@@royfourie1965 it will never stop, who remembers the milk culture story from years ago, that farmer who got people into believing the sour milk can make you look younger,
We all know that these kinds of cases take time to investigate, they must gather as much as possible evidence to make it water tight,many investors are to shy/ scared to come forward, just remember that all interest accrued must get paid back, so people lay low hoping to not be contacted The Steinhoff saga was not a ponsy scheme do it took quickly to investigate as it was or is a legal company And just remember it's South Africa, another thing is the person doing the case drags their feet to maximize the amount they are allowed to get for doing the case, this investigator is going to make hundreds of millions of Rand's,
@@Palmstreet-u7x Don't forget to mention our judiciary which is run like a business'' Don't forget to mention our legal system is run like a business. It does not benefit the common man on the street it is specifically only for the rich, big business and politicians hence ''this investigator is going to make hundreds of millions of Rand's'' .
@@nedor64 this is why i keep on saying--show me an honest politician, lawyer, judge and mostly an honest policeman and especially in South Africa, its same as when a poncy scheme is being closed down, they are allowed to take a certain percentage of the amount being investigated, , that person handling the case makes millions out of it, its like the case also being investigated of the lawyers who do cases for people being arrested and who cannot afford a lawyer, thye have put in so many fictitious quotes in,
@@Palmstreet-u7x Well we just have to try to do something about the situation I don't know what but it is not acceptable. Nowadays I say what I want to say to whom I want to say it, it doesn't matter if he is the chief justice, the police chief or the president, they can all go to hell because they are part of this corrupt system. I lost around R60 000 at the beginning of the year to a rogue contractor, I can't use the legal system to get my money back because I don't have the money to pay the legal fees. I am a taxpaying SA citizen hence I am opposing a system that is not in my interest and sometimes even working against me.
Very easy,go and watch the Devi show and look how they lure you in, promise you Mars Venus Jupiter Moon 🌝 star ⭐✨ interest rates Look how even a legitimate business like is it Allan Forbes or a name close to that which had their money invested at Old Mutual didn't give their clients their rightful interest, look at this Brown guy of a few years ago, the high interest rate lures you in
Funny how the guy still had some money in RA’s (annuity is the correct term) that were not doing to well from which he was receiving R3000 per month . It’s that kind of attitude that gets people into trouble. The scamsters have those people squarely in their sights.
Many people are not really bothered to save for retirement. At age 55 they cash in the tax free component of their little retirement savings and entrust it to a scammer promising the impossible. It's a combination of blind stupidity, wilful ignorance and self entitled greed. The outcome is inevitable, every single time. I have zero sympathy.
People had been warned over the years to be suspicious of investments that promises above average returns on investments , but they never learn do they ? Taking it down to the basic reason for their falling prey to these schemes is only one thing,and that is Greed !
It does when u trading for yourself the problem starts when u start taking people's money and make false promises of ridiculous guaranteed profit in an unpredictable market.
As wrong and corrupt as he was, these cases must be handled by experts , saps aren't capable ,theyre corrupted and aren't secure, the quicker its brought to justice the better, an example must be set .
The problem is not even the SAPS. In the US, majority of their procecuters are private sector level, tge federal ones are even better. The state capturer proved we need a justice system overhaul.
And just presently we were acamed by a company called, centamin, we need better protection in south Africa, to think how many pensioners lost their money
Bad journalism. Throughout entire video, they couldn’t once mention what return percentage the fraud trust offered investors.... I wouldn't even ask, of the 2.9 billion rand, how much of it was actual losses & how much was paper loses. These things are very important details to help make sense of how severe the fraud actually was
3:43 (what happed to the capital parked in the Money market accounts? ) not such a bad loss assuming 79% was in a low risk money market account? even the R584millin was in legitimate assets, i assume not all went down to ZERO during the GFC of 2008?
When your parents leave you a truck loads of cash and investments but you still too damn greedy and want even more money 🤣 well then nature will balance things in your portfolio from extreme wealth to extreme losses. the net effect is you will have nothing R 0.00.
Nah you can’t be that ignorant to achieve high and sustainable returns. The hedge funds and asset managers I work with perform but don’t perform that well. My personal fund has achieved above industry returns and bank rates but it is also super risky as we use leveraged products and cannot always hedge out the downside. People need to be aware of sharks and pipe dreams
When something sounds too good to be true, it IS too good to be true.
Totally
Greed is what causes this
100 percent
The loyal black dog, allways hungry, drop anything and it's devoured, very few manage to get this dog to be obedient.
Hundred percent yes,the high interest rate lures you in
And these guys will promise you hand mouth tooth fairy tales 😜👄👄 it's legit
Yes agree but centamin took out hundreds of old peoe and people who had hope for a better future
@@royfourie1965 it will never stop, who remembers the milk culture story from years ago, that farmer who got people into believing the sour milk can make you look younger,
Where is Louie Liebenberg why is that case not before court yet?
We all know that these kinds of cases take time to investigate, they must gather as much as possible evidence to make it water tight,many investors are to shy/ scared to come forward, just remember that all interest accrued must get paid back, so people lay low hoping to not be contacted
The Steinhoff saga was not a ponsy scheme do it took quickly to investigate as it was or is a legal company
And just remember it's South Africa, another thing is the person doing the case drags their feet to maximize the amount they are allowed to get for doing the case, this investigator is going to make hundreds of millions of Rand's,
@@Palmstreet-u7x Don't forget to mention our judiciary which is run like a business'' Don't forget to mention our legal system is run like a business. It does not benefit the common man on the street it is specifically only for the rich, big business and politicians hence ''this investigator is going to make hundreds of millions of Rand's''
.
@@nedor64 this is why i keep on saying--show me an honest politician, lawyer, judge and mostly an honest policeman and especially in South Africa, its same as when a poncy scheme is being closed down, they are allowed to take a certain percentage of the amount being investigated, , that person handling the case makes millions out of it, its like the case also being investigated of the lawyers who do cases for people being arrested and who cannot afford a lawyer, thye have put in so many fictitious quotes in,
@@Palmstreet-u7x Well we just have to try to do something about the situation I don't know what but it is not acceptable. Nowadays I say what I want to say to whom I want to say it, it doesn't matter if he is the chief justice, the police chief or the president, they can all go to hell because they are part of this corrupt system. I lost around R60 000 at the beginning of the year to a rogue contractor, I can't use the legal system to get my money back because I don't have the money to pay the legal fees. I am a taxpaying SA citizen hence I am opposing a system that is not in my interest and sometimes even working against me.
Louies Liebenberg diamond dealer. Guess who controls the diamond trade. There's your answer.
How is this possible with all the strenuous regulations, red tape and supposed special Sars special investigating unit to continue with such a scheme?
Very easy,go and watch the Devi show and look how they lure you in, promise you Mars Venus Jupiter Moon 🌝 star ⭐✨ interest rates
Look how even a legitimate business like is it Allan Forbes or a name close to that which had their money invested at Old Mutual didn't give their clients their rightful interest, look at this Brown guy of a few years ago, the high interest rate lures you in
The whole system is corrupt from the president to the police to judiciary ALL of the them.
SARS investigative unit was gutted during the Zuma years😢. It takes a while to rebuild. Sad state of affairs
@@luthandondarala6270 Zuma deluxe bought everything out for a cheap price
Its for political opponents of the state only
Funny how the guy still had some money in RA’s (annuity is the correct term) that were not doing to well from which he was receiving R3000 per month . It’s that kind of attitude that gets people into trouble. The scamsters have those people squarely in their sights.
How are the investors protected by the enormous fees charged by liquidators?
Can’t wait till you guys look into mirror trading international
Lmao bro smashed that "invest" button
But the investment industry doesn’t want its customers to make money , they want to make money and. Make you wait
Many people are not really bothered to save for retirement. At age 55 they cash in the tax free component of their little retirement savings and entrust it to a scammer promising the impossible. It's a combination of blind stupidity, wilful ignorance and self entitled greed. The outcome is inevitable, every single time. I have zero sympathy.
Hundred percent agree. A fool and their money are easily separated. Anyone looking in earnest to increase their wealth will do the due diligence.
Sometimes they are the best to trackdown and track others.
Who did you get thr information
Bro : Trust me bro. My friend told me. 🤣🤣
People had been warned over the years to be suspicious of investments that promises above average returns on investments , but they never learn do they ?
Taking it down to the basic reason for their falling prey to these schemes is only one thing,and that is Greed !
What about the medical aid scheme 😂
😂it's in the (scheme)
How audacious
Day trading,long term does not cut it
It does when u trading for yourself the problem starts when u start taking people's money and make false promises of ridiculous guaranteed profit in an unpredictable market.
“High profile individuals involved” it’s always the same people involved, the same people that have bled us dry since the fall of the nats
As wrong and corrupt as he was, these cases must be handled by experts , saps aren't capable ,theyre corrupted and aren't secure, the quicker its brought to justice the better, an example must be set .
The problem is not even the SAPS. In the US, majority of their procecuters are private sector level, tge federal ones are even better. The state capturer proved we need a justice system overhaul.
There are plenty of these scemes ! Exponent / Afristat 2.4 billion lost ??? Nobody taken to task ???
That's just what we know of . there is many small fish 🐠🐟 which never comes to light 🕯️
Western style greed at play here. Bernie Madoff 2.0 How do people fall for such schemes?!
Must be fans of Steinhoff. When they ravage, they go all in & leave no crumbs.
Are there other kinds of greed?
@@cjtannerza black greed is worse
ANC greed far worse
Need!!😢 Not greed!!
Oh my god!!!!! St Stithians? 😮😮😮😮
Is this the same as the mirror trading international(MTI) scheme? Ponzi? Thank you
No it is not
And just presently we were acamed by a company called, centamin, we need better protection in south Africa, to think how many pensioners lost their money
How can he call it Berkshire Hathaway which is buffet's company
Jonathan Beares gigantic SA holdings is Buffett Investments
To create a sense of trust and legitimacy.
I also don’t think “BHI” is trade marked by Buffet which Warriner abused.
Bad journalism. Throughout entire video, they couldn’t once mention what return percentage the fraud trust offered investors....
I wouldn't even ask, of the 2.9 billion rand, how much of it was actual losses & how much was paper loses.
These things are very important details to help make sense of how severe the fraud actually was
3:43 (what happed to the capital parked in the Money market accounts? ) not such a bad loss assuming 79% was in a low risk money market account? even the R584millin was in legitimate assets, i assume not all went down to ZERO during the GFC of 2008?
Surprised EOS Fin is nit part of it. Maybe it is.
When your parents leave you a truck loads of cash and investments but you still too damn greedy and want even more money 🤣 well then nature will balance things in your portfolio from extreme wealth to extreme losses. the net effect is you will have nothing R 0.00.
People pay to mutch tax this wound not happen if tax was not that mutch
Lock 🔒 him up forever
I struggle to comprehend why people will risk their investments with him, jeez just look at the guy - it screams run run run.
Can we investigate tiger agriculture. Also a ponzi in making
I love this channel and the contents. Can I please ask a favour. Can we get people that can actually read, to read the articles.
LMAOOOOOOOOOOOOOOOOOO
Schroeder Drive
Nah you can’t be that ignorant to achieve high and sustainable returns. The hedge funds and asset managers I work with perform but don’t perform that well. My personal fund has achieved above industry returns and bank rates but it is also super risky as we use leveraged products and cannot always hedge out the downside. People need to be aware of sharks and pipe dreams
Dont putt all your eggs in 1 basket.....
Once upon a ponzi yet another fairy tale
Plain Stupidity and Greediness...😅
Mirror trading international 🦗??
God never sleeps.....
God is taking no one to courts. Wake up
Homie needs to practice his reading.
I have no sympathy ….a fool and his money is guaranteed to be parted
People are in a hurry to park their money.and they listen to word of mouth sometimes
He has lost I have not lost everything is soncrazy
A mirror image of Afristrat dealings .
Orchestrated by the anc obviously
@@steveleroux6116 totally unhelpful comment!
Nothing to do with ANC. This is Western style scams. Very sophisticated. Only Europeans can pull something like this.
True non the less
th-cam.com/video/EoMnrVqmGPw/w-d-xo.htmlsi=hjxOf9RbY0wZcYDP...😮😮😮😮
I struggle to comprehend why people will risk their investments with him, jeez just look at the guy - it screams run run run.