Capetonian Kellermann accused as kingpin of R200bn Belvedere Ponzi
Cobus Kellermann, CEO of Cape-based money manager Clarus Capital, has been fingered as a mastermind behind a massive global Ponzi scheme run from Mauritius.
Cobus Kellermann, CEO of Cape-based money manager Clarus Capital, has been fingered as a mastermind behind a massive global Ponzi scheme run from Mauritius.
As the Belvedere Ponzi scandal widens, rumours abound about apparent kingpin Kellermann’s connections with SA companies that shovelled savings to Mauritius.
Today Ponzi schemes are known as financial scams where fresh funds are attracted by paying high returns – but funding these with capital from new investors.
Kellermann has all the trappings of a solid member of society. His wife, Tracy Ann Kellermann, has a PhD in pharmacology from the University of Cape Town.