The state has provisionally dropped charges against Michael Haldane and Sona Pillay but investors could seek private prosecution
Investors who lost their life savings in the scheme fear that former Global & Local director Michael Haldane will not return to South Africa to face charges
The former co-trustee was found guilty of 206 counts of fraud in the scheme, which has cost investors at least R1.6 billion
The lawsuit is the latest example of business entities trying to bar the media from reporting
But the South African expat listed as a Swiss resident has denied any connection to the company that apparently marketed the alleged ponzi scheme
Axiam Capital Management say they feel betrayed by Craig Warriner but fear no liability in the matter
Well before Zimbabwe’s economy took a hit in the late 1990s, spurring world-record inflation, usury was a part of the daily lives of working-class households in South Africa’s northern neighbour
South Africans are often swindled out of their savings by slick con artists. People need to ask questions and be wary of tempting offers
Authorities say Paul Burks was the mastermind of a $600-million scam, one of the biggest in US history, that attracted one-million investors.
Bernard Madoff, sentenced to 150 years in jail for the biggest financial scam in US history, says the judge’s sentence was too harsh.
Krion matriarch Marietjie Prinsloo was today found guilty on over 122 000 charges, including racketeering, money laundering and fraud.
Cops have conducted raids on the suspected masterminds minds behind an alleged pyramid scheme operating out of the Western Cape.
Hundreds of millions of rands have disappeared in an apparent Ponzi scheme believed to have operated in the Western Cape, Gauteng and KwaZulu-Natal.
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/ 27 October 2009
Arrest warrants for the masterminds of a Ponzi scheme that led to wealthy South Africans being swindled have been issued, it was announced on Tuesday.
How the respected Wall Street financier who seemed to have the Midas touch became a "nobody" languishing behind bars.
Disgraced financier Bernard Madoff was sentenced to 150 years in prison on Monday for perpetrating Wall Street’s biggest investment fraud.
Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with ,5-million.
Thousands of people who lost their life savings in a multibillion-dollar scam will discover on Monday the fate of Wall Street swindler Bernard Madoff.
In monster fraud scandals, such as the one allegedly involving Barry Tannenbaum, fingers normally point in one direction, that of the suspect.
Trustees have been appointed for South African assets seized from Ponzi scheme fraud suspect Barry Tannenbaum.
United Kingdom-based businessmen are among the victims of South Africa’s largest Ponzi scheme, the Telegraph reported on Wednesday.
A team set up to investigate Barry Tannenbaum’s alleged pyramid scheme is not just focused on the scheme itself — investors are also under scrutiny.
A special task team has been established to investigate the Ponzi-type investment scheme allegedly run by Barry Tannenbaum.
A trustee for the South African estate of Barry Tannenbaum will be appointed next week, a Johannesburg attorney said on Friday.
Barry Tannenbaum, accused of defrauding hundreds of investors in what may be the South Africa’s biggest corporate fraud, has denied any wrongdoing.
One of South Africa’s largest Ponzi schemes, estimated to be worth up to R10-billion, has been uncovered, reports said on Thursday.
If Allen Stanford ever wanted to make a low-profile departure from his lavish Houston headquarters, there was a private exit through his bathroom.
A United States appeals court on Friday denied bail to Wall Street fraud convict Bernard Madoff, as prosecutors highlighted public outrage.
Bernard Madoff pleaded guilty on Thursday to charges he orchestrated the biggest swindle in Wall Street history, cheating investors out of billions.
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/ 13 January 2009
Bernard Madoff, the financier accused of running a massive swindle, is to remain in his apartment after a judge rejected calls for him to be jailed.
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/ 24 December 2008
A French investment manager who plowed €1,5-billion ($2,1-billion) into Bernard Madoff’s fraudulent scheme was found dead on Tuesday.
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/ 13 December 2008
Investors scrambled to assess potential losses from an alleged -billion fraud by Bernard Madoff, a day after the arrest of the prominent Wall Street trader.