An 81-year-old attorney who swindled a client out of R39m was released on R50 000 bail after he appeared in the Palm Ridge Specialised Commercial Crimes Court yesterday.

Solomon Slom, a former director of Fluxmans Attorneys, was arrested hours before his appearance after investigations linked him to an alleged fraud scheme related to unauthorised withdrawals from a trust account. 

News24 reports that the NPA said that between 2019 and 2024, Slom allegedly withdrew funds from the account for personal benefit through 145 transactions.

‘The escrow agreement was part of a subscription agreement between four parties, including Fluxmans Incorporated, with the accused representing Fluxmans. The funds were meant to be held in Fluxmans' trust account, called the escrow account, until the agreement's terms were fulfilled,’ said NPA spokesperson Phindi Mjonondwane.

‘However, the accused allegedly stole the money by submitting fictitious requisition forms.’

Netwerk24 reports that Fluxmans reported the crimes after the clients insisted on a bank statement and brought the deficit to the firm’s attention.

Slom's bail conditions included handing over his passport, and that he reports twice a week to the police station and does not travel outside of the province.

Full News24 report

Full Netwerk24 report