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MTN Accountant Arrested for Million Dollar Fraud

The suspect is alleged to have transferred money from MTN's bank to her personal account over a two-year period.

A financial accountant for South African telco MTN is behind bars after being accused of stealing ZAR24mn (USD1.8mn) from her employer, reports ENCA.com. Ruth Moshabane was arrested at MTN’s headquarters in Fairland, Johannesburg, after her personal bank contacted MTN about a series of suspicious transfers into her account. It is alleged Moshabane repeatedly took money from MTN’s bank account between 16th July 2015 and 4th April 2017.

Moshabane’s LinkedIn profile says she worked at MTN for almost 14 years, and describes her as a “financial accountant and aspiring entrepreneur.” Who knew that she was talking about a criminal enterprise!

You can read the ENCA.com story here.

Eric Priezkalns
Eric Priezkalnshttp://revenueprotect.com

During his career, Eric has been a Director of Risk Management for a national telco, the Chief Executive of the Risk & Assurance Group, a Chief Marketing Officer for a software business, a consultant, a public speaker and the publisher of Commsrisk since its launch in 2006. Look here for more about the history of Commsrisk and the role played by Eric.

The comms providers that Eric has worked for include Qatar Telecom, Cable & Wireless, T‑Mobile, Sky and Worldcom. In addition to his proficiency at speaking about the current scamdemic, Eric is also a qualified chartered accountant and a subject matter expert in consumer protection, enterprise risk management, fraud prevention, data integrity and billing accuracy. Eric was the lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He can be reached through the contact form on this website.

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