Belvedere collapses after Ponzi scheme exposé

2015-10-08 13:30

Cobus Kellermann’s Belvedere Management has collapsed, six months after being exposed for a Ponzi scheme.

Scheme boss: Where else can you get 30% a month?

2015-09-22 09:26

Investment schemes being investigated by the National Consumer Commission for possible fraud are pulling out all the stops to recruit more believers to their ranks.

Ponzi scheme alert as 9 businesses under scrutiny

2015-09-17 06:45

The National Consumer Commission is conducting an investigation into nine suspected pyramid schemes to establish if they are contravening the Consumer Protection Act.

Belvedere: WSJ exposes Cosgrove link to US’s most wanted financial criminal

2015-06-18 07:54

The Belvedere kingpins, Cobus Kellermann and David Cosgrove, have received another big smack with an expose’ in today’s Wall Street Journal, detailing close links between the duo’s Mauritius operation and the US’s most wanted financial criminal.

Another Belvedere limb severed as Cayman authorities take control of Brighton SPC

2015-06-03 14:42

After authorities took over Belvedere’s funds in Mauritius and Guernsey last month, its Cayman Islands operation suffered the same fate after a “forensic investigation” .

FSB warns on fake financial schemes

2015-05-28 11:38

The Financial Services Board has alerted the public to be wary of at least two firms which say they are registered financial services providers.

Ian Kilbride: Why the Belvedere Ponzi reminds me of Fidentia

2015-05-09 07:51

It is amazing to see how these SA born charlatans have made business more difficult – we are tarred by the dirty and rather creepy Belvedere brush.

Mauritius Ponzi probe risks extending worst stocks rout

2015-04-20 08:40

A selloff that made Mauritius equities the worst performers in Africa this year risks deepening as a probe into an alleged Ponzi scheme dampens investor sentiment.

New Ponzi scheme found in Mauritius

2015-04-03 16:30

A Ponzi investment scheme has been found at a Mauritian lender and the country's central bank has revoked its banking license and appointed liquidators.


US Supreme Court rejects Madoff victims' appeal

2015-10-05 17:45

The US Supreme Court has declined to hear an appeal by victims of Bernie Madoff's multibillion-dollar Ponzi scheme.

Mailbox: Resisting too-good-to-be-true offers

2015-09-18 07:43

A 24-year-old Fin24 user tells how he survived three offers to join what he thought were pyramid schemes.

Pea shooters against cannon – Belvedere duo’s offensive pales against unravelling reality

2015-07-24 15:35

Alec Hogg looks at why the news flow has slowed since the sensational disclosures of the Belvedere duo.

Kellerman, Cosgrove say regulator erred

2015-06-11 16:45

David Cosgrove and Cobus Kellermann, fund managers under investigation by authorities in at least three jurisdictions, say the Guernsey regulator reached mistaken conclusions in an April affidavit.

Ex-Madoff auditor, employee co-operate to avoid jail

2015-05-29 16:51

A former outside auditor and a former human resources employee of Bernard Madoff's firm have avoided jail by co-operating with authorities investigating a Ponzi scheme.

Six red flags of a money scam

2015-05-27 18:00

There are warning signs of a Ponzi or pyramid scam and consumers should treat any offer of an above market return on investment with suspicion, says an expert.

Ex-Madoff aide key witness dies before sentencing

2015-05-12 16:35

Frank DiPascali, Bernard Madoff's deputy and a key witness in the US criminal trial to spill out of the collapse of his multibillion-dollar Ponzi scheme, has died.

Belvedere: The back story, with links to Biznews coverage of the saga

2015-05-06 15:55

Now comes a sad part when forensic investigators get inside the crumbling Belvedere empire, to borrow from Churchill, this is just the end of the beginning.

Peter Wilhelm on Ponzi schemes and Rhodes

2015-04-07 14:51

When Peter Wilhelm aims his pen at Charles Ponzi and the Cecil Rhodes statue, the result is sheer brilliance. If you dare to disagree, I’ll sue you! - Alec Hogg.

Da Silva: FSB investigating “suspicious” Kellermann investments

2015-04-02 10:50

Caroline da Silva says the FSB’s foreign counterparts have asked for help in tracking “suspicious” investments of money flowing into SA from the alleged Ponzi scheme.

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