OffshoreAlert's David Marchant exposes the massive Belvedere Ponzi scheme

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