IT began with a select presentation at the Wanderers in Johannesburg. Just 20-30 people brought together by recommendation, they met entrepreneur Cecil Uren and watched his slick presentation on how to get rich quick via a fail-safe property investment. But for many in Uren’s audience, that night has ended in bitter tears and court cases. Lured by the thought of making virtually instant money, they bought property in a coastal development area whose breathtaking views they saw for themselves in his marketing video. Then everything crumbled. Saddled with bonds they could not pay, they were eventually sued by the banks from which they had borrowed money. Though they put up desperate legal defences the end was inevitable. Last month three of the people taken for a ride by Uren found themselves in the high court, Pietermaritzburg. They were indebted to Absa and because they were not making repayments the bank wanted judgment against them and an order declaring their property executable....
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