The Thomas Pages homepage
THE CASUALTIES
OF THE ABUSE OF AUTHORITY IN PUBLIC OFFICE
UNDER  CONSTRUCTION  AS  OUR  INVESTIGATION  PROCEEDS...
These companies were often
misrepresented in the media
as 'pyramid schemes' or
'ponzi investment' companies
as a consequence of
misleading statements
made by the Regulators.
Advocate MS Blackbeard, then South African Reserve Bank (SARS) deputy governor, alleged that the property syndication companies below had contravened the 1990 Banks Act by selling Commercial Paper debentures (made legal by Notice 2172 in Government Gazette 1617 of 14 December 1994, Definitions 1b) in contravening its conditions, and this then caused what has been described as a 'Run on the Bank' and collapse of these nine investment companies.
 Consequently, the SARS Directive gave each of these companies only three months to repay all of its (property invested) capital,
which thus amounted to forced sales, and consequent bankruptcy.  In addition, there are also indications that the appointed liquidators deliberately
undersold these properties even though they had at times received a higher offer (and so this creates the impression of criminal collusion).
Click for further detail — Investigation Progression
1.
Amatenda Property Projects and its investors (2007-168087-23)
     Directors:
Registration: 29/08/2007. Liquidation 17/12/2009.
 
2. Bluezone (Spitskop) and its investors (? companies)
     Directors:
 
3. Capital Investments and its investors (? companies)
     Directors:
 
4. King Financial Holdings and its (approximately 10,000) investors (in 41 companies)
     Directors: Adrian King; Paul King (suicide August 2009 as a consequence); and Stephen King.
As Adrian King put it –
"It's like a traffic officer stopping your vehicle, and then fining you for stopping" (Adrian King, 13 May 2014).
(including King Financial Services; Edrei Investments; Kingvest; Storage Spot; King Health Holdings).
 
5.
Pickvest, or 'PIV Syndication' (now called Orthotouch with its 22 property investments under the name Highveld Syndication) and its investors.
     Directors: Durand Botha, NICOLAS GEORGIOU is sole executive director, and
     Hans Klopper is added as non-executive director and 'business rescue practitioner'.
Its more than 18,000 investors have now launched a class-action suit to recover their R4.6 million lost.
 
6. Realcor (Purple Rain) and its investors (? companies)
     Directors:
 
7.
Sharemax Investments and its (approximately 30,000) investors (in 34 companies)
     Directors: Johannes Botha; WJ Hartzenberg, Wiilie Botha.
 
8.    
9.    
Estimated total number of investors deprived80,000 people.  Estimated total investment savings lostR15,5 billion.
  REMEMBER
"have no fear..., for nothing is covered that will not be revealed, or hidden that will not be known"
Matthew 10:26.

Human Government Crime and Its Punishment Western Cape Justice Portal

Copyright © Lloyd Thomas 2014-2017. All Rights Reserved Worldwide.
Feel free to copy, as long as this full copyright notice is included.

FOR A ROUGH TRANSLATION SIMPLY CHOOSE A LANGUAGE