BizNews BizNews Radio

OffshoreAlert's David Marchant exposes the massive Belvedere Ponzi scheme

Loading player...
Investigative journalist David Marchant specialises in tracking down fraudsters who use offshore financial centres. The latest and potentially greatest exposé by his OffshoreAlert is the Belvedere Management Ponzi scheme operated out of Mauritius by two South Africans - Cobus Kellermann and David Cosgrove. In this special podcast, Marchant tells Biznews.com's Alec Hogg how he came across the scam, how it operated, why the fraudsters chose Mauritius and the chances of those South Africans who fleeced getting their money back. Learn more about your ad choices. Visit megaphone.fm/adchoices
24 Mar 2015 12PM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min
All episodes