Investors in the estimated R2.7 billion BHI Trust Ponzi scheme are facing a bleak Christmas with no answers to whether they will ever be refunded their money, almost two months after the scheme went belly up.
Investors in the estimated R2.7 billion BHI Trust Ponzi scheme are facing a bleak Christmas with no answers to whether they will ever be refunded their money, almost two months after the scheme went belly up.
The financial adviser they claim referred them to invest in the trust, Michael Haldane, and the directors of financial services provider (FSP)and Allan Gray cut ties with Global and Local — which had been using their investment platforms to manage clients’ funds — whenWarriner told the Randburg magistrate’s court that he wanted to plead guilty to a charge of fraud for managing the fund “irresponsibly
Investors BHI Trust Ponzi Scheme Refund Money Financial Adviser Michael Haldane Fraud
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