Pension Fraud Headlines on Google

The Provider Road Show kicks off this week with presentations at:

23 Maart – Cafe Pavillion – Polokwane ( Afrikaans)
24 Maart – NG Kerk De Tyger, Parow-Noord (Afrikaans)
31 March – NG Kerk, Umhlanga (English)

Just to get you in the right mood, I thought it might be a good idea to remind you about the reasons why you should create your own PROVIDER trust or pension fund. Take a look at these headlines and newspaper extracts. They steal your money and you have to work for the rest of your life while they retire in style … with you money! Let us stop it now!

(A special word of thanks to the people and institutions who made their premises available and to CANSA for supporting it and for poviding the administration.)

“The rats who ate our pension

Sanlam and its investment division, Sankorp, were the single-biggest beneficiaries of the “Ghavalas option” and all those who thought Sanlam would now rush to do the right thing were wrong.” Noseweek – September 2009

“A 61-year-old man who was found guilty of fraud on Monday was ordered to pay back R18,6-million in compensation, SABC radio news reported on Monday. Mail & Guardian 02/03/10

“Massiewe administratiewe bedrog” het meegebring dat Transnet een van sy pensioenfondse tot R20 miljard kan skuld.” James-Brent Styan Fin24

“… the arrest last week of seven individuals linked to pension fraud of more than R214-million, two of them worked at Alexander Forbes.” iAfrica.com 27 July

“Dis ‘n ernstige oortreding van die Wet op Pensioenfondse. Pensioengeld mag nie in die werkgewer-maatskappy belê word nie, tensy die Registrateur van Pensioenfondse toestemming gee,” Die Burger 16/10/01

“Ghavalas admitted to masterminding a pension fraud scheme that ransacked seven pension funds of R300-million.” Mail & Guardian 02/03/10

“n Werknemer van Behr SA het sowat R1.8 miljoen uit die maatskappy se salarisse en pensioengelde verduister.” Nuus24 02/10/09

“Johannesburg – Twenty-six businessmen, together with the country’s biggest pension fund administrator, are due to appear in court on Monday on charges of siphoning off up to R800 million from various pension funds.” Wiseman .........................

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