Further adventures of wheeler dealer


Further adventures of wheeler dealer

While maverick millionaire Peter Ronald flits between his Franschhoek wine estate, London Embankment flat and Cape Town Atlantic Seaboard property in Fresnaye, the UK investors who’ve lost millions that he advised them to invest in the Sphere Global Properties Management Fund are  determined to salvage the millions they lost.

Ronald still ducks and dives phone calls and emails, and the water he swims in is as murky as ever. While his business card claimed him to be a director of Sphere at the time he signed up most of his investors in 2007 and 2008, he maintains that he is now simply an agent for the company, which is registered in the Marshall Islands. That means its directors can remain hidden and no physical offices, auditors or financial statements are considered legally necessary.

Like to see more ?


Subscribe to our on-line edition !

For a mere R305.00 per year you get the convenience of our online version including:
  • Twelve monthly issues of Noseweek delivered to your browser
  • A searchable archive
  • Access to every back issue since 1993 !
  • A downloadable PDF version

If it’s just the article you are after, you can purchase it by clicking here.

Tempted ?


For a taste of what awaits you, you are welcome to browse this free issue.

Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -
 
Submitted by : A S Crawford of SANDHURST on 2013-07-26 10:53:38
Don't expect the UK's FSA or South Africa's FSB to do anything ....

Disclaimer

While every reasonable effort is taken to ensure the accuracy and soundness of the contents of this publication, neither the authors nor the publishers of this website bear any responsibility for the consequences of any actions based on the information contained therein.