Tag Archives: FPI

Makelaars in skema ondersoek

27 Nov

Author: Marelize Barnard

Publications:  Die Burger

Date Publiched: 29 November 2013

KAAPSTAD. – Finansiële raadgewers wat “minstens R100 miljoen” kommissie gemaak het uit beleggers in Herman Pretorius se piramideskema, word ondersoek.Die Finansiële Beplanningsinstituut (FPI) het heelparty klagtes ontvang en doen dissiplinêre ondersoeke na dié makelaars, wat by die instituut geregistreer is.Adv. Jacqui Grovè, hoof van regsdienste van die FPI, het gister gesê die ondersoek gaan voort.

“Ons het al redelik inligting bekom, maar aangesien die tipe oortredings as baie ernstig beskou word, wil ons seker maak ons maak behoorlik werk van die klagtes en ondersoeke,” het Grovè gesê.

Ingevolge die FPI se dissiplinêre regulasies sal die uitslag van verhore oor die makelaars gepubliseer word.

Die FPI kan egter geen inligting bekend maak alvorens die proses afgehandel is nie.

Grovè het gesê die FPI het heelparty klagtes ontvang, maar het die meerderheid van die klaers na die ombudsman verwys, aangesien die FPI se jurisdiksie om klagtes te ondersoek, beperk is tot FPI-lede.

Luidens die jongste verslag van die kuratore van Pretorius se Relative Value Arbitrage Fund (RVAF) is minstens R100 miljoen as kommissie aan makelaars betaal.

Die kurators, Rynette Pieters en Bessie Bester, het in hul verslag gesê verskeie mense is reeds gedagvaar vir ondervraging.

Die kurators volg inligting oor die mense en instansies op waarheen beleggers se geld “gevloei” het en elke transaksie word ondersoek in ’n poging om geld vir die beleggers te herwin.

Een van die kurators se eerste doelwitte is om geld wat in oorsese rekeninge is, na Suid-Afrika terug te bring. Bankstate word ook nagegaan om die geld wat uit dié oorsese rekeninge uitbetaal is, na te spoor.

Pieters het gesê sover die kurators weet, “word al die geld by finansiële instellings in Engeland bewaar”.

Daar word ook ’n prokureur in Switserland aangestel wat sal probeer om die state van bankrekenings in dié land te bekom.

Die kurators het in Oktober by die Wes-Kaapse hooggeregshof aansoek gedoen om die sperdatum vir ’n eerste likwidasierekening uit te stel. Dié rekening moes op 30 Oktober gelewer word.

Pretorius het nie behoorlik boekgehou van die RVAF en ander beleggingsrekeninge se transaksies nie. Dit blyk dat Pretorius bloot die een beleggingsentiteit gesluit en dan ’n volgende begin het.

Hy het geld van die een na die ander oorgeplaas en dan voortgegaan om nuwe beleggers te lok.

Lees Artikel in Die Burger

Pretorius ponzi probe bubbles on

4 Nov

Author: Julius Cobbett

Publications: The Citizen

Date Publiched: 4 November 2013

Brokers who sold the investment products of the late Herman Pretorius were paid commission of “at least” R100m, the most recent letter from the curators of his failed investment scheme, the Relative Value Arbitrage Fund (RVAF), says.

It has been more than a year since Pretorius shot first his former business partner and then himself. The incident confirmed what some had already suspected: Pretorius had been running a massive Ponzi scheme. It has been estimated that the scheme took nearly R2.2bn from 3 000 investors.

The Financial Services Board (FSB) and the Financial Planning Institute (FPI) have launched investigations into brokers who peddled the scheme. But there has been no disciplinary action announced as yet.

Likewise the financial advice ombudsman Noluntu Bam has yet to issue a determination connected with a Herman Pretorius investment.

Earlier this year the RVAF identified Michal Calitz as one of the more prominent brokers. Calitz, who was a close friend of Herman Pretorius, received more than R15m from the scheme. Calitz is still a representative of Impact Financial Consultants CC, which is an FSB-authorised financial service provider and is listed as an FPI member.

The FPI says it is finalising charges against members in relation to the RVAF, but it will pronounce on the matter only once a December disciplinary hearing has been held.

The FPI’s Disciplinary Regulations require publication of the outcomes of disciplinary hearings, but after finalisation only, it says.

The FSB says its own investigation into the Pretorius matter is not finalised; the “FAIS supervision department is still in a process of engaging with the identified financial services providers and other interested parties”.

The RVAF’s curators are trying to trace investor money that was moved by Pretorius to the UK and Switzerland.

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FPI investigates RVAF investment scheme

17 Jan

Author: RISKSA

Publications: RISKSA

Date Published: 17 January 2013

The Financial Planning Institute (FPI) has launched an investigation into possible breaches of its Code of Ethics and Professional Responsibility by members who may have advised clients to invest money in the Relative Value Arbitrage Fund (RVAF) investment scheme.

In July last year, Herman Pretorius, who ran the scheme, fatally shot himself and an associate, Julian Williams, after the Financial Services Board (FSB) announced its investigation of the RVAF. Investors are reported to have lost hundreds  ……….

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