Ian Kilbride: Why the Belvedere Ponzi reminds me of Fidentia
It is amazing to see how these SA born charlatans have made business more difficult – we are tarred by the dirty and rather creepy Belvedere brush.
It is amazing to see how these SA born charlatans have made business more difficult – we are tarred by the dirty and rather creepy Belvedere brush.
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.
The Belvedere Ponzi scheme grabbed Alec’s attention yesterday – but in an unimaginable way. Biznews.com became the subject of a cyber attack that made it virtually impossible to get into the back end.
DeVere’s army of commission-only salesmen could well deliver the inflows to get Belvedere to its massive scale. If so, why did it help bring the Ponzi down?
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.