Martin Levick: The artful dodger?
Until April Martin Levick was CEO of investment firm Genesis Capital. Now, with investors claiming he's ripped them off for more than R712m, Levick's world is crashing down around him.
You’d do well to find an investment scandal quite as brazen as that allegedly concocted by former lawyer Martin Levick, 49, of Genesis Capital. Just three alleged victims have emerged so far, but Levick is said to have ripped them off by about R712m. The scam may yet eclipse that of Barry Tannenbaum, who fleeced a number of high-profile South Africans of an estimated R12.5bn in 2009, before fleeing to Australia. Until April Levick was CEO of Genesis, which was founded by his father, Selwyn. The firm still has a staff of 230 who work mainly as brokers selling financial products, mostly from Discovery. Its private equity arm, Genesis Capital Partners, has various investments, including a stake in health-food chain Kauai. Levick’s most prominent alleged victim is Antony Ball, a former Rhodes scholar who co-founded private equity company Brait in 1990. Ball, discussing his ordeal, tells the FM there are people you just shouldn’t believe. "I’ve known him [Levick] for 10 years. [He] has a...
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