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.

🤖 Quick Answer

What is the Dial A Mula securities fraud warning?
South Africa's Financial Sector Conduct Authority (FSCA) issued a securities fraud warning on October 18th against Dial A Mula and associated companies, including Umvuzo Lifestyle Creators, AW Fund Management, and Hunters Wealth Empowerment. The warning identifies Juan Albert Mayer in connection with these entities.

Who is Hanli Lombard in relation to Dial A Mula?
Hanli Lombard is associated with creating multiple "Mula" branded Ponzi schemes. By November 2022, she had launched at least five "Mula" Ponzi reboots. Her current involvement with Dial A Mula remains unclear, though marketing materials from June 2024 suggest her involvement with LiveGood.

**Which companies were cited in the FSCA

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