Ponzi scheme owner guilty

STANTON Mark Hermanus, an "investment guru" who falsely guaranteed local investors unrealistically high returns in a Ponzi-type scheme, was found guilty on Monday on 125 counts of fraud, involving over R3million.

STANTON Mark Hermanus, an "investment guru" who falsely guaranteed local investors unrealistically high returns in a Ponzi-type scheme, was found guilty on Monday on 125 counts of fraud, involving over R3million.

The Bellville specialised commercial crime court found Hermanus's sister, Marcia, who was charged with him, not guilty on all charges. - Sapa

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