BHI Ponzi: “Nest of Criminality” & fears that missing money could have left SA - with Magnus Heystek

Описание: Fears are growing that some of the missing billions from South Africa’s latest Ponzi scheme could have been sent out of the country. BizNews has been receiving information on off-shore companies linked to the BHI Trust of Craig Warriner. There also appears to be network of at least 11 special purpose vehicles and entities, made up of companies local and offshore - that enabled and benefitted massively from the BHI Fund. The network of entities uncovered so far numbers 16. In this interview with independent financial advisor Magnus Heystek, he says: “…the suspicion is very strong that most of this money is either dissipated on Ferraris and aircraft and has left the country.” Heystek details the huge obstacles that could create for investors who hope to get their money back. He also warns that Ponzi-like schemes land on his desk almost “on a monthly basis”, and urges investors to review their investments without delay and to walk away from unregulated schemes. - Chris Steyn

Video production by Patrick Kidd

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Timestamps
00:00 - Introductions
00:24 - Latest on the BHI Ponzi
02:11 - Magnus Heystek on Craig Warriner's possible co-conspirators
04:21 - On the chance of BHI investors getting any money back
06:18 - On Global & Local's Michael Haldane
08:11 - On investing in Ponzi schemes
11:04 - How often Heystek comes across schemes similar to the BHI Trust
13:18 - Advice to investors
14:44 - Concludes

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#ponzi #southafrica #investing #crime #business