Saturday, August 1, 2009

Investigators begin to unravel Ponzi scheme

A High Court order has frozen R43-million linked to the Ponzi scheme allegedly headed by Barry Tannenbaum.

On Friday, the High Court in Pretoria granted the preservation order to the National Prosecuting Authority's asset forfeiture unit in terms of the Prevention of Organised Crime Act, NPA spokesperson Mthunzi Mhaga said in a statement.

"The order freezes an estimated amount of just less than R44-million held in two bank accounts in the name of Darryl Leigh and the Darryl Leigh Trust," he said

Source: Mail & Guardian

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