Pyramid Scheme
latest news & developments
BHI Trust Ponzi fraud accused walk free — for now
The state has provisionally dropped charges against Michael Haldane and Sona Pillay but investors could seek private prosecution
Financial crimes watchdog nets R100 million in penalties
Seventy cases of alleged financial crimes have been referred to the police for further investigation
Victims of R2.7bn BHI Trust ponzi scheme in the dark
Investors are worried that as the investigation drags on, their life savings may have been transferred out of reach to offshore companies
State rejects pyramid-schemer’s plea: ‘I stole the money, and plead guilty’
The state has rejected fraudster Roderick Cole-Edwards’ guilty plea for R11.6-million pyramid-scheme theft