South Africa: Belvedere - How Alleged Ponzi Scheme Collapsed

Since Offshore Alert exposed the Belvedere Group as an alleged Ponzi scheme in March 2015, it has collapsed in many different jurisdictions.

That is according to Offshore Alert editor David Marchant, who said that in Mauritius, eight companies linked to the group run by Capetonian Cobus Kellermann had been closed down by the local regulator.

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