What became of Tannenbaum’s loot?
The Ponzi scheme run by Barry Tannenbaum and his main accomplice Dean Rees started to come unstuck in late 2008 and early 2009. The two men hurriedly made plans to move their loot out of sight.
So, what have the trustees of Tannenbaum’s insolvent estate – who were faced with the task of unravelling one of the biggest and logistically most complex frauds in local history – been doing since then? One thing they did was blow R5.5 million on an Australian trip that turned out to be a largely fruitless attempt to extract information from Tannenbaum, who by then was resident in Runaway Bay in Queensland.