South Africa’s “Bernie Madoff” faces second bail hearing amidst BHI ponzi scandal
Craig Warriner, dubbed South Africa’s Bernie Madoff, faced his second bail hearing today at the Palm Ridge Magistrate’s Court in Katlehong.
Craig Warriner, dubbed South Africa’s Bernie Madoff, faced his second bail hearing today at the Palm Ridge Magistrate’s Court in Katlehong.
After 15 years of running a Ponzi scheme, financial advisor Craig Warriner confessed, handed himself over, pleaded guilty to any and all charges.
When simple fact checking is not possible, it seems we all but ignore the actual statement, relying more on behavioural cues that seem to suggest lies.
Investors have lost tens of billions of dollars in financial fraud over the years. Bernie Madoff alone defrauded his investors of up to $65bn.
“What history shows is that an inventive corner of the financial world can turn into a mania that attracts swindlers and wipes out investors.”
Beware before you start earning extra income: are you selling into a pyramid scheme or are you a multilevel marketing agent? You could be taking in money illegally.
Within hours of former Steinhoff CEO Markus Jooste’s shock resignation last Wednesday, some social media commentators were dubbing him South Africa’s version of American Ponzi King Bernie Madoff.
Jan Hough says corporates essentially mirror the humans from whom they are formed, and if they are not carefully managed, the evil can be devastating to millions of people.
More on the Belvedere scandal in today’s newsletter by Alec Hogg.
If you’ve been invested in the Biznews Global Share Portfolio, you’ll be looking back and patting yourself on the back. Alec walks us through the movements of our portfolio over this last month, on Standard Bank’s Webtrader app.