Neil Leon De Waal, a central figure in the GS Partners metaverse fraud case, was taken into custody by South African law enforcement in late May. He was later granted bail on June 3. Authorities initiated an investigation into De Waal after receiving a report from one of his victims. The individual, residing in Benoni, had to enlist the services of a private investigator in Cape Town to locate De Waal. It is said that De Waal brought in a new GS Partners investor in May 2023. The specific details of the timeline are unclear, but an arrest warrant for De Waal was issued in December. He was apprehended upon arrival in South Africa after a flight. His legal team asserts that he will demonstrate his innocence.
