Craig Warriner

Victims of scams and pyramid schemes have little chance of recouping their financial losses

Michael Haldane and Sona Pillay have been implicated in the police investigation into the failed R2.8 billion scheme This content is restricted to registered users and…

The former co-trustee was found guilty of 206 counts of fraud in the scheme, which has cost investors at least R1.6 billion

But the South African expat listed as a Swiss resident has denied any connection to the company that apparently marketed the alleged ponzi scheme

Investors are worried that as the investigation drags on, their life savings may have been transferred out of reach to offshore companies

The financial intermediary says its ‘directors, staff, their families and friends have also suffered loss arising out of investments’ in the collapsed fund

The bank is terminating its relationship with the financial intermediary which is now directing clients to a business that has a director in common with BHI Trust’s administrator

Axiam Capital Management say they feel betrayed by Craig Warriner but fear no liability in the matter

Dozens of desperate investors are demanding answers about how their money could simply ‘disappear’ from the fund that claimed to have used registered financial service providers