Results for Ponzi scheme

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Wiehann Olivier, partner, Mazars
MTI Ponzi scheme highlights need for crypto regulationArticle

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

DSA calls on AU to help rid Africa of Ponzi schemes
DSA calls on AU to help rid Africa of Ponzi schemesArticle

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...

22 Jan 2021

Weak economy a breeding ground for get-rich-quick schemes
Weak economy a breeding ground for get-rich-quick schemesArticle

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...

20 Jul 2020

Dr Adrian Saville, chief executive of Cannon Asset Managers
The question every investor should askArticle

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

The Bitcoin bubble is perhaps the most extreme speculative bubble since the late 19th century.
Shutterstock
How low will Bitcoin now go? The history of price bubbles provides some cluesArticle

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

#OnTheBigScreen: Billionaire boys and The Predator returns
#OnTheBigScreen: Billionaire boys and The Predator returnsArticle

Billionaire Boys Club, The Predator, Sgt Stubby: An All American Hero and Submergence open at local cinemas this weekend...

Daniel Dercksen 13 Sep 2018

Marcus Swanepoel, CEO of Luno
Building a new financial systemArticle

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

JavadR via pixabay.com
Balancing cybersecurity and internet freedom in AfricaArticle

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

US policymakers ponder tougher rules for cryptocurrencies
US policymakers ponder tougher rules for cryptocurrenciesArticle

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...

7 Feb 2018

Image credit:
Boytjie's lost billionsArticle

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 tackles Ponzi schemes
Ghana tackles Ponzi schemesArticle

Ghana's financial sector is still struggling to recover from a financial crisis triggered by Ponzi schemes...

Isaac Kaledzi 3 Jan 2017

Business council CEO quits
Business council CEO quitsArticle

Black Business Council (BBC) CEO Mohale Ralebitso has resigned amid claims that the organisation is in turmoil...

Genevieve Quintal 26 Oct 2016

No pyramid or Ponzi schemes in multilevel marketing
No pyramid or Ponzi schemes in multilevel marketingArticle

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...

15 Sep 2016

Managing the risk of being wrong
Managing the risk of being wrongArticle

The most undesirable outcome for any investor must be loss from which there is no prospect of recovery.

5 Aug 2016

Financial-news websites face off in high court
Financial-news websites face off in high courtArticle

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...

12 May 2015

Business ethics start at the top
Business ethics start at the topArticle

Ethical conduct in the workplace is of the utmost importance...

22 Apr 2015

Anchor distances itself from Clarus 'Ponzi' scheme
Anchor distances itself from Clarus 'Ponzi' schemeArticle

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...

26 Mar 2015

Absa admits R700m exposure to R699 cars
Absa admits R700m exposure to R699 carsArticle

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

Tom Cleveland
Internet buying exchanges have morphed into the Bitcoin revolutionArticle

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

Craig Assheton-Smith
Wiping out white collar crimeArticle

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

Ann Nurock
[Trust in business 1] It's all about trustArticle

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

Budget reaction - Cliffe Dekker Hofmeyr tax team
Budget reaction - Cliffe Dekker Hofmeyr tax teamArticle

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.

1 Mar 2013

Reserve Bank warns public of pyramid schemes
Reserve Bank warns public of pyramid schemesArticle

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.

29 Jun 2012

Net tightens on poor quality financial adviceArticle

Any future pyramid scheme conmen beware - a new financial consumer advocate is on the prowl.

Evan Pickworth 15 Jun 2012

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