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Since Offshore Alert exposed the Belvedere Group as an alleged Ponzi scheme in March 2015, it has collapsed in many different jurisdictions, says David Marchant.
Cobus Kellermann’s Belvedere Management has collapsed, six months after being exposed for a Ponzi scheme.
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.
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.
The Belvedere duo’s lawyer appears to believe his clients’ innocence lies in our hands so is demanding Biznews publish a “prominent and full” retraction.
Kellermann has been implicated in a R3.1bn Ponzi scheme scandal that erupted after a double homicide in the Icon Building on the foreshore of Cape Town in 2012.
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.
The FSB says it has been helping two authorities with investigations into alleged Belvedere Ponzi scam mastermind Cobus Kellermann.
The Belvedere duo Cobus Kellermann and David Cosgrove have come on record, but not in face-to-face engagement.
2015 will be remembered as the year of the Belvedere Ponzi scheme, a global network of financial fraud and deceit masterminded by Cobus Kellermann and David Cosgrove.
Alec Hogg looks at why the news flow has slowed since the sensational disclosures of the Belvedere duo.
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” .
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.
Policemen often talk about finding a “smoking gun”, that piece of evidence which proves a suspect’s guilt, in the financial services sector, smoking guns could take years to uncover.
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.
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.
Cobus Kellermann and David Cosgrove of Belvedere Management have served a letter of demand on Alec Hogg following reports of an alleged Ponzi scheme.
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.
The deVere Group says it provided evidence of wrongdoing to OffshoreAlert to highlight the alleged dealings of the Belvedere Management Group.
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