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Two more BHI Trust heavyweights arrested
In a dramatic turn of events, two major players in the BHI Trust Ponzi scheme, Michael Haldane and Sona Pillay, have been arrested, bringing a new chapter to one of South Africa’s most egregious financial scandals.
The arrests of Haldane, founder of Global and Local, and Pillay, the Managing Director of Rubicon Trust Company Ltd., highlight the far-reaching implications of the fraudulent scheme that duped investors out of over R2.8 billion.
[BizNews]
In a dramatic turn of events, two major players in the BHI Trust Ponzi scheme, Michael Haldane and Sona Pillay, have been arrested, bringing a new chapter to one of South Africa’s most egregious financial scandals.
The arrests of Haldane, founder of Global and Local, and Pillay, the Managing Director of Rubicon Trust Company Ltd., highlight the far-reaching implications of the fraudulent scheme that duped investors out of over R2.8 billion.
[BizNews]
