Biggest SA Ponzi scheme ever?

7 Aug

Biggest SA Ponzi scheme ever?

Author: Unknown

Publications: iafrica.com

Date Publiched: 07 August 2012

An 85-year-old woman may have lost her life savings in a Ponzi scheme.

Editor of the Weekend Argus‘ Personal Finance section, Bruce Cameron on Friday said he believed the scheme may see losses of close to R2-billion.

A bloody business meeting in Cape Town last week drew attention to the books of the Relative Value Arbitrage Fund (RVAF).

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