Kellermann’s cars – Belvedere kingpin’s Ferrari fetish (with video)
Kellermann has at least 13 classic cars worth an average of R1m a piece in a warehouse. Five are Ferraris – a Testarossa, two 355 GTS’s and two 348 TS’s.
Kellermann has at least 13 classic cars worth an average of R1m a piece in a warehouse. Five are Ferraris – a Testarossa, two 355 GTS’s and two 348 TS’s.
Now comes a sad part when forensic investigators get inside the crumbling Belvedere empire. To borrow from Churchill, this is just the end of the beginning.
Guernsey Financial Services Commission today blocked the Belvedere duo’s attempt to sever a tentacle, rejecting the “unilateral surrender of the licence”.
A dynamite affidavit from the Guernsey Financial Services Commission shows how the Belvedere kingpins committed the worst crime a money manager can commit.
Kellermann was implicated in a R3.1bn Ponzi scheme scandal that erupted after a double homicide in the Icon Building on the foreshore of Cape Town in 2012.
The FSB confirms that it is helping the offshore authorities in their investigations and has been engaging with Kellermann.
Alec Hogg responds to an email, which questions how ponzi schemers manage to get their hands on the money.
Something remarkable happened yesterday when alleged Ponzi Kingpins Cobus Kellermann and David Cosgrove made me an offer I couldn’t refuse. For only the second time in 35 years in this business, I was invited to fire any question I like at them.
Biznews community member recounts his personal experience as a DeVere Group investor: “99% of the value of my investment has been lost in dodgy investments”
Cosgrove attacks the OffshoreAlert article which describes Belvedere as a “massive criminal enterprise”. Here is Cosgrove’s letter and response Marchant.