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.

The estate of Ponzi scheme fraud suspect Barry Tannenbaum was sequestrated on Tuesday in the high court in Johannesburg, attorney Ian Levitt said.

A High Court order has frozen R43-million linked to the Ponzi scheme allegedly headed by Barry Tannenbaum.

A high court order has frozen more than R40-million linked to the Ponzi scheme allegedly headed by Barry Tannenbaum.

The assets of one of the key agents for Barry Tannenbaum’s Ponzi-type scheme have been frozen by a court, it was reported on Friday.

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.