Belvedere Ponzi: Investors lose millions in collapse of JSE-listed BK One
Last time Alec Hogg chatted with David Marchant, he totted up Belvedere-related losses to around R4bn, in his opinion just the tip of the iceberg.
Last time Alec Hogg chatted with David Marchant, he totted up Belvedere-related losses to around R4bn, in his opinion just the tip of the iceberg.
Here’s the response of Belvedere bosses Cobus Kellermann and David Cosgrove to detailed questions – the only way they were prepared to engage with me.
Kellermann was implicated in a R3.1bn Ponzi scheme scandal that erupted after a double homicide in the Icon Building on the foreshore of Cape Town in 2012.