ARTICLES RELATING TO 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.

DeVere puts both boots into Belvedere and old friend Kellermann

2015-03-30 07:45

It promises to be an interesting 24 hours now we know Belvedere kingpin Kellermann hasn’t scarpered to Australia and DeVere has become his chief persecutor.

Belvedere duo: We are not running a Ponzi scheme

2015-03-26 14:35

Belvedere Group duo Cobus Kellermann and David Cosgrove are dousing fires after allegations in the international and local media that they are involved in a Ponzi scheme.

How we exposed alleged Belvedere Ponzi scam - deVere Group

2015-03-25 21:11

The deVere Group says it provided evidence of wrongdoing to OffshoreAlert to highlight the alleged dealings of the Belvedere Management Group.

Ponzi kingpin Kellermann: now MET CI scrambles for distance

2015-03-25 12:37

So what are we to make of the December fund sheets which show the unmasked Ponzi king Kellermann as fund manager of MET CI’s Global Diversified Feeder Fund?

SARS has been watching Ponzi group for a while

2015-03-25 11:11

The SA Revenue Service reportedly started watching the controversial investment company Belvedere Management Group months ago.

 

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.

Kellermann to Biznews: Retract your defamation. Here’s our response.

2015-03-30 09:02

The Kellermann strategy of using the law to try silence the perceived soft target was also used by now defunct Sharemax after it was exposed by Deon Basson.

FSB working with overseas regulators on Kellermann

2015-03-27 07:02

The FSB says it has been helping two authorities with investigations into alleged Belvedere Ponzi scam mastermind Cobus Kellermann.

Ponzi scandal: Kellermann, Cosgrove open up to Alec Hogg

2015-03-26 07:56

The Belvedere duo Cobus Kellermann and David Cosgrove have come on record, but not in face-to-face engagement.

Belvedere Ponzi: The deVere connection – victim or partner?

2015-03-25 13:03

DeVere’s army of commission-only salesmen could well have delivered the inflows to get Belvedere to its massive scale. If so, why did it help bring the Ponzi down?

Meet Belvedere Ponzi buster David Marchant – Kellermann’s nemesis

2015-03-25 12:33

David Marchant talks about how he discovered the Belvedere Ponzi, why the SA fraudsters chose Mauritius and the chances of those fleeced getting money back.

Alleged Ponzi scam kingpin probably on way to Australia - Alec Hogg

2015-03-25 07:58

Alleged Belvedere Ponzi scam kingpin Cobus Kellermann will be living the life of a billionaire in Australia sooner than you can spell P-O-N-Z-I, says BizNews publisher.

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