Hey, I did go back and fixed the spelling mistakes. Please, don't tell wifey, she has a mean left-hook, and swears like a sailor!
To Anonymous: If you read the circular carefully, there is no money, and many preferred creditors and others who stand in line. R20,000,000 won't do it.
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The Chief
Two makes a Pair
Another Pair?
Edwabond CEO - New of nothing
At the end of 2008, it became clear that investors had lost all their money invested in Edwafin. The company has been liquidated and R228 million has been lost. Are those who perpetrated this evil are regrouping to pounce on unsuspecting investors again? This blog will expose those who are responsible for the demise of Edwafin. The principle players are Patrick Stapleton, Don Hutchinson, Carole Gardiner, and Rob Klijnsmith
Edwafin
Stapleton, Patrick
The Chief
Don & Sandra Hutchinson
Two makes a Pair
The Klynsmiths
Another Pair?
Carole Gardiner
Edwabond CEO - New of nothing
My EDWAFIN Investment
Read here all about my investment with EDWAFIN, and the attempts to bring it all to a conclusion after it went pear shaped.
Originally Mr Stapleton, the CEO of Edwafin, had an agreement that this blog would not be published before 31 May 2009, and that it would be removed after I had received my money by that date.
Recent events (end of March 2009) have convinced me that there is total lack of sincerity on the side of Edwafin (and most probably Stapleton himself), as he had no problem in subjugating a retired lady to his whims and contrary to any prior written agreements. She is not the only one in this predicament, but is an example for us all.
There is also a group/forum http://groups.google.com/group/edwafinforum as well as on facebook at http://groups.to/edwafingroup, should you be interested in participating in the debate and possible collective legal action against Edwafin and its Management..
Originally Mr Stapleton, the CEO of Edwafin, had an agreement that this blog would not be published before 31 May 2009, and that it would be removed after I had received my money by that date.
Recent events (end of March 2009) have convinced me that there is total lack of sincerity on the side of Edwafin (and most probably Stapleton himself), as he had no problem in subjugating a retired lady to his whims and contrary to any prior written agreements. She is not the only one in this predicament, but is an example for us all.
There is also a group/forum http://groups.google.com/group/edwafinforum as well as on facebook at http://groups.to/edwafingroup, should you be interested in participating in the debate and possible collective legal action against Edwafin and its Management..
Posts
Blog Archive
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2009
(121)
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Jun 2009
(16)
- Some fall for it and the Universe plays one on me
- Somebody did not read properly I think
- Here it is then
- Is the Universe sneaky or not?
- Spotabillity and Rosy Red Apples
- Even while Braindead the Edwafin Credo haunts: Ini...
- Appeal to our old souls
- The welcomed becomes the interloper
- Cabbage theft and retracting snails
- Patrick's dual logic: are we being fooled then?
- Busy, busy, busy, busy
- And you thought I departed with my Harley
- It's fixed
- Pictures lost and found
- Creating Reality as we go along
- Binary dogs and Hadidas
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Jun 2009
(16)
About Me
- Mario Koppers
- After years as a musician and academic, I have come to realize that one need not only have a single career. So I'm working on a second one, and it is all very exciting.
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Statistics
Tr
4 comments:
Liquidators split up the monies to preferred creditors, etc. however they take their fees of the top first, if their mandate is to investigate, audit, find criminal wrong doing, etc. then this should be part of their fees or I'm missing something here.
Edwafin assets if liquidators are able to collect is only R2,360,000
Insurance R20 Million - liquidators don't they need to prove something before lodging a claim?
Hope this does not mean no money, no proposed criminal investigation - therefore no criminal charges.
1. Interesting...
Attorney Ivan Zartz said the liquidators of a Ponzi scheme could claim the return of money from the agents who earned commissions from the unlawful scheme.
Any business brokers who persuaded their clients to invest in the scheme might be sued for negligence if they failed to conduct a proper investigation into how the scheme was operated.
Read article here:
http://www.busrep.co.za/index.php?fArticleId=5040219
2. Pity Edwafin investors don't have the same support.
a. Lawyers eye Tannenbaum's foreign assets.
Read article here:
http://www.busrep.co.za/index.php?fArticleId=5035889
b. Reserve Bank makes beeline for swindler's bank accounts.
Read article here:
http://www.busrep.co.za/index.php?fArticleId=5033881
Edwafin investors need to take a good look at this task team for help in resolving their issues.
First National Bank is working with the task team that was set up to probe the Ponzi scheme allegedly headed by Barry Tannenbaum, a spokesperson said on Thursday.
The task team comprises investigators from the Financial Intelligence Centre, the South African Revenue Service, the South African Reserve Bank, the South African Police Service Serious Economic Offences Unit and the National Prosecuting Authority.
See:
http://www.int.iol.co.za/index.php?set_id=1&click_id=13&art_id=nw20090618141707716C311162
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