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The Cajee brothers, referred to as the ‘crypto bros’, are currently in hiding.

The brothers are responsible for Africrypt, a so-called cryptocurrency investment platform that they claim was hacked, causing massive losses for investors who feel they’ve been duped.

At present, claims against Africrypt by South Africans total at least R200 million, and forensic sleuths in South Africa and abroad are hard at work to track down the missing funds.

Sean Peirce, a Durban private investigator, has been hired by 35 clients who had invested in excess of R50 million in Africrypt, and he’s uncovered some excessive spending habits on the part of Raees and Ameer.

The last known whereabouts of either brother is Raees Cajee’s signed affidavit bearing the stamp of the South African High Commission in Dar es Salaam, Tanzania, which is dated July 19, 2021.

It’s well known that the brothers, through a holding company, purchased a Lamborghini Huracan (pictured below), although Peirce’s investigation shows the vehicle cost R4,75 million when bought second hand.

IOL reports that it was also spruced up to the tune of another R360 000, and that’s just the tip of the spending iceberg:

“They just went wild with other people’s money,” Peirce told IOL.

Peirce said that while it was initially believed that the Cajees owned the Zimbali property, it was later discovered that they had in fact rented it and paid the R720 000 yearly rental upfront.

Image: IOL

“They spent R200 000 on watches, R20 000 on a suit. They were ruthless. I have got two lever arch files of evidence for a criminal case against them. My clients want justice and have given us an unlimited budget to track them down. We are going to go to the ends of the earth to catch them and bring them to justice,” Peirce said.

You can add Peirce’s name to the long list of people on the trail of the Cajee brothers, some of whom aren’t the sort you want to mess with.

Peirce says on one family holiday, when eight people travelled to Dubai and the Maldives, the Emirates first-class tickets alone cost in excess of R590 000.

In reference to the alleged hack, Peirce says he worked in conjunction with a cybercrimes consultant, who found no “malicious activity”.

This led the investigator to conclude that “no hack took place whatsoever”.