Alec Hogg: Back to my roots investigating Cape kingpin of apparent Ponzi scheme
By Alec Hogg
Got back to my roots over the weekend and hope you enjoy the fruits of that labour. In the first half of my career, nothing got the blood flowing faster than investigative work into a complicated story. Especially if it was something that affected the savings of ordinary people.
With the business side of Biznews now in extremely capable hands, I've been able to return to my basics. Including today's big story which involves an allegation that Cape Town money manager Cobus Kellermann is the kingpin behind a Mauritius-based Ponzi scheme as big as the Bernie Madoff scam. I kid you not.
Kellermann got a draft of my story on Saturday morning. He did not respond to a sincere request that he put his head above the parapet and answer the allegations. But the CEO of Clarus Capital decided to ignore it. He's probably hoping it all blows over – as happened two years ago when he was also implicated in a Ponzi scandal. This time I doubt it will go away quietly. Go have a read.
* Click here to read the "back story" and access links to all the Biznews.com coverage of the Belvedere saga.
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