ARTICLES RELATING TO FIDENTIA

Brown can bring it on, says FSB

2013-05-19 11:17

The Financial Services Board has reportedly said it looks forward to the possibility of facing convicted Fidentia fraudster J Arthur Brown in a civil case.

Fidentia investors vow to get tough

2013-05-15 22:11

About 500 ex-mineworkers are hoping to sue the curators of Fidentia after losing millions of rands in investments, a representative says.

R150 000 fine for Brown fair, says judge

2013-05-15 15:18

Judge Anton Veldhuizen has justified a R150 000 fine for former Fidentia boss J Arthur Brown, saying he was not convicted of stealing millions from pensioners.

Sentencing of ex-Fidentia boss begins

2013-05-15 08:03

The sentencing of former Fidentia boss J Arthur Brown is due to be handed down by the Western Cape High Court.

Lawyer: Jailing Brown would be a waste

2013-05-13 12:34

It would be a waste of ex-Fidentia boss J Arthur Brown's intelligence to imprison him and a fine is more appropriate, the Western Cape High Court has heard.

Fidentia: Millions not accounted for

2013-05-06 12:28

An official has told the court that the Financial Services Board launched a probe after R406m was unaccounted for in Fidentia's books in 2006.

'Brown does not deserve jail'

2013-05-02 13:06

Former Fidentia boss J Arthur Brown does not deserve to go to jail, his uncle says.

Brown: State can pursue dropped charges

2013-04-30 15:39

Ex-Fidentia boss J Arthur Brown says the State is welcome to formally re-pursue certain charges it dropped against him, the Western Cape High Court has heard.

Emotional Brown gives testimony

2013-04-29 18:52

Former Fidentia boss J Arthur Brown has given emotional testimony in mitigation of sentencing, detailing the impact his three arrests and curatorship of Fidentia had on his personal and professional life.

Fidentia boss testifies

2013-04-29 11:28

The Fidentia court "saga" has had a devastating effect on many people, former Fidentia boss J Arthur Brown says.

Fidentia boss found guilty of fraud

2013-04-18 10:35

Former Fidentia boss J Arthur Brown has been found guilty on two counts of fraud in the Western Cape High Court.

Fidentia judge to scrutinise documents

2013-04-16 14:56

The trial of former Fidentia boss J Arthur Brown has been postponed to allow Western Cape High Court judge time to scrutinise an altered admissions document.

State caught sleeping in Fidentia case

2013-04-15 13:40

The State has been caught off-guard when doubts were raised about admissions made by former Fidentia boss J Arthur Brown, the Western Cape High Court has heard.

Brown admits guilt on two counts

2013-04-09 17:28

Former Fidentia boss J Arthur Brown has admitted guilt on two major counts in his embezzlement trial in the Western Cape High Court.

Fidentia trial postponed

2013-03-14 14:18

The embezzlement trial of former Fidentia boss J Arthur Brown was postponed by the Western Cape High Court.

Brown makes formal admission

2013-03-11 11:47

Former Fidentia boss J Arthur Brown has formally admitted that money flowed between his broker's bank account and certain entities, in the Western Cape High Court.

Fidentia case name drops top firms

2013-03-06 13:23

The Western Cape High Court has heard that Fidentia was a bustling financial services company listed as a top firm in the 2000's alongside Sanlam and Old Mutual.

Call confirmed Fidentia deal, court hears

2013-03-04 15:08

The Western Cape High Court has heard of an important call in embezzlement trial of former Fidentia boss J Arthur Brown.

Court hears of Fidentia promissory notes

2013-02-28 19:28

Ex-broker Steven Goodwin has testified in the Western Cape High Court in Cape Town about two promissory notes with which Fidentia was entrusted.

Witness: Brown paid back our capital

2013-02-04 19:44

A company which invested capital with former Fidentia boss J Arthur Brown eventually got its money back, the Western Cape High Court heard.

Fresh admissions in Fidentia graft case

2013-01-29 16:50

Former Fidentia boss J Arthur Brown, who was arrested in 2007 in one of the biggest financial scandals, has made additional admissions in his embezzlement case.

Brown to get Fidentia files

2012-12-05 10:34

Prosecutors have been ordered to hand over accounting records to former Fidentia boss J Arthur Brown, who faces four counts of fraud and two counts of corruption.

Fidentia letter back-dated - witness

2012-11-29 10:25

A letter was backdated three years to substantiate why ex-Fidentia boss J Arthur Brown spent an investor's funds on beach houses, a former financial director for the company says.

Fidentia boss used investor money

2012-11-26 15:44

Former Fidentia boss J Arthur Brown bought property and vehicles with investor funds, the Western Cape High Court heard.

 

FedGroup pledges R1m to Fidentia victims

2013-05-17 13:51

FedGroup Beneficiary Fund administrators will give R1m to the 500 ex-mineworkers and other beneficiaries who lost millions from Fidentia, CEO John Field says.

Disappointment as Brown walks free

2013-05-15 16:47

The R150 000 fine imposed on former Fidentia boss J Arthur Brown is a let-down as it will not deter white collar crime, says the Financial Services Board.

Ex-Fidentia boss gets off lightly

2013-05-15 11:53
125 comments

Former Fidentia boss J Arthur Brown was fined R150 000 and a given suspended prison sentence for two fraud convictions.

Jail Brown for 15 years - State

2013-05-13 15:27

Former Fidentia boss J Arthur Brown should be given at least the minimum sentence of 15 years' imprisonment for fraud, the Western Cape High Court has heard.

Brown sentencing continues

2013-05-13 07:56

The Western Cape High Court is expected to wrap up sentencing arguments in the fraud case involving former Fidentia boss J Arthur Brown.

Brown's lawyer dismisses Fidentia probe

2013-05-06 19:15

The Financial Services Board, who found a R406m discrepancy in Fidentia's funds, was not authorised to inspect the firm, the Western Cape High Court has heard.

Brown at peace with prison

2013-04-30 13:29

Former Fidentia boss J Arthur Brown, who has been found guilty on two counts of fraud, says he has made peace with the possibility of imprisonment.

Fidentia boss tells of defeat, humiliation

2013-04-29 14:22

Former Fidentia boss J Arthur Brown was left humiliated and defeated after authorities put his company under curatorship, he told the Western Cape High Court.

Fidentia boss feels vindicated

2013-04-18 13:16

Former Fidentia boss J Arthur Brown says he feels vindicated that the court has found him guilty on only two fraud counts.

Fidentia trial continues

2013-04-17 09:32

The embezzlement trial of former Fidentia boss J Arthur Brown is expected to continue in the Western Cape High Court on Wednesday.

Admissions are contradictory - judge

2013-04-15 20:26

Admissions made by former Fidentia boss J Arthur Brown on a fraud count seemed to contradict each other, a Western Cape High Court judge says.

Court faces hurdles in Fidentia case

2013-04-10 14:05

There are difficulties in deciding if the admissions of ex-Fidentia boss J Arthur Brown are sufficient to convict him of fraud, the Western Cape High Court says.

Judge: No more delays in Fidentia trial

2013-04-08 12:28

Western Cape High Court Judge Anton Veldhuizen says that he will not tolerate further delays in the trial of former Fidentia chief executive J Arthur Brown.

Deal likely in Fidentia case

2013-03-12 12:35

The embezzlement trial of former Fidentia boss J Arthur Brown has been postponed to allow the parties time for discussions on a possible deal.

Brown got legal advice on investments

2013-03-06 17:24

Ex-Fidentia boss J Arthur Brown had enquired if asset managers were allowed to put clients' investments into their own name, the Western Cape High Court has heard.

Fidentia graft case hots up

2013-03-05 12:50

Former Fidentia boss J Arthur Brown is prepared to admit in his embezzlement trial that money flowed from and into his broker's bank account.

Fidentia buyout 'was Brown's idea'

2013-03-04 13:56

It was former Fidentia boss J Arthur Brown's idea to use the company's own funds to buy itself out, a former broker has told the Western Cape High Court.

Witness glitch in Fidentia trial

2013-01-30 12:40

Graham Maddock, the accountant in the Fidentia embezzlement trial, could not continue his testimony regarding bank statements over a health issue.

Fidentia man 'created confusion'

2012-12-10 20:48

Confusion was deliberately created by alleged embezzler J Arthur Brown to solicit investments in his pyramid schemes, the Western Cape High Court has heard.

Fidentia: Brown applies for legal aid

2012-11-30 13:30

Ex-Fidentia boss J Arthur Brown has applied for legal aid after previously representing himself in the Western Cape High Court, says a report.

Smoke-and-mirrors in Fidentia indictment

2012-11-26 18:08

Former Fidentia boss J Arthur Brown deliberately created confusion with solicited investments in a network of pyramid schemes, according to his indictment.

Fidentia trial hits another snag

2012-11-13 12:18

The trial of former Fidentia chief executive J Arthur Brown in the Western Cape High Court has been delayed yet again over legal representation.

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