FSB - this is important for all investors; DTI?

Like most things, all this activity around the Edwafin issues has its positive aspects as well. Ever since I made contact with the FSB (Financial Services Board), I have been speaking to Mr Lawrence Muravha, Analyst: FAIS Enforcement Department of the FSB. We have spoken several times and he his in charge of the investigation of Edwabond specifically (that is the subsidiary of Edwafin that is registered with them).

Some of you might have tried to contact the FSB via their internet front end: that doesn't work at the moment as they are experiencing problems with their server. Most of us know about that, and we will have to be a bit patient. Note: if you want to complain with the FSB, don't use the form on FSB's web site but write to Mr Muravha directly at the address given below. This morning, I delivered copies of documents personally to Mr Muravha, and although they are situated in a most gruesome building, near the old ghost house in Pretoria/Tshwane, he seems to be well aware of the situation and is actively working on the case.

However, he needs the help of investors. He is trying to build a database of all the investors with Edwafin and invites you to contact him to leave your details. Those investors who invested with Edwafin since 1 November 2008, are especially important, as it turns out that Edwabond continued to promote, as it still does now, even after they became aware of their financial predicament. (One lady was offered an investment opportunity at 15%, the day before yesterday, and was told that the cash flow problem would be resolved by the end of the month - well, we have seen that happen, have we not?)

Mr Lawrence Muravha's email is lawrence@fsb.co.za. Alternatively, you could also write to me at mkoppers@chromatique.com, and I will forward your information to. However, complain need to be lodged directly with him.

And then there is the DTI. Now they are a different story all together. Have you tried to contact them lately? It is probably easier to get your money from Edwafin than to get any kind of response from the DTI. They are on this mailing list, but there is not much hope.
As far as can be established, the DTI was informed of the situation some months ago already (perhaps they are the authorities Stapleton referred to), but now they are merely coasting along twiddling any thumbs they are not sitting on. Have you ever tried to get an email address from their impressive website. No joy. Like so many modern organizations they are hidden behind a call centre number, and they are not in the mood to help.
Hey guys, wake up. Your country is calling you!

Second Thoughts - Part 2

There is no rest for the wicked, and perhaps Mr Stapleton is correct in that I am wicked, and in need of reprimand. Nevertheless, I was happily going along with the rest of the daily duties my wife had allocated me, when another email from Mr Stapleton arrived. This time it was a request that I hold by my original undertaking of waiting until 31 May 2009:
20090325 Email From Stapleton 2

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Fair enough. However, there remains the niggling feeling, that few of Edwafin's pronouncements have come to fruition, and what if I don't get my money on or before 31 May 2009. Then I publish my blog and the whole caboodle washes over the edge in any case. That's of little use.
So, now I have asked Mr Stapleton to help me solve the dilemma by being inventive about the matter. I have plenty of ideas, mind you, but Mr Stapleton is a intelligent, innovative person, who is very capable of thinking for himself, and I will leave it up to him to conjure something out of his hat. At the same time I can give this blog a bit of a rest, probably until Friday when I might feel like blogging again. - There is one thing worse than blogging on this planet, and that is Twittering.

20090325 Email Respond to Stapleton 2

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Just fill in the Forms

Mr Stapleton, I reiterate is an honourable, friendly and congenial person, and I wouldn't mind having him as my friend. I am happy that he is part of my life-experience. Again, responded swiftly (remember, he is only holiday at this time). He readily gave me the necessary instructions on how to go about requesting that our money be returned to us. It was also fair that the office was closed at the time and that he didn't have the money or the power to return it just by himself. Also notice the caveat about legal procedures that need to be followed. We will return to this:

20081221 Email From Stapleton - Instructions

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