Biggest SA Ponzi scheme ever?
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).