Financial crime in SA seems never to be punished correctly. Is it those who are relied upon to punish that benefit? Why else is it so lenient with criminals thieving savings. Sickening and shameful
A group should be formed for all the people that invested so as to know what's happening... No one goes back to investers to keep them up to date. We need a cell number that can be contacted
There is alot of companies who are commuting fraud with this Ponzi cryptocurrency schemes that should be investigated. Many international big companies in the country are doing frauds with connections as they bribe officials. Financial advisors are big scammers doing fraud with friendly faces. I can share light too as I did a lot of research on this topic
Really tough to understand how people fall for this stuff. I understand BHI was purporting to be investing in a limited number of publicly traded, well known equities. If BHI promises high returns (say 30%), but said equities are returning much less (let's say 5%), how on earth do you not become suspicious?
Easy for you to assume..how do you tell that to a pensioner who trusted the broker.I mean that's why we go to brokers to handle our financial affairs.NOT EVERYONECIS CLUED ON HOW THE MARKETS AND FUNDS WORK,HENCE THEY GO TO A BROKER OR FINANCIAL ADVISOR.
@@sureshkeshav4983 Fair point. Two retorts I would give, though: -Many (most?) of BHI's customers were well educated folks, by all accounts, who could and should at least have understood the fundamentals. -never invest in something that you do not, at least fundamentally, understand (admittedly, a personal opinion). I would expect brokers/advisors to be able to do the necessary explaining, and customers to be able to say "I don't understand" if that is so. No one goes to a dealer and says "I need transport", you go to buy a car, or truck, or motor bike, bicycle, whatever suits your specific purpose. No differentt for investing. Worst case scenario, keep the money in an interest paying bank account with a reputable institution.
Free him to people he defrauded
Financial crime in SA seems never to be punished correctly. Is it those who are relied upon to punish that benefit? Why else is it so lenient with criminals thieving savings. Sickening and shameful
What about the 700,000,000usd we lost through binance by the Chinese company, QZ Asset management?
Meet Stupid !!!!
Executors are also involved. Our Dad's estate was fully misappropriated via this trust too and we can do nothing it seems
And who gave them a licence to take people money?
A group should be formed for all the people that invested so as to know what's happening... No one goes back to investers to keep them up to date. We need a cell number that can be contacted
MMM at higher grade, targeting The Informed. 😮😮😮
That one left with my R5000 😢 😂😂😂. Gives me palpitations.
😂😂😂
Mmm 🤬🤬🤬
Is there no way to get back our money
a million rand "might not sound like a lot to some listeners" , please show me these listeners so I can chise and go on early retirement.
There is alot of companies who are commuting fraud with this Ponzi cryptocurrency schemes that should be investigated. Many international big companies in the country are doing frauds with connections as they bribe officials. Financial advisors are big scammers doing fraud with friendly faces. I can share light too as I did a lot of research on this topic
The Curators and liquidators will suck up any money.The FSCA should handle this for free..will they?NO.
FSCA themselves are hopeless...They have done nothing till date.Don't bag on them doing anything.
cannot understand why this lady was taken off the morning show
Remember Adriaan Niewoudt and his Vrot Melk Scheme ???😂😂😂 And he tried his luck again afterwards.....😉😉
Really tough to understand how people fall for this stuff. I understand BHI was purporting to be investing in a limited number of publicly traded, well known equities. If BHI promises high returns (say 30%), but said equities are returning much less (let's say 5%), how on earth do you not become suspicious?
…if publicly traded, why not trade oneself via a stockbroker or OTC?
People are not financially literate mate. They buy stories. Most people don't know what the average historical returns are for various asset classes
@@Mr300millzSome people have a quick rich mentality
Easy for you to assume..how do you tell that to a pensioner who trusted the broker.I mean that's why we go to brokers to handle our financial affairs.NOT EVERYONECIS CLUED ON HOW THE MARKETS AND FUNDS WORK,HENCE THEY GO TO A BROKER OR FINANCIAL ADVISOR.
@@sureshkeshav4983 Fair point. Two retorts I would give, though:
-Many (most?) of BHI's customers were well educated folks, by all accounts, who could and should at least have understood the fundamentals.
-never invest in something that you do not, at least fundamentally, understand (admittedly, a personal opinion).
I would expect brokers/advisors to be able to do the necessary explaining, and customers to be able to say "I don't understand" if that is so.
No one goes to a dealer and says "I need transport", you go to buy a car, or truck, or motor bike, bicycle, whatever suits your specific purpose. No differentt for investing. Worst case scenario, keep the money in an interest paying bank account with a reputable institution.
Million is not a small amount, understand that desperate people do desperate things. Make us easy prey
Are these people legally registered to do this
If so Why
Obviously there is a loophole in the law that's being abused
The new norm in this country
People are gullible!
SA business needs cash yet people are going around burning money on senseless schemes.
Thats why a person gets a financial adviser. Because the average person doesnt understand investment. The returns were not outstanding.
There was also Financial Advisers involved in this scheme.....
@truth-Hurts375 Yes, you can't trust anyone
Next Louise Liebenberg???
Noted
Such an animal
Like cfx
Sooth Sayers. Narcissistic
One on cfx
Like Tannenbaum
Mr Christmastree is sitting safe in Australia and cannot be sent back to SA