BHI Ponzi: Mastermind Warriner’s Trust sequestrated
The High Court has ordered the sequestration of the BHI Trust of Craig Warriner – dubbed South Africaâs Bernie Madoff after investors lost billions to his fraudulent investment scheme.
The High Court has ordered the sequestration of the BHI Trust of Craig Warriner – dubbed South Africaâs Bernie Madoff after investors lost billions to his fraudulent investment scheme.
Pretoria attorney Werner Cawood discusses representing 100+ victims of Ponzi scheme operator Craig Warriner.
The Ponzi scheme operated by Craig Warriner through an unregulated trust called BHI had a reputed notional value of R3bn – nothing now exists.
After 15 years of running a Ponzi scheme, financial advisor Craig Warriner confessed, handed himself over, pleaded guilty to any and all charges.
Fabio Panetta has labelled the $1.8tn crypto sector a âPonzi schemeâ and has called for a regulatory clampdown to avoid a âlawless frenzy of risk-takingâ.
âWe need to make an example of MTI so that people understand that investing in a Ponzi is never a good idea.â says Brandon Topham of the FSCA.
Six months ago we were tipped off about allegations of a massive global Belvedere ponzi scheme being run by two South Africans, Cobus Kellermann and David Cosgrove.
A Texas man pleaded guilty to defrauding people out of $4.5 million in what the U.S. said was a first-of- its-kind Ponzi scheme involving investments in the virtual currency bitcoin.
Alec Hogg looks at why the news flow has slowed since the sensational disclosures in March around the Belvedere Ponzi scheme.
More on the Belvedere scandal in today’s newsletter by Alec Hogg.