South Africans are often swindled out of their savings by slick con artists. People need to ask questions and be wary of tempting offers
A convicted fraudster is separating gullible South Africans from their money in a scheme with its very own seductive liberation ideology.
South African authorities busted a pyramid investment scheme on Tuesday involving a company offering HIV/Aids treatments.
When Bernard Madoff allegedly admitted that his investment company was a "big lie", few realised just how big.
President-elect Barack Obama has blamed a lack of "adult supervision" for scandals such as Bernard Madoff’s alleged $50-billion fraud.
US authorities said on Monday they were liquidating Bernard Madoff Investment Securities LLC of New York, following Madoff’s arrest for alleged fraud.
Top world financial groups on Monday revealed massive potential losses from an alleged scam run by Wall Street trader Bernard Madoff.
