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Murder-Suicide at Center of Potential $245 Million South African Ponzi Scheme

8 Aug

Author:  Jordan Maglich,

Publications: Forbes

Date Published: 08 August 2012

A South African fund manager is dead, along with a former business partner, in an apparent murder-suicide after questions mounted over the legitimacy of his hedge fund and South African financial regulators opened an investigation. After a visit by South Africa’s Financial Services Board (“FSB”) regarding his Relative Value Arbitrage Fund (“RVAF”), Herman Pretorious allegedly then shot and killed Julian Williams at Williams’ private equity firm, Basileus Capital, in Cape Town, South Africa.  Many ominous details about RVAF have since emerged, with authorities suspecting that Pretorious may have operated a massive Ponzi scheme with investor losses approaching up to $250 million.

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