* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 22, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    $1 Billion Problem: New Technology Could Save Your Daily Cup of Coffee – SciTechDaily

    The $1 Billion Challenge: How New Technology Could Rescue Your Daily Cup of Coffee

    Canada’s construction industry gets serious about investing in technology as pressure mounts to do more with less – Yahoo Finance

    Canada’s Construction Industry Accelerates Tech Investments to Overcome Growing Challenges and Boost Efficiency

    Workforce Technology Eases Staffing Shortages in Rural Health Care – AJMC

    Workforce Technology Eases Staffing Shortages in Rural Health Care – AJMC

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    $1 Billion Problem: New Technology Could Save Your Daily Cup of Coffee – SciTechDaily

    The $1 Billion Challenge: How New Technology Could Rescue Your Daily Cup of Coffee

    Canada’s construction industry gets serious about investing in technology as pressure mounts to do more with less – Yahoo Finance

    Canada’s Construction Industry Accelerates Tech Investments to Overcome Growing Challenges and Boost Efficiency

    Workforce Technology Eases Staffing Shortages in Rural Health Care – AJMC

    Workforce Technology Eases Staffing Shortages in Rural Health Care – AJMC

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

BHI Ponzi: Warriner tries to get bail before X-mas

December 13, 2023
in Business
BHI Ponzi: Warriner tries to get bail before X-mas
Share on FacebookShare on Twitter

By Asime Nyide

BHI Ponzi mastermind Craig Warriner was due back in court on March 20 next year (2024).

But yesterday BizNews received a tip-off that he was going to apply for bail today (Tuesday 12 December) .

He did indeed appear in the Palm Ridge Magistrates Court in Katlehong where he addressed the court at length.

At his previous appearance, on 12 October, Warriner notified the court of his intention to cooperate, admitting to tax fraud, and implicating several “financial guys” in his elaborate scheme.

To find out what he had to say, listen below:

Warriner’s bail application was postponed to Tomorrow (Wednesday 13 December).

Warriner’s scheme, orchestrated through the BHI Trust, is said to have defrauded an estimated R1 182,906,735.00 from nearly 220 investors over the span of a decade. 

The court documents reveal a web of deceit where Warriner and the trust operated without the necessary authorisations, engaging in unauthorised financial activities.

The intricate details of Warriner’s fraudulent activities are still coming to light, portraying a classic Ponzi scheme where new investments were used to pay off earlier investors. 

Warriner targeted over 2,000 clients, including high-profile financial advisers, accumulating a staggering R3 billion in investments.

Craig Warriner in court today (12 December 2023)

Edited Excerpts from Craig Warriners cross examination

Craig Warriner on how the Ponzi scheme worked

Craig Warriner: Funds come in. They go to the broker so we trade the funds with the broker. They come back in so that 3.1 billion can be coming from the brokerage and from the clients, the FSCA said to me that’s it’s about 1.2 billion not 3 billion but that’s a turnover situation so it’s clients funds coming in, going to the brokerage to trade, going back from the broker and back into the bank account so the 3.1 billion might be the turnover so it’s not actual client funds.

On the misconception that he has vast resources; and the Barnard family

Craig Warriner: I’ve got 17,000 in my current accounts. I think I might have about 20,000 in my credit card. I have no assets hence the reason why, my ex-wife is trying to help me with bail because I can’t afford it. And I do not have vast resources before I had a very good lifestyle out of what I did. earned the interest which I was allowed to earn, and the interest as per the application form of all the applicants that came to me. And it also said it was unregulated. It wasn’t covered by any law. and it said you could lose all your money and there was no benching money at all. And there was one client, The Barnard family, that made R43 million rand out of this scheme and in terms of the people that say that they would be devastated. I’m not saying no one’s been devastated but it was a high net wealthy individual that came. 

On if he has resources abroad and if he can afford to forfeit anything given his current situation

Craig Warriner: My ex wife has an Absa account in Mauritius and I think there may be about 600,000 maybe but I have nothing. The reason why my ex-wife is bailing me out is because my wife is having a nervous breakdown because of the way I carried on. And I feel terrible about it.

On the evidence and where it can be found

Craig Warriner: I can’t access the evidence while I’m in Sun City. The evidence will come from my server, that is in Thailand. It’s an administration guy who I used to employ. and that server is where it’s located. That is something I have undertaken to the FSCA and to the liquidators and to SARS that I’m going to try and get that server through to them plus to the prosecution as well. but there’s a sensitivity there because I think that Caddy may try if let’s say the CA or the prosecutor goes and tries to get it from him, he might curl up and maybe even destroy it.

Read also:

BHI PONZI: Investors fume over losses from Global & Local’s “expert advice”
BHI Ponzi: The Global & Local signs come down
South Africa’s “Bernie Madoff” faces second bail hearing amidst BHI ponzi scandal

Visited 6,082 times, 6,082 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/intelligence/2023/12/12/bhi-ponzi-warriner-tries-get-bail-before-x-mas

Tags: businessPonziWarriner
Previous Post

Ramaphosa’s China emulation sparks concerns of authoritarian shift – Ivo Vegter

Next Post

ANC’s shocking stance: Call to cut ties with France threatens South Africa’s economic growth

How AI can help make cities work better for residents – MIT Technology Review

How AI can help make cities work better for residents – MIT Technology Review

June 22, 2025
Angel Reese Has No Words After Another Blowout Loss – Yahoo Sports

Angel Reese Left Speechless After Another Crushing Defeat

June 22, 2025

When Technology Meets Ecology: Charting a Bold Path for Our Planet’s Future

June 21, 2025
‘Jaws’ at 50: Scientists Are Still Studying the Mysteries of Sharks – The New York Times

Jaws at 50: Exploring the Timeless Mysteries of Sharks

June 21, 2025
A Cracked Piece of Metal Self-Healed in Experiment That Stunned Scientists – ScienceAlert

Self-Healing Metal: The Revolutionary Experiment That Amazed Scientists

June 21, 2025
How leading Bollywood actresses are adopting one transformative lifestyle shift – Times of India

How Leading Bollywood Actresses Are Fearlessly Embracing a Bold New Lifestyle Transformation

June 21, 2025
Muskego mom breaks world record in planking – WISN

Muskego mom breaks world record in planking – WISN

June 21, 2025
Russian Minister Warns of Recession as Officials Spar on Economy – Bloomberg

Russian Minister Issues Recession Warning Amid Heated Economic Debate

June 21, 2025
Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

June 21, 2025
Breakfast key to meeting daily fiber needs amid American ‘health crisis’ – Fox News

How Breakfast Can Help You Crush Your Daily Fiber Goals During America’s Health Crisis

June 21, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (696)
  • Economy (710)
  • Entertainment (21,611)
  • General (15,501)
  • Health (9,751)
  • Lifestyle (715)
  • News (22,149)
  • People (713)
  • Politics (717)
  • Science (15,930)
  • Sports (21,207)
  • Technology (15,696)
  • World (690)

Recent News

How AI can help make cities work better for residents – MIT Technology Review

How AI can help make cities work better for residents – MIT Technology Review

June 22, 2025
Angel Reese Has No Words After Another Blowout Loss – Yahoo Sports

Angel Reese Left Speechless After Another Crushing Defeat

June 22, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version