News24

Commision finds auction boss guilty - report

2012-03-31 14:40

Johannesburg - Embattled Auction Alliance boss Rael Levitt has been found guilty of bid rigging and fraud, according to a report on Saturday.

In what has been dubbed the biggest the white collar crime to be exposed in South Africa, the National Consumer Commission ruled against Levitt, The Saturday Star reported.

Levitt now faces a R1m fine or 12 months in jail.

The decision comes after a complaint was lodged by businesswoman Wendy Appelbaum who argued that she had been "duped" in a phoney auction in December.

Appelbaum told the publication that she was satisfied justice had been done.

Comments
  • IAnon - 2012-03-31 14:57

    A mere PITTANCE for these thieving Bastards - give him both, 12 months and R1mil and then some !!!

      Vusi - 2012-03-31 15:07

      He is smiling all the way. One Million is nothing for him! Justice? This is justice after 30 years of defrauding the system?

      Patiwe - 2012-03-31 16:35

      Jail time will be approptiate and 20% fine on all sales for all the years he had been doing this. It I understand the article very well he must be charged for fraud.

      maseratifittipaldi - 2012-04-01 08:57

      I agree with you Patiwe. This is a criminal matter and should be dealt with by the High Court, not only the Consumer Commissioner.

      Kaizer - 2012-04-12 18:14

      I have seen these auctions first hand. The auctioneers pump up the price soo fast , you as a spectator who is just trying to view and monitor who is bidding would be left stumped. You can't even pick the bidder , yet the auctioneer can and still rattle away to higher prices without a hand being raised.

  • Shirley - 2012-03-31 15:15

    Is that the best they can do??????

  • Theodore - 2012-03-31 15:24

    You will never see me at an Auction Alliance auction again.

      IAnon - 2012-03-31 15:33

      @Theodore - That should read 'You will never see another Auction Alliance again' boycott them 100% on all fronts.

      Patiwe - 2012-03-31 16:37

      Me either, I'm one of their victims as well.

      Sheik - 2012-03-31 16:55

      They won't survive.

      Theodore - 2012-03-31 21:25

      @Ianon – I couldn’t agree more. It is a pity to see that some people are making this into a racial and political issue, which it is not. It is a business ethics issue and it is corrupt business that feeds corrupt politics. Please read “Moeletsi Mbeki’s Architects of Poverty: Why Africa’s Capitalism needs Changing” to understand why we need to put a stop to business practices like these.

  • Motho - 2012-03-31 15:32

    Why doesn't go to jail without an option for fine?

      sarah.bouttell - 2012-03-31 20:40

      1st offence (that they can prove). Thus the light sentence. Unfortunate?

  • Kevin - 2012-03-31 15:58

    Has Levitt offered the commission a bribe for not recommending prison time. Fraud is fraud and it amounts to mega millions. He should rot in jail. "pappa wag vir hom"

  • Ian - 2012-03-31 16:17

    For a change a DA voter is corrupt. Wonder how many the media does not report.

      patrick.saunders123 - 2012-03-31 17:23

      what the hell does this have to with politics? Small minded racists like you should commit suicide and stop wasting oxygen?

      patrick.saunders123 - 2012-03-31 17:23

      what the hell does this have to with politics? Small minded racists like you should commit suicide and stop wasting oxygen?

  • Leon Janse van Rensburg - 2012-03-31 16:23

    Ja die b..... Hy Moët vrot in die tronk what about all the people that lost because of him the

  • fuzile.matoto - 2012-03-31 17:09

    This just prove what a Pretoria magistrate had said. Whites get lesser sentence, if he was black he would have faced a five year jail sentence. This is really a slap on his wrist.

      Patiwe - 2012-03-31 17:17

      Race aside he is just criminal. I wonder where is the rest of the comentators when fraud and corruption is exposed. Aish this kind "of criminals".

      Patiwe - 2012-03-31 17:50

      @Lara he actually raped us financially, so he is your hero neh. So whites businessmen are financial rapists.

      Yul - 2012-03-31 18:13

      Sure, like your mate Shabir Shaik who gets jailed, end up in hospital hotel and back on golf course 12 months later?

  • Yul - 2012-03-31 17:40

    The whole Auction Alliance company and staff is corrupt, they must go after the lot. I've been to their glitzy auctions and it always appears rigged. Must get Julius Buchinsky Auctioneers to show them how to do real auctions.

  • ferdi.landsberg - 2012-03-31 17:44

    They should look at all auctioneers ecpecialy ROOT-X

      Yul - 2012-03-31 17:51

      Yeah, the ROOT of all evil.

      Patiwe - 2012-03-31 17:52

      All of them. I can say this is a tip of the iceberg.

  • Patiwe - 2012-03-31 17:57

    Mhhh.....So few comments on a thorny issue like fraud and corruption. I wonder.

      kaMazibuko - 2012-03-31 19:25

      Pathetic double standards by the other race

      Theodore - 2012-03-31 21:52

      I agree, we tend to turn a blind eye to corrupt business practices and think it is only politicians that is corrupt. The irony is that it is corrupt business that keep corrupt politicians in power. Please see my previous comment on this topic.

  • Atholl - 2012-03-31 18:08

    'Levitt now faces a R1m fine or 12 months in jail.' ... says who? .. not true! ---------------- ------------ --------- OFFENCES ---------------- ------------ --------- CORRUPTION - Act N° 12 of 2004 Chapter 2 Part 4: Specific Matters :Offences in respect of corupt activities related to auctions. S14 (1) Any auctioneer who directly or indirectly -- (a) accepts or agrees or offers to accept any gratification from any other person, whether for the benefit of himelf or herself or for the benefit of another person --- (i) in order to conduct the bidding process at an auction {{in a manner so as to favour or prejudice a specific person }}... {{is guilty}} of the offence of corrupt activities relating to auctions. now see penalties ==>

      Atholl - 2012-03-31 18:08

      ---------------- ------------ --------- PENALTIES ---------------- ------------ --------- Prevention and Combating of Corrupt Activities Act, 2004 (Act No. 2 of 2004) Chapter 5 : Penalties and related matters S 26. Penalties 1) Any person who is convicted of an offence referred to in- a) Part 1, 2, 3 or 4, or section 18 of Chapter 2, is liable- i) in the case of a sentence to be imposed by a High Court, to a fine or to imprisonment up to a period for imprisonment for {{life}}; ii) in the case of a sentence to be imposed by a regional court, to a fine or to imprisonment for a period not exceeding {{18 years;}} or iii)in the case of a sentence to be imposed by a magistrate's court. to a fine or to imprisonment for a period not exceeding five years;

  • Michael Savage - 2012-04-01 13:45

    @Athol, I hope you are right, this prick needs to go away for a long time. How many millions have been duped from people over the years? 12 months/R1m would just not be enough for the crime.

  • JfBaloyi - 2012-04-01 21:18

    Now that's what I call justice.

  • Jaco - 2012-04-02 09:59

    This is a joke. I was told by an acquaintance in 2003 that he won't bid on Auction Alliance auctions as they are rigged. 20 years prison no option plus R300 mil fine is the minimum, plus all assets seized

  • Abilio01 - 2012-04-04 08:30

    As an ecommerce auction services business in the auction industry (www.Bid4Me.co.za – Bid4Me Auction Services) It’s a very tough industry. With all the negative press that auctions have been getting also doesn’t help. If Levitt is guilty then I hope he is nailed and everyone that’s involved. But for the rest of us that are running legit businesses are now getting painted with the same brush and it's extremely frustrating. Maybe it’s a good idea to bring in certain guide lines and practices into place to force auction business to do business accordingly. I don’t think that’s a bad idea at all.

  • Abilio01 - 2012-04-04 09:41

    As an ecommerce auction services business in the auction industry (www.Bid4Me.co.za – Bid4Me Auction Services) It’s a very tough industry. With all the negative press that auctions have been getting also doesn’t help. If Levitt is guilty then I hope he is nailed and everyone that’s involved. But for the rest of us that are running legit businesses are now getting painted with the same brush and it's extremely frustrating. Maybe it’s a good idea to bring in certain guide lines and practices into place to force auction business to do business accordingly. I don’t think that’s a bad idea at all.

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