David Shapiro on SA’s ‘Bernie Madoff’ - the St Stithians old boy who stole billions

--:--
After 15 years of running a Ponzi scheme, financial advisor Craig Warriner confessed, handed himself over, pleaded guilty to any and all charges and is seeking the safety of a single cell in prison. An old boy of the prestigious Johannesburg school St Stithians, Warriner, who appears to be the South African equivalent of Bernie Madoff, has lost billions of clients’ rand through a trust named after Berkshire Hathaway. David Shapiro unpacks the story, highlighting red flags that will help others avoid falling into the clutches of fraudsters like this. He spoke to Alec Hogg of BizNews.
25 Oct 2023 7AM English South Africa Investing · Business News

Other recent episodes

Cornelius Zeeman: Global investors eye SA, but sceptical of Ramaphoria 2.0 and mining growth

In this insightful interview, Fairtree portfolio manager Cornelius Zeeman discusses the firm's growth, their global investor base, and the challenges of investing in South African markets. He highlights the scepticism foreign investors have following the "Ramaphoria" era, emphasizing the need for sustained economic growth and policy certainty. Zeeman also shares…
10 Oct 12PM 18 min

Mantengu Mining CEO Miller eyes transformation with Blue Ridge Platinum acquisition

Mantengu Mining, under the leadership of CEO Mike Miller, is poised for transformation with the strategic acquisition of the Blue Ridge Platinum mine. Mantengu Mining, under the leadership of CEO Mike Miller, is poised for transformation with the strategic acquisition of the Blue Ridge Platinum mine. This deal represents a…
10 Oct 10AM 18 min

Equites Property CEO highlights growth, retail ties, and Amazon’s market disruption

Equites Property Fund sees growth in logistics and warehousing sectors, driven by strong retailer relationships and rising e-commerce. CEO Andrea Taverna-Turisan emphasises the importance of logistics giants like DHL and DSV, highlighting the challenge Amazon's entry poses. Renewable energy and infrastructure efficiency remain key to future competitiveness. Taverna-Turisan spoke to…
10 Oct 11AM 21 min

SARS warns crypto traders: Declare profits or face penalties

SARS is ramping up efforts to track cryptocurrency traders, warning South Africans that undeclared crypto profits will no longer go unnoticed. With around 5.8 million SA citizens holding digital assets, SARS has launched a compliance initiative using third-party data and AI tools. The voluntary disclosure program offers a way for…
10 Oct 6AM 20 min