Freeman
VIP Member
- Sep 30, 2009
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it may be the biggest fraud since Madoff, victims are from S.Africa,Australia, America and Europe
S. Africa probes largest corporate fraud case in its history
Eyewitness News: Alleged Ponzi scamster meets with lawyers
Ponzi game, the usual kosher fraud of course!
Barry Tennenbaum
S. Africa probes largest corporate fraud case in its history
Barry Tennenbaum, the alleged scam man
South Africa financial and law enforcement agencies are investigating a suspected corporate fraud case, worth up to $1.2 billion, the Financial Intelligence Center, tax authorities and Reserve Bank said in a joint statement on Sunday.
"Their primary mandate is to assess the nature and validity of a range of allegations of fraud and criminality as reported during the past week," the statement said.
That could be South Africa's biggest corporate fraud which was masterminded by South Africa businessman Barry Tennenbaum, one of the founders of pharmaceuticals firm Adcock Ingram.
Eyewitness News: Alleged Ponzi scamster meets with lawyers
Ponzi game, the usual kosher fraud of course!
Barry Tennenbaum
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