Fidentia’s curators have been probing a deal involving ”a significant entity in the financial-services industry”.
The Scorpions had spoken to the attorney acting for former Fidentia boss J Arthur Brown about a plea agreement, it emerged in the Cape High Court on Wednesday. The revelation came in an application by Brown and his wife, Susan, to have warrants for their arrest obtained by the Scorpions on April 3 declared invalid.
An alleged kingpin in the Fidentia asset management scandal, Steven Goodwin, launched an urgent application in the Pretoria High Court on Tuesday to secure his freedom. He asked the court to set aside and declare unconstitutional a request by the Director General of Justice to United States authorities for his provisional arrest.
Fidentia chief executive J Arthur Brown is expected to appear in court in Cape Town on Monday after he was arrested on charges of theft, fraud and money laundering on Friday. He was arrested in Cape Town’s central business district appeared in the district court. The case was postponed to Monday and Brown was to remain in police custody until he appeared in court.
Fidentia chief executive J Arthur Brown has been arrested on charges of theft, fraud and money laundering, the National Prosecuting Authority (NPA) said on Friday. ”J Arthur Brown was arrested on the strength of a warrant following the investigation that was carried out on a separate leg of the bigger Fidentia investigation,” said NPA spokesperson Tlali Tlali.
Fidentia chief executive J Arthur Brown was on Thursday late for a scheduled appearance in the Cape Town Magistrate’s Court, on charges that include fraud involving the Transport, Education and Training Authority (Teta). In the dock without him were co-accused Dr Piet Bothma, Teta’s chief executive, and Jacobus Theart.
One of the alleged masterminds in the Fidentia scandal was arrested by the FBI in the United States, the National Prosecuting Authority said on Tuesday. Spokesperson Tlali Tlali said Steven William Goodwin was arrested following a request by the Directorate of Special Operations, better known as the Scorpions.
Fidentia boss J Arthur Brown will go on trial in September on fraud and theft charges, the Cape Town Regional Court heard on Monday. Prosecutor Thersia du Toit said the trial had been set down for nine days between September 15 and October 3. Magistrate Wilma van der Merwe postponed the case to May 2.
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/ 13 February 2008
Steve Goodwin, the man who has been described as the real founder of Fidentia, has been named repeatedly in a draft indictment against J Arthur Brown. The 38-page document was handed over by prosecutors this week when Brown and the suspended chief executive of the Transport Education Training Authority, Piet Bothma, appeared briefly in court.
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/ 1 February 2008
The financial director of Fidentia, Graham Maddock, was on Friday effectively jailed for seven years on 54 counts involving fraud, theft, money laundering, contraventions of the Financial Intelligence Centre Act and the reckless or fraudulent conduct of business. Maddock appeared in court in Belville.
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/ 21 January 2008
Fidentia boss J Arthur Brown on Monday made his first appearance in the Cape Town Regional Court, where he is to go on trial on two charges of fraud, one of theft and one of contravening the Companies Act. Brown had previously made several appearances in the lower district court.
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/ 7 December 2007
Former Fidentia boss J Arthur Brown and financial director Graham Maddock used R5,5-million in Infinity loyalty-programme funds to pay salaries and other expenses in other Fidentia companies, according to prosecutors. The two men appeared briefly in the Cape Town Magistrate’s Court on Friday.
Fidentia boss J Arthur Brown and financial director Graham Maddock appeared briefly in the Cape Town Magistrate’s Court on Wednesday. The case was postponed to December 7 for a regional court date and for the state to give the defence teams a charge sheet. The appearance follows their rearrest in August on fresh fraud and theft charges.
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/ 13 September 2007
The Cape High Court-appointed curators of the Fidentia Group have found money stolen from investors who entrusted their savings to companies in the organisation. Co-curator George Papadakis said: ”We know where every cent is and who has got it. Some have offered to repay; others are choosing to fight us.”
Piet Bothma, the suspended chief executive of the Transport Education Training Authority, appeared in the Cape Town Magistrate’s Court in connection with the Fidentia saga. It was Bothma’s second court appearance. He was recently arrested as a third suspect in the affair.