Author: Jacques Dommisse
Publications: City Press
Date Publiched: 05 August 2012
WITH a Bible in one hand, an ex-cop smiled and swindled thousands of investors out of hundreds of millions of rands while living the life of the super-rich for more than a decade.
The story of Herman Pretorius (55), is that of a man who professed to have been a pillar of strength in his community and church, while siphoning off a fortune from investors through a network of companies, close corporations, trusts and schemes, which he mismanaged.
Pretorius, the brain behind the Abante group and now infamous Relative Value Arbitrage Fund