Mirror Trading International (MTI) has been unmasked as what was been termed as the world's largest cryptocurrency Ponzi scam...
Wiehann Olivier 13 Apr 2021
The Direct Selling Association of South Africa (DSA) is imploring the African Union (AU) to initiate a continent-wide effort to stamp out Ponzi schemes...
The current economic conditions are a perfect breeding ground for an increase in get-rich-quick Ponzi and pyramid schemes, warns Mthunzi Mbali, vice-chairman of the Direct Selling Association...
Most investors' first question is, "How much money can I make?" But the accounting scandal at Steinhoff or business fraud at Theranos - and their subsequent share price collapses - highlight that an investor's first consideration should rather be,"How much money can I lose?"
Adrian Saville 30 Jan 2019
Nearly 170 years before the invention of Bitcoin, the journalist Charles Mackay noted the way whole communities could "fix their minds upon one object and go mad in its pursuit"...
Lee Smales 23 Dec 2018
Billionaire Boys Club, The Predator, Sgt Stubby: An All American Hero and Submergence open at local cinemas this weekend...
Daniel Dercksen 13 Sep 2018
Existing financial systems are not able to meet the today's world's needs. It's evolving once again - just as money developed from favours to bartering to what it is today,..
Danette Breitenbach 26 Mar 2018
With Bitcoin volatility making daily headlines, even those living in the technological 'Dark Ages' are realising that the future is digital...
Yarik Turianskyi 21 Feb 2018
NEW YORK - US regulators on Tuesday joined a growing chorus of officials saying they may need new powers to regulate cryptocurrencies which pose risks the investing public does not recognise...
Markus Jooste, the billionaire face of South Africa's biggest ever corporate scandal, grew up in the world of horse racing and gambling...
Kyle Cowan and Ann Crotty 11 Dec 2017
Ghana's financial sector is still struggling to recover from a financial crisis triggered by Ponzi schemes...
Isaac Kaledzi 3 Jan 2017
Black Business Council (BBC) CEO Mohale Ralebitso has resigned amid claims that the organisation is in turmoil...
Genevieve Quintal 26 Oct 2016
The Direct Selling Association of South Africa (DSASA) has reassured South Africans that direct selling and multilevel marketing are neither pyramid nor Ponzi scheme, but to still be on guard against falling for "get rich quick" schemes...
The most undesirable outcome for any investor must be loss from which there is no prospect of recovery.
The clash of the financial-news websites kicked off in the High Court in Johannesburg this week, as Moneyweb accused Fin24 of stealing stories off its website...
Ethical conduct in the workplace is of the utmost importance...
Financial services company Anchor Group moved quickly on Monday, 23 March, to distance itself from allegations placing asset manager Clarus Capital at the centre of a Ponzi scheme based in Mauritius...
Absa's R700-million exposure to the "buy a new car for R699" scheme means that it, Standard Bank and Nedbank could face a mountain of bad debt.
Asha Speckman 4 Aug 2014
PALM COAST, FLORIDA, US: What would you make of a headline that read, "BitPay Passes 10,000 Bitcoin-Accepting Merchants On Its Payment Processing Network"?
Tom Cleveland 22 Oct 2013
On Thursday, 22 August 2013, convicted criminal Ernst Coetzee was arrested on charges of fraud. Coetzee was one of the de facto directors of 1Mobile, which is currently undergoing an insolvency enquiry.
Craig Assheton-Smith 5 Sep 2013
Trust is not some illusive, intangible concept. This is what I have found to be very enlightening, from both research I have conducted and from having worked with some of the biggest African and global brands.
Ann Nurock 18 Apr 2013
The Cliffe Dekker Hofmeyr tax team have shared their individual reactions to this year's Budget Speech by Finance Minister Pravin Gordhan, covering share schemes, cross-issue of shares, retirement reform, VAT registration of foreign businesses, and more.
The South African Reserve Bank yesterday launched an awareness campaign aimed at educating members of the public about the risks of investing in pyramid schemes.
Any future pyramid scheme conmen beware - a new financial consumer advocate is on the prowl.
Evan Pickworth 15 Jun 2012