Belvedere Ponzi: The other kingpin – David Cosgrove
My bet is Kellermann’s on his way to Mauritius where his business partner and the scam’s other kingpin, David Cosgrove, operated the Belvedere Ponzi scheme.
My bet is Kellermann’s on his way to Mauritius where his business partner and the scam’s other kingpin, David Cosgrove, operated the Belvedere Ponzi scheme.
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.
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.