Kellermann hits back after Ponzi claim ruins reputation
Cobus Kellermann, accused of running a Ponzi scheme with the Belvedere funds, is fighting to restore his reputation
Former money manager Cobus Kellermann is fighting to clean up his reputation after a series of media reports – sparked by investigations into his conduct while running the so-called Belvedere group of companies — have put paid to any hope of him working in the industry. Kellermann is seeking to summons BizNews publisher Alec Hogg for a lengthy list of defamatory statements made during 2015, where Hogg repeated allegations first made on the OffshoreAlert website by journalist David Marchant, which alleged Belvedere was a US$16bn Ponzi scheme stretching from Mauritius to the Cayman Islands. The reports even attracted the attention of the professional conduct programme of the CFA Institute, the professional body which oversees the chartered financial analyst designation. "Mr Hogg has no intention of co-operating and [owning] up to his defamatory and insulting articles," says Kellermann. "He ruined my career, my reputation, my family, my balance sheet ... my life. But he is too much of ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.