on their

investments.

During 2015 an account was opened with Standard Bank Caledon in the name of Free Agape

Enterprises Property which although not in the correct name, was used to receive investors’

funds at a later stage. Initially funds which were paid into FNB then transferred to ABSA,

were then transferred to the Standard Bank account.

During the 12 months ending December 2016 R 3m was paid into the standard bank account

and R 380m during the 12 months ending December 2017 when Mr Stapelberg died.

No income from any business activities were found in neither the FNB nor the Standard Bank

account.

We can therefore safely say that all so-called income/dividends paid to investors were paid

from their own money and that the activities of the company were in fact illegal. Investors

were mislead by the officials of the company.

OUT FLOW AND TRANFER OF FUNDS.

The inflow of funds during some months exceeded the payments of "dividends" and excess

funds were transfer into a Standard Bank Capital account similar to a Money Market.

Eventually the payment of dividends started to exceed the inflow of investments.

During the month from 31 August 2017 - 22 September 2017 the following transactions

were recorded in the Standard Bank account:

Opening balance R 20 780 058

Deposits paid in by Investors R 63 857 720

"Dividends" and capital paid out R 64 000 000

Transfer to Standard Bank Capital Account R 19 500 000

Bank charges for the month R 72 903

During the month from 23 September 2017 - 22 October 2017 the following transactions

were recorded in the Standard Bank account:



Transfer from Standard Bank Capital Account R 19 500 000


It was obvious that the tide had turn and some investors were offered an increased

dividend, clearly an attempt to encourage additional investments.

During the following month from 23 October 2017 - 22 November 2017 the following

transactions were recorded in the Standard Bank account:



Transfer from Standard Bank Capital Account R 3 045 000


During the following month from 23 November 2017 - 23 December 2017 the following

transactions were recorded in the Standard Bank account:



Transfer from Standard Bank Capital Account R 500 000


During the above months payments were made to the following individuals which require

further investigations:

Kylie Lobb R 51 110

Francis Stapelberg R 38 450

Riaan de Beer R 11 007 000

Riana Bezuidenhout R 416 483

Maarten Stapelberg R 1 317 950

Dolf Botha R 256 500

Matre van Aard R 213 000

Wouter Botha R 1 327 602

Nadine van der Merwe R 251 000

Hans de Lange R 9 750

Riaan de Lange R 28 000

Brandon Kruger R 433 780

ABSA Choice R 105 000

ABSA Choice R 190 000

From July 2015 to March 2017 cash amounts of R 750 000 were drawn from the Standard

Bank account.

Further payments from the Standard Bank account were as follows:

MJ Stapelberg R 1 481 465

Ryan Hendriks (Builder) R 376 100

Various Shops R 205 958

Various Flights R95 769

Hotel accommodation R 52 545

Building expenses R 318 481

Furniture R 261 360

Vehicle expenses R 139 308

Ruanda R 6000

Other expenses, gifts, clothing etc. R 163 432

Build It Gansbaai confirmed that a cash account was opened by Maarten Stapelberg in the

name of Free Agape Enterprises and that all building material were delivered at 51 Ingang

Street De Kelders Ganbaai.

We have been informed that this property was acquired in the name of Wouter Botha with

an agreement between Wouter Botha and Maarten Stapelberg that, in the event of

Maarten’s death, the property was to be transferred without any compensation to Francis

Stapelberg. The property was indeed transferred to Francis Stapelberg on 14 March 2018.

All payments in respect of this property (purchase price, transfer duty and improvements)

came from Free Agape Enterprises funds – for example building material of R111 050 were

bought from Build It, Gansbaai. We received confirmation that Francis Stapelberg had

bought various items from Tafelberg Furniture for R65 000. These items were paid for with

Free Agape Enterprises funds and were delivered to Francis Stapelberg. Various other

furniture companies were paid with funds of Free Agape Enterprises.

The following amounts were paid from the ABSA Bank account of MJ Stapelberg (Account

4083914193) after investors funds were transfer from the FNB Account ("Beleggingstrust"):

DATE DISCRIPTION REFERENCE information

available

AMOUNT

13/11/2014 Pam Golding De Aar CHEQ 0076 Acquisition of Land

R 109,000.00

15/1/2015 Tent 0008 p.7 Tent was purchased

R 5,000.00

22/1/2015 JP 0009 P.2 JP might be an Attorney

R 5,000.00

22/1/2015 Wynand 0009 p.3 Business partner ?

R 4,500.00

31/1/2015 J Michaels 0009 p.5 Business partner ?

R 2,500.00

5/2/2015 Agape (Pty) Ltd 0009 p.7 Agape (Pty) Ltd

R 11,500.00

27/2/2015 Agape (Pty) Ltd 0010 p.3 Agape (Pty) Ltd

R 13,800.00

3/3/2015 Kyle Lobb 0010 p.4 Family non employee

R 11,800.00

4/3/2015 Denise 0010 p.5 Business partner ?

R 10,000.00

17/3/2015 Pa 0011 p.1 Family non employee

R 1,000.00

25/3/2015 Euodia Venter 0011 p.2 Business partner ?

R 4,350.00

25/3/2015 Pieter Hamman 0011 p.2 Business partner ?

R 3,000.00

27/3/2015 Fagan 0011 p.4 Business partner ?

R 3,000.00

7/4/2015 Francis 0011 p.6 Family non employee

R 400.00

7/4/2015 Instant Life 0011 p.7 Life policy

R 460.08

9/4/2015 Struisbaai verv 0011 p.7 Look for property

R 1,500.00

15/4/2015 Pienaar 011 p.8 investor ?

R 3,000.00

24/4/2015 Chantel 012 p.3 investor ?

R 3,000.00

24/4/2015 Brandon 012 p.3 investor ?

R 1,500.00

29/4/2015 Unknown CHEQ 0057

R 15,400.00

2/5/2015 W J Stapelberg 012 p.5 Brother's son

R 1,000.00

4/5/2016 FL Ess 012 p.5 investor ?

R 2,000.00

18/5/2015 Denise 013 p.1

R 3,000.00

18/5/2015 N Vermeulen 013 p.1

R 1,000.00

7/6/2015 Karavaan 0013p.7

R 32,000.00

10/6/2015 Claim Bond 0013 p.8

R 34,000.00

10/6/2015 Claim Bond 0013 p.8

R 100,000.00

10/6/2015 Herreregte Wouter 0013 p.8

R 90,739.50

13/6/2015 Wimpies DIY 0013 p.8 Look for property

R 3,418.15

16/6/2015 Ministry 0014 p.1

R 3,000.00

16/6/2015 R Spray 0014 p.1

R 10,000.00


R 15,000.00

27/6/2015 J&A Electric 0014p.4

R 1,930.00

1/7/2015 Louis & Ruanda 0014p.5 Family non employee

R 5,000.00

28/7/2015 JP Joubert 0015p.2 Attorney

R 34,623.33

20/8/2015 Lot 1387 0016p.1

R 5,000.00 21/8/2015 Lot 1387 0016p.1

R 62,800.00

21/9/2015 NAEDO Opspoor DTORD NORMBISSET 0017p.1

R 6,336.38

14/10/2015 Mercedes 0017p.4

R 25,000.00

17/10/2015 Outreach NPO 0018p.1 NPO

R 16,945.44

4/12/2015 Charity 0019p.3

R 1,967.14

4/12/2015 Charity 0019p.3

R 1,967.14

4/12/2015 Charity 0019p.4

R 1,967.14

4/12/2015 Charity 0019p.4

R 1,967.14

4/12/2015 Charity 0019p.4

R 1,967.14

4/12/2015 Charity 0019p.4

R 1,967.14

4/12/2015 Charity 0019p.4

R 1,967.14

20/12/2015 Belegging 0020p.1

R 2,000.00

20/12/2015 Belegging 0020p.1

R 500.00

20/12/2015 Belegging 0020p.1

R 500.00

20/12/2015 Belegging 0020p.1

R 500.00

7/1/2016 NAEDO Opspoor DTORD DMC-D 0020p.4

R 8,833.33

8/2/2016 S de Lange 0021p.4

R 6,000.00

9/2/2016 Hans 0021p.4

R 3,000.00


R 40,000.00

5/4/2016 W J Botha 0023p.6

R 100,000.00

11/4/2016 Cumulus E46 0023p.8

R 50,000.00

12/4/2016 J Wentzel 0023p.8

R 2,000.00

26/4/2016 F J Stapelberg 0024p.2

R 35,000.00

29/4/2016 Cumulus E46 0024p.4

R 25,000.00

3/5/2016 Sanlam Debit order Sanlam R 23,000.00

1/6/2016 Sanlam

Debit order Sanlam

R 23,000.00

1/7/2016 Sanlam

Debit order Sanlam

R 23,000.00

1/8/2016 Sanlam

Debit order Sanlam

R 23,000.00

1/9/2016 Sanlam

Debit order Sanlam

R 23,000.00

3/10/2016 Sanlam

Debit order Sanlam

R 23,000.00

1/11/2016 Sanlam Debit order Sanlam R 23,000.00

2016/05/01 Cumulus E46

R 25,000.00

2016/05/02 Cumulus E46

R 25,000.00

2016/05/15 Cumulus E46

R 35,000.00

2016/05/17 Cumulus E46

R 45,000.00

2016/05/31 Cumulus E46

R 15,000.00

2016/06/01 Cumulus E46

R 15,000.00

2016/06/01 Cumulus E46

R 15,000.00

2016/06/04 TERUGBETALING

R 107,000.00

2016/06/05 Simply silver

R 3,239.00

2016/07/09 cheq 95

17,000.00

2016/07/09 cheq 94

38,000.00

2016/08/31 Leopords Mowers

R 5,500.00

2016/09/01 S de Lange

R 6,000.00

2016/09/01 S de Lange

R 6,000.00

2016/09/05 Cheq 169

R 37,000.00

2016/09/12 Mammie

R 2,000.00

2016/09/19 cheq 170

R 10,000.00

2016/09/23 cheq 173

R 14,000.00

2016/09/30 cheq 175

R 16,000.00

2016/10/07 DLD VISSER

R 10,000.00

2016/10/15 cheq 178

R 32,000.00

2016/10/19 cheq 177 RETURN SIGNATURE DIFFERS

R 5,500.00

2016/10/30 FOREIGN NOTES CT Airport FBS8158826316J30 CAPE TOWN AIRPORT

R 27,975.80

2016/11/10 E46

R 105,000.00

2016/11/11 OUNOOI

R 149,900.00

2016/11/20 10DE

R 100,000.00

2016/12/10 ERNEST

R 10,000.00

2016/12/22 THYS SNYMAN

R 15,000.00

2017/01/24 YM CALANI

R 10,000.00

2017/01/28 HENNIE KRUGER

R 30,000.00

2017/02/06 Belegging

R 90,000.00

2017/02/13 Marius Smit

R 25,000.00

2017/04/01 Outsurance

R 1,596.05

2017/05/17 Savings

R 120,000.00

2017/05/22 Ingang straat 51 De Kelder

R 15,000.00

2017/05/22 Savings

R 119,000.00

2017/05/29 Hulp

R 15,000.00


R 2,154.88

2017/06/14 Pledge

R 60,000.00

2017/06/21 "Regstelling

R 195,000.00

2017/06/23 Salaris

R 15,000.00

2017/06/23 Aanvul

R 10,000.00

2017/06/23 Savings

R 250,000.00

2017/06/23 Aanvul

R 6,500.00

2017/06/27 Aanvul

R 30,000.00

2017/07/03 Aanvul

R 10,000.00

2017/07/04 Savings

R 105,000.00

2017/07/14 Aanvul

R 5,000.00

2017/07/24 Hulp

R 15,000.00

2017/07/26 FJ Stapelberg

R 35,000.00

2017/07/27 Louis & Ruanda

R 3,000.00

2017/07/29 Cumulus E46

R 120,000.00

2017/08/01 Medies

R 16,500.00


R 2,606.25

2017/08/24 LAL Tsefu

R 3,000.00

2017/08/25 Medies

R 15,000.00

2017/08/25 Cumulus E46

R 105,000.00

2017/08/25 Nedbank

R 122,611.13

2017/08/25 R Bezuidenhout

R 72,410.13

2017/08/25 Medies

R 6,500.00

2017/08/29 Medies

R 8,900.00

2017/09/07 Medies

R 18,000.00

2017/09/07 Medies

R 6,000.00

2017/09/18 ABSA Bank 2404

R 11,200.00

2017/09/22 Wilco

R 15,000.00

2017/09/22 Mariska Stapelberg

R 9,789.13

2017/09/22 Francis

R 35,000.00

2017/09/22 Francis

R 35,000.00

2017/09/23 Sonja & Rudi

R 5,000.00

2017/09/25 Mariska Stapelberg

R 9,894.72

2017/09/26 YM CALANI

R 13,500.00

2017/10/04 CFAN

R 20,500.00

2017/10/10 Outreach Lagos

R 24,494.00

2017/10/11 Herstelwerk

R 10,000.00

2017/10/13 ABSA Bank Lagos

R 12,800.00

2017/10/16 CCTV Ingang straat De Kelders

R 29,869.40

2017/10/21 Cash withdraw

R 100,000.00

2017/10/24 Ministry Lagos

R 619,000.00

2017/10/26 FOREIGN outward transfer

R 15,000.00

2017/11/07 FOREIGN NOTES CT Airport

R 21,440.70

2017/11/13 Savings

R 1,400,000.00

2017/11/14 Uilenkraals plot 600

R 95,000.00

2017/11/20 D Trust

R 95,000.00

2017/11/21 Rates & Taxes

R 2,000.00

2017/11/21 Francis

R 35,000.00

2017/11/23 Savings

R 500,000.00

2017/11/23 Cumulus E46

R 105,000.00

2017/11/24 Esential IT solut

R 6,000.00

2017/11/25 Savings

R 150,000.00

2017/12/01 FOREIGN outward transfer

R 120,000.05

2017/12/03 Ocean Breez Hotel Group Strand

R 3,400.00

2017/12/03 Ocean Breez Hotel Group Strand

R 1,000.00

2017/12/08 Erflating

R 20,000.00

2017/12/12 Maarten

R 20,000.00

2017/12/13 Master Cart transfer funds

R 100,000.00

2017/12/13 Herstelwerk

R 25,000.00

2017/12/14 R Spray

R 50,000.00

2017/12/17 Cash withdraw

R 3,000.00

R 7,384,387.43

THE FOLLOWING AMOUNTS WERE PAID FROM ANOTHER ABSA ACCOUNT Number 9296330208 after

investors funds were transfer from the FNB Account ("Beleggingstrust"):

DATE DISCRIPTION AMOUNT

2016/03/01 DDKK

15,000.00

2016/03/02 Riana Bezuidenhout

36,600.00


18,000.00


2,000.00

2016/03/07 De Kelders

30,000.00

2016/03/07 MAARTEN

30,000.00

2016/03/09 S DE LANGE

6,000.00


6,000.00


3,300.00


1,700.00


360.00

2016/03/23 FJ STAPELBERG

5,400.00

2016/03/24 S DE LANGE

15,000.00


7,800.00

2016/03/31 MAARTEN

30,000.00

2016/04/02 CUMULUS E46 MAARTEN

150,000.00


2,000.00

2016/04/03 MADRE V AARD

45,000.00


30,000.00

2016/04/04 DDKK

15,000.00


18,000.00


38,080.00


2,400.00


500.00


3,100.00

2016/04/25 WJ Botha

85,852.63

2016/04/27 S DE LANGE

15,000.00


8,730.00

2016/04/27 S DE LANGE

6,000.00

2016/04/27 WJ Botha

6,000.00


6,000.00

2016/04/28 MAARTEN/ANDILE

10,000.00

2016/05/01 DDKK

15,000.00


2,000.00

2016/05/03 M VAN AARD

45,000.00

2016/05/03 M VAN AARD

30,000.00


6,000.00


18,000.00


1,440.00

2016/05/18 WJ Stapelberg

1,000.00

2016/05/18 Riana Bezuidenhout 2,400.00


3,550.00


7,850.00

2016/05/25 WJ Botha

85,852.61

2016/05/26 FJ Stapelberg Salaris

35,000.00

2016/05/26 S de Lange

15,000.00

2016/05/27 Madre van Aardt

15,000.00

2016/05/30 10de Allan

6,750.00

2016/05/30 10de Allan

6,750.00

2016/06/01 DDKK

15,000.00


6,200.00

2016/06/02 Maarten

200,000.00

2016/06/02 S de Lange

6,000.00

2016/06/02 S de Lange

6,000.00


18,000.00


30,000.00


2,000.00


45,000.00

2016/06/03 S de Lange

6,000.00


1,440.00

2016/06/10 10de

40,000.00

2016/06/10 Tanzanie

50,000.00

2016/06/10 Maarten

250,000.00


3,600.00


2,400.00

2016/06/19 Maarten Andile

10,000.00


11,100.00

2016/06/24 S de Lange

15,000.00

2016/06/25 10de

20,000.00

2016/06/27 Madre v Aard 208

100,000.00

2016/06/28 Cumulus Madre

15,000.00


7,650.00

2016/07/01 DDKK 1/7

15,000.00

2016/07/01 R Bezuidenhout 1/7 208

2,000.00

2016/07/05 R Bezuidenhout 5/7 208

18,000.00

2016/07/01 Madre v Aard 208 1/7

30,000.00

2016/07/01 Madre v Aard 208 1/7

45,000.00

2016/07/06 R Bezuidenhout 6/7 208

2,850.00

2016/07/11 FJ Stapelberg 13/7

4,200.00

2016/07/12 R Bezuidenhout 13/7

4,200.00

2016/07/13 WJ Stapelberg (Broer se seun)

12,000.00

2016/07/30 e46 rek 208 30/7

105,000.00

2016/07/31 R Bezuidenhout 31/7 208

6,000.00

2016/07/31 S de Lange R6kx2 208

12,000.00

2016/08/03 Madre van Aard 208

30,000.00

2016/08/03 Madre van Aard 208

45,000.00

2016/08/02 ABSA DDKK 208 2/8

15,000.00


4,200.00


18,000.00

2016/08/06 R STAPELBERG

3,000.00


4,200.00


4,200.00

2016/08/25 W J STAPELBERG

8,000.00

2016/08/26 De Kelders 208 26/8

10,000.00

2016/08/26 De Kelders 208 26/8

24,500.00

2016/08/26 S DE LANGE

15,000.00


15,000.00

2016/09/01 S de Lange

6,000.00

2016/09/02 MADRE VAN AARD

30,000.00


45,000.00

2016/09/02 RUANDA STAPELBERG

23,000.00

2016/09/05 DDKK

15,000.00


18,000.00


4,300.00


7,500.00


15,000.00


100,000.00

2016/09/13 E 46

200,000.00

2016/09/14 LOUIS RUANDA

3,000.00

2016/09/20 WOUTER

5,000.00


15,000.00


15,000.00


12,100.00


200,000.00

2016/09/24 W BOTHA

85,612.18

2016/09/24 W BOTHA

15,000.00

2016/09/24 W BOTHA

10,000.00

2016/09/24 SALARY CHOICE

41,834.19

2016/09/24 SALARY

35,000.00

2016/09/26 S DE LANGE

15,000.00


15,000.00


15,960.00


15,000.00


15,000.00


14,670.00


45,000.00


18,000.00


4,200.00


9,000.00

2016/10/12 HANS DE LANGE

700.00

2016/10/12 LOUIS RUANDA

2,800.00


700.00


13,700.00


15,000.00


40,097.19

2016/10/22 SALARY

35,000.00

2016/10/24 SALARY

86,712.18

2016/10/24 SALARY HOUSING

20,000.00

2016/10/24 SALARY VEHICLE

15,000.00

2016/10/24 SALARY

86,512.18

2016/10/24 SALARY HOUSING

10,000.00

2016/10/24 SALARY VEHICLE

7,500.00


850.00


4,800.00

2016/10/28 S DE LANGE

15,000.00


15,000.00

2016/10/28 OU NOOI

20,000.00

TOTAL

3,715,703.16

THE FOLLOWING PAYMENTS ALSO NEED FUTHER INVESTIGATIONS:

FNB ACCOUNT (BELEGGINGSTRUST) 62504072167

DATE DISCRIPTION AMOUNT

2015/01/29 Mercedes Benz 1 R 1,455.82

2015/06/25 Investments R 120,000.00

2015/12/19 M van Niekerk Free Agape Rio 10,000.00

2016/01/07 Opening - nuwe rekening? 40,000.00

2016/02/12 ERF 616 De Kelders W Botha eiendom 21,073.60

2016/02/13 Donald Bothma ? Salary ? R 31,286.19

2016/04/04 CUMULUS E46 BELEGGING 165,000.00

2016/03/17 STANDARD BANK R 7,020.45

2016/04/04 CUMULUS E46 BELEGGING R 165,000.00

2016/04/18 TRUST ?? 25,000.00

2016/04/17 Std Bank Stapelberg 7,020.45

2016/04/28 JUANITA MULLER SALARY/MATERNITY 11,354.16

2016/04/28 CHOICE (Maandelikse betaling) 57,650.00

2016/05/09 M V Aardt - E46 15,000.00


2016/05/28 Rod1001/16 500,000.00

2016/06/17 Lornaworx 14,600.00

2016/07/05 Tiende 30,000.00

2016/07/08 Rhyno Nel werk 6,750.00

2016/07/18 MJS BELEGGING 142 Joubert Straat 48,000.00


2016/08/13 Plumbing 2,500.00

2016/08/15 Electric 500.00

2016/08/15 Plumbing 23,500.00

2016/10/12 Mammie MonicaCoetzee 10,000.00

2016/10/15 Incentive 100,000.00

2016/11/10 De Kelders 2,273.68

2016/11/24 Johanna Scheepers (Is sy 'n belegger?) 1,000,000.00

2016/11/25 10 de 60,000.00

2016/12/01 Zane Zergel (Belegger ?) 342,000.00

2016/12/03 Lourens Botha (Familie? /Belegger?) 96,500.00

2016/12/03 De Kelders??? 300,000.00

2016/12/10 E 46 120,000.00

2017/01/19 Beleggingstrust 114,000.00

2017/03/15 Id Printer R 30,000.00

2017/03/15 Id Card Printer R 29,073.42

2017/02/20 Trust Capital gain 1,000,000.00

2017/03/02 Aansuiwering Trust Capital gain R 1,000,000.00

2017/05/05 BUILD IT 5,000.00


2017/04/28 Cumulus E46 105,000.00


2017/06/02 Shuttle Loui&Ruanda 1,800.00

2017/06/03 E46 105,000.00

2017/06/14 Overhead settlement 34,906.38

2017/06/27 Donald Bothma ? Salary ? 34,812.16

2017/08/28 Choice MJS Investment Income 56,500.00

2017/08/30 Closeout Balance R 100,278.30

6,139,478.93

CUMULUS E46 INVESTMENT:

An investment group was created by Maarten Stapelberg to include the following members:

B Kruger (Brandon?)

P Hamman (Pieter?)

M van Aard (Matre?)

S de Lange (Shirley?)

M Stapelberg (Maarten)

W Botha (Wouter)

N van der Merwe (Nadine)

Each Member had to contribute R 150 000 for an initial investment of R 1 050 000 referred

to as Cumulus E46 Investment. Thereafter each member paid R 15 000 per month so that a

monthly contribution of R 105 000 could be made.

Although various payments of R 105 000, and other amounts, with references E46 and or

Cumulus E46 or just Cumulus were made from the funds of Free Agape Enterprises, the only

Investment which we found was a Sanlam Investment of R 510 000, linked to the Estate MJ

Stapelberg, claimed by Francis Stapelberg as beneficiary, currently handled by Sanlam Death

Claims Department. We have written to Sanlam to inform them that no payout must be

effected since we will have a claim against the proceeds of this investments and any other

Cumulus investments which might still be found.

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