After 15 years Durban Ponzi scheme victims finally get their day in court DailyNewsSA
Durban - Moganberry Govender, 70, from Isipingo, was one of hundreds of investors who lost their money to a Ponzi scheme allegedly run by Mervyn Dennis and his sister MaryAnne Peter more than 15 years ago.
Hlophe granted an application by the defence to have the case adjourned to get certain documents on condition that the trial proceeds on May 20. “It’s on record that advocate Jorgensen, who came on board last year, had received a docket and the transcripts, and indicated that he was ready for the trial date to be set. The case dates back from March 24, 2010, and today it has been on the court roll for nine years. The persons to be blamed for the delay are the defence,” said Hlophe.
The former police officer took a package and invested R400000 of his R800000 pension payout through Dennis’s company, Global Investments, in 2003.
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