tag:blogger.com,1999:blog-1236967146746290317.post2289011468699135715..comments2024-03-22T00:15:59.947-07:00Comments on Citizen Alert ZA: Sharemax attorneys deny ombud’s claims of irregular conductTangohttp://www.blogger.com/profile/12651381316753084396noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1236967146746290317.post-23347469202077664762013-02-05T08:24:23.654-08:002013-02-05T08:24:23.654-08:00A potential investor would be an immediate fool to...A potential investor would be an immediate fool to invest in this fraud ridden Ponzi scheme.....<br /><br />Let the old investors be paid out their lost pensions before new 'fools' get raked in!<br /><br />Is this a case of throwing good money after 'bad money?'<br /><br />OMG what nonsense......Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1236967146746290317.post-10603205616213235032013-02-05T03:07:40.431-08:002013-02-05T03:07:40.431-08:00Comment as taken from FA News Editor:
"Foren...Comment as taken from FA News Editor:<br /><br />"Forensic investigator, Pierre Hough, claims that an offer of compromise to Sharemax creditors won’t resolve problems facing investors in the scheme. Sharemax’s application for permission from the High Court to reach an offer of compromise with creditors may be halted according to Chase International managing director Pierre Hough. He says the planned offer of compromise is trying to legalise an illegal act and is prejudicial to the rights of prospective investors. Hough, who is a business strategist and specialist forensic investigator, alleges that there were no investors or shareholders in either The Villa or Zambezi Retail Park because a condition that had to be met for the scheme to become effective had not been fulfilled. He says this condition was that the properties be transferred to the syndication vehicle and this condition had not been met. He says that in terms of the government notice on property syndications, the money deposited by prospective investors into the scheme had to be repaid to them Hough says that the government notice is clear: the money deposited must be repaid to the applicants and he claims, the issue of share certificates to prospective investors is “highly irregular” and “possibly fraudulent”.( From the internet) Question:The money which was invested in tthe property syndiaction scheme was paid into Sharemax's attorney's trust account. Why must the broker repay the funds invested to the client. Should Sharemax not refund the investor the money they took in as an "investment " which was paid according to the prospectus into the attorneys trust account now that all has come to a standstill. The Zambezi Mall was officially opened last year April 2010.They have tenants ,but it is stated that the buildingwork is not complete.It does not make senseAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1236967146746290317.post-62358693299229549802013-02-05T00:18:58.366-08:002013-02-05T00:18:58.366-08:00IS IT IN THE INTEREST OF CORRUPT ATTORNEY'S TO...IS IT IN THE INTEREST OF CORRUPT ATTORNEY'S TO AGREE WITH A JUDGEMENT AGAINST THEM BY THE OMBUDSMAN?<br /><br />WE DID NOT THINK SO....<br /><br />NOW FOR CRIMINAL PROSECUTION, SEIZURE & IMPRISONMENT!Anonymousnoreply@blogger.com