ARTICLES RELATING TO PONZI SCHEME

Madoff prosecutions appear to be over

2015-01-15 16:45

After more than five years the US government's criminal investigation of Bernard Madoff's colossal Ponzi scheme may finally be coming to an end.

Ex-Madoff programmer gets jail term

2014-12-11 16:07

A former computer programmer for Bernard Madoff has been sentenced to 2-1/2 years in prison for helping his multibillion dollar Ponzi scheme.

Ex-Madoff aides face up to 20 years in prison

2014-12-07 09:53

Former employees of Bernard Madoff, convicted of aiding the fund manager bilk investors of billions of dollars in his Ponzi scheme, will be sentenced this week.

Lawyers spar over forfeiture for Madoff aides

2014-07-30 13:30

After former Bernard Madoff aides have been convicted of helping conceal his Ponzi scheme, lawyers are still fighting over the trial's key question.

High life of the R699 kingpin

2014-07-13 14:54

Albert Venter, the man at the helm of the controversial “R699 per month” car scheme, leads a lavish life which many of his customers can only dream of.

'R699' scam victims face debt default

2014-07-07 14:15

Car owners who have fallen prey to the “R699” finance scam need to act fast and approach their banks to see if they can reschedule their debt, says an expert.

Ponzi scheme mastermind up for arrest

2014-06-13 05:00

A warrant has been authorised to arrest a Cape Town man allegedly involved in a Ponzi-type investment scheme involving more than R11m.

SuraPure heads to court

2014-04-07 21:05

Anxious investors in drinks company SuraPure will know why the company's bank account was frozen when its case is heard in the South Gauteng High Court.

Ponzi scandal: Madoff aids found guilty

2014-03-25 09:14

Five former associates to investment manager Bernard Madoff have been convicted of helping their boss conceal his multibillion-dollar Ponzi scheme for years.

Ponzi scheme in action

2013-12-15 12:38

Ian Mann looks at how SA's Barry Tannenbaum ruined the lives of many.

 

Investors take Treoc 'Ponzi scheme' to court

2015-01-09 09:24

As controversial property investment group Treoc aims to garner new recruits, it faces a R5.2m legal suit by angry investors who claim they have been shortchanged.

Ex-Madoff director gets decade in jail

2014-12-09 11:00

A US judge has sentenced a top Bernard Madoff lieutenant to 10 years in prison and ordered $155bn in forfeiture for his role in the Madoff Ponzi scheme.

Madoff sheds light on meeting with Perez

2014-10-09 11:44

George Perez, a former computer programmer for Bernard Madoff who was convicted of aiding his boss' massive Ponzi scheme, got support from Madoff himself.

US judge: Ex-Madoff employees' convictions stand

2014-07-25 09:55

A US judge has refused to overturn the convictions of five associates of imprisoned swindler Bernard Madoff for helping him run a huge Ponzi scheme.

R699 car drivers moving forward

2014-07-13 11:50

Satinsky clients are taking action as information about the group’s undoing and possible fraud comes to light.

Ex-Madoff accountant expected to plead guilty

2014-06-18 10:06

Bernard Madoff's former accountant is expected to plead guilty to charges in connection with the convicted swindler's massive Ponzi scheme.

Claims from Madoff victims top $40bn

2014-05-14 09:35

The US government-overseen fund for victims bilked by Bernard Madoff's massive Ponzi scheme has received more than 50 000 claims worldwide topping $40bn.

SuraPure: Pyramid scheme or not?

2014-04-04 05:30

SuraPure investors who have been left out of pocket after FNB froze the firm's bank account will know by next week if the business will be permitted to continue operations.

JPMorgan to pay $2.6bn for Ponzi fraud

2014-01-08 10:47

JPMorgan Chase will pay $2.6bn to resolve charges that its lax oversight enabled the multibillion-dollar Ponzi scheme of Bernard Madoff.

Defencex boss opens up to Moneyweb

2013-07-04 13:33

The mastermind behind the R800m Defencex scheme has told Moneyweb in an exclusive interview that he will never win his fight against the Reserve Bank.

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