The billions gambled away by self-confessed Ponzi operator Craig Warriner were sourced through high-profile financial companies, whose endorsement provided the credibility the St Stithians old boy’s criminal enterprise needed. In this fascinating interview, Pretoria attorney Werner Cawood the only victim present when Warriner appeared in a small Katlehong municipal court last week, explains what happened there - and how his firm was sucked into investing with the fraudster’s front company, BHI Trust. Cawood is representing over 100 fellow victims and has applied for the sequestration of the BHI Trust to protect whatever remains of the operation run out of 4 Gremlin Road in Sandton - including data that will implicate the enabling companies. He told Alec Hogg of BizNews that this will help victims go after them. - Alec Hogg

Video production by Asime Nyide

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Timestamps
00:09 - Introductions
01:45 - Werner Cawood on how he came to be involved with Warriner
03:25 - The amounts he invested with Warriner
04:51 - how did you pick up on when you heard about his business model
08:45 - How much, by your estimate, could this Ponzi scheme have have embraced
09:50 - What happened in Warriners hearing at municipal court
13:32 - Why he applied for the sequestration of the trust.
15:35 - Axiom capital
16:38 - Is the money at risk
17:50 - Christian Ashcroft
19:35 - His Impression of Warriner
20:27 - Why he invested with Warriner
21:32 - Are any of your clients involved with this
22:40 - Where to from here
23:38 - Conclusions

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#southafrica #crime #law #fraud #scam #legal