Author: Julius Cobbett
Date Published: 05 November 2012
Curators of RVAF pyramid scheme accuse family and lawyer of trying to hide assets.
Curators for RFAV Trust, the scheme run by the late Herman Pretorius, are worried that his family members might be hiding assets. The curators have asked the Western Cape High Court to grant an order to freeze certain assets and funds. They argue that these assets are the rightful property of the 3000-odd investors who placed an estimated R2.2bn in Pretorius’s investment schemes.
Joint curator Rynette Pieters says that without the order “there is a very real fear that the assets will be secreted”.
The application to freeze assets is being opposed by Pretorius’s widow, Susan Ann Pretorius, and her ………