Tag Archives: Sharemax

Ponzi scheme alert: How to know when it really is too good to be true

27 Sep

Author: Dawie de Villiers, CEO, Sanlam Employee Benefits

Publications:  Sanlam

Date Publiched: 27 September 2013

The extended economic downturn and interest rates hovering around the 5 or 6% mark make investment returns all too elusive right now. With many South Africans, in particular retirees, struggling to make ends meet, it is fertile ground for fraudulent investment schemes – known popularly as Ponzi schemes – to flourish.

The SA Reserve Bank recently launched a national campaign to increase awareness of pyramid or Ponzi schemes. The campaign encourages people to be careful when looking at potential investment opportunities.

South Africans seem to repeatedly entrust their hard-earned savings to operations which, at best, have short-term track records and, at worst, knowingly sell promises that they are unable to deliver on. Investors buy into these promises without fully understanding how these operators achieve their alleged returns.

Over the past six years the following schemes – which have had traumatic consequences for unsuspecting investors – come to mind: Fidentia, Leaderguard, Sharemax, King Group, the Herman Pretorius saga, and Defencex. There is a golden thread running through this list; each one promised a return far superior to that of the financial market, at a very low risk. In hindsight, such promises were too good to be true. But why do we continue to move from one such scandal to the next?

Spotting a Ponzi or pyramid scheme is actually relatively easy – here is a checklist ………

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Sharemax director warns against Fais Ombud complaints

24 Sep

Author: Julius Cobbett

Publications: MoneyWeb

Date Published: 24 September 2013

Dominique Haese claims investors might lose their right to investment returns.

JOHANNESBURG – Investors in Nova Group Investments have been cautioned against pursuing complaints with Fais Ombud Noluntu Bam. Investors have been warned that if they pursue their complaints, they may forfeit their rights to investment returns or repayments from the Nova Group

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Bedrieglike beleggings vang jou só

12 Apr

Author: Hanlie Stadler

Publications:  Die Burger

Date Publiched: 12 April 2013

Dis ’n frase wat almal ken: As dit te goed klink om waar te wees, ís dit. En tog verloor duisende mense jaarliks miljarde rande in twyfelagtige en bedrieglike“beleggings”. Hoe keer jy dat jy ’n slagoffer raak?

VERSKILLENDE SOORTE BEDROG Geen swendelaar gaan jou ooit nooi om in sy Ponzi- of piramideskema of ander soort skelmspul te belê nie. Hulle gaan jou intrek met indrukwekkende syfers en woorde wat klink of dit wettige beleggingsinstrumente is.
In die geval van ’n Ponzi-én ’n piramideskema word jou geld egter nooit regtig in ’n werklike onderneming, eiendom of ander beleggingsinstrument belê nie. Die geld wat jy belê, word gebruik om die belegger voor jou se beloofde opbrengs te betaal. Net só word jou “opbrengs”betaal uit die geld wat die volgende belegger belê.

WAT IS DIE ROL VAN ’N FINANSIËLE TUSSENGANGER?
Voordat jy jou geld belê, vra die raad van ’n sogenaamde finansiële tussenganger – hy kan die titel finansiële raadgewer, gesertifiseerde finansiële beplanner (CFP) of makelaar hê. “Ervare raadgewers het al ál die skemas gesien en weet hoe hulle werk,” sê Came.

Uiteraard is daar enkele vrot appels in die bedryf vir finansiële tussengangers. Só was tussengangers by Herman Pretorius se bedrogspul betrokke. Die Fais-ombudsman het pas tussengangers wat beleggers se geld in Sharemax (’n eiendomsindikasie wat in duie gestort het) belê het, skuldig bevind aan ’n verskeidenheid oortredings.

Maar, sê Lubowski, baie min bedrieglike skemas laat hul produkte deur finansiële tussengangers verkoop óf hulle beperk hulle net tot enkele sulke tussengangers, wat dan ook gewoonlik ’n baie nou verhouding het met die“ghoeroe” van die beleggingskema.

Lubowski sê die rol van ’n finansiële beplanner strek baie verder as net die verkoop van versekerings- of beleggingsprodukte. “Hy moet jou éérs help om realisties en voldoende te beplan en dan te kyk na ’n portefeulje produkte. Enige beplanner wat net aan jou produkte wil verkoop voordat ’n behoorlike proses deurloop is, moet vir jou ’n rooi vlag wees.”

Lees Artikel in Die Burger

How to spot a ponzi scheme

10 Dec

Author: Dawie De Villiers

Publications:  Sake24

Date Publiched: 10 December 2012

Cape Town – With the global economic slowdown and interest rates at around 5% to 6% investment returns are looking bleak.

With many South Africans, particularly retired persons struggling financially, fraudulent investment schemes, or “Ponzi” schemes have become more widespread, says Dawie de Villiers of Sanlam.

Investors often buy into such schemes without full understanding how such schemes and their operators achieve the promised returns.

These schemes often assure investors of a return far greater to that of the financial market, at low risk.

In the past few years, Sharemax, Fidentia, Leaderguard and those of Herman Pretorius are some of the schemes many unsuspecting investors have been caught out by.

There are however ways for investors to prevent falling ….

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Sharemax-adviseur moet geld terugbetaal

28 Oct

Author: Adri van Zyl

Publications:  Sake24

Date Publiched: 28 October 2012 

Johannesburg. – Nóg ’n finansiële adviseur is deur die ombudsman vir finansiële tussengangers en adviesdienste (Fais) gelas om geld terug te betaal aan ’n afgetrede egpaar wat op sy aanbeveling geld in The Villa-ontwikkeling van Sharemax belê het.

Noluntu Bam, die Fais-ombudsman, het gelas dat Christoffel Johannes Nel R320 000 terugbetaal aan ’n egpaar van KwaZulu-Natal.

Dié egpaar, onderskeidelik 71 en 68 jaar oud, het in April 2010 op aanbeveling van Nel in The Villa belê.

Die bedrag verteenwoordig sowat 50% van hul aftreekapitaal en hulle is van die inkomste daarop afhanklik vir hul daaglikse bestaansuitgawes.

Luidens die klagte wat by die ombudsman se kantoor ingedien is, is The Villa aan hulle voorgehou as ’n “belegging met geen risiko nie wat ’n hoër maandelikse inkomste lewer”.

Bam het bevind dat Nel nie ge­lisensieer was om beleggings in die ongenoteerde aandele en skuldbriewe van The Villa te verkoop nie en ook nie die egpaar bewus gemaak het van die risiko’s van die belegging nie.

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