Billionaire businessman Antonio Iozzo who serves as the CEO of Alpha Group which is a privately held holding company spanning insurance, fitness, hospitality (11th floor restaurant in Bedfordview) & property development, was among 3 arrested for alleged R800 Million trust fraud.
The suspects allegedly forged the complainant's signature & these fraudulent documents were then submitted to the Master's Office in Pretoria to officially remove the victim as a trustee.This unlawful action directly resulted in the victim losing approximately R800 million in financial returns.