Directors Duties and Liabilities in RSA

[Lawyer Destroyer]

Dave, I am not surprised. Cockroaches hate light. I see the Anti Fraud International website has publicly resisted both requests and demands. LD

[Lawyer Destroyer]

Dr DS Grieve

Thanks Nicolene.

Here is a pic worth seeing:-

Also the Head of the SACFMI (South African Corporate Fraud Management Institutes) letter - front page only - page 2 seems to be erroneously missing...

But here are the words in text format. I understand the doctors creditors are going great guns and this is going to end up badly for the fraud perpetrators who never thought things would escalate.
Full write up...

11 January 2011

DS Grieve Bridging Solutions

Welcome back to the world we call reality folks.

I sincerely trust 2011 will be what I have a sneaking suspicion its going to be a cracker of a year.

I also trust you and your loved ones enjoyed the break and heaped the peace and love you so richly deserve upon one another this festive season past.

I didn’t really get much of a break myself having worked until 24 December 2010.

The reason for this mainly being a relatively new matter I’m involved with.

I am assisting a group of investors that have lost their shirts in what can only be described as an investment fraud on a pro bono basis.

Like most of these scams I only become sensitised to the nature and scope of the problem when my attention is drawn to the scheme in an investigation.

It seems that the Barry Tannenbaum type scam is a prolific one and that it has reached epidemic proportions locally and globally due to the nature and structure of the different investment schemes.

People invest money, are paid better than average interest on their investments, invest more and then find they lose everything including their capital and the interest they eventually re-invest.

The operators of these schemes engage in little to no legitimate investment activity. In many instances, operators of these schemes file for bankruptcy in an attempt to avoid claims by victim-investors.

To date in the US a multi-disciplinary task team has uncovered cases involving over 310 such operators whose schemes have impacted on over 120 000 victims throughout that country with over US$ 10 billion suffered in losses according to the US Department of Justice Office of Public Affairs .

What strikes me most about the case I’m involved with is the fact that the callousness of the criminals involved is matched only by the remarkable people battling to restore the dignity of the victims.

I have been scrutinising the efforts by Bowman Gilfillan and in particular an attorney called Haroon Laher from transcripts of liquidation proceedings in this particular matter and literally at one stage had to sit back and acknowledge that in this man (Laher) resides the fundamental principles that made the profession great in the first place.

I also have to thank Pauli Simpson and Mercia Fryer at Specialised Services Group (SSG) and Brigadier Casper Jonker (SAPS) for making the time so late in the year to review and escalate the matter.

The current case I am scrutinising involves a certain Dr. DS Grieve and his companies.

An application was made in December 2009 to liquidate a number of Grieve's businesses in what we call a quick and dirty application, which but for a sharp eyed judge, may just have sneaked in.

This application was declined by the court. This was then repeated via CIPRO (a backdoor "voluntary" liquidation) in January 2010.

Bowman Gilfillan in Sandton challenged the voluntary liquidation application and had it converted into a compulsory liquidation. This creates a whole new set of legal rules and changes the playing field significantly for Bowman and the victims. It also changes the situation dramatically for those who applied for the voluntary liquidation.

The companies of Dr DS Grieve , specifically Dr DS Grieve Bridging Solutions a Pty Ltd entity has been made the subject of a Special Inquiry.

Debtors underestimate the seriousness of their situation if fault is found or discovered in the form of fraud, reckless or negligent trading, malfeasance or any other of a host of business "sins".

Retribution can be fast and ruthless against the perpetrators.

Basically David Stephen Grieve offered bridging finance to people during the buying and selling of properties.

Trading on very thin margins David Grieve offered unusually attractive interest rates to investors prepared to put money into the business to grow it.

This doesn’t make sense at all because Grieve could have just as well borrowed that money from the bank at much more favourable rates and instantly increased his margins.

Naturally he did his friends and family (the usual victims) a “favour” by offering them a slice of his “pie”.

The success of his scheme depends largely on his ability to attract new investors so he can use their money to pay the exorbitant interest rates of the “older” investors and when that fails (attracting new investors), so does the scheme.

The question isn’t so much if the scheme will fail but more like when?

In this instance when was when the shortfall reached R 28 million .

The R 28 million question remains, “ where is the money ”?

The fact is, because the business involves the buying and selling of property and providing “bridging” finance in the window period a Bond is approved, funds must by necessity pass through lawyers Trust accounts.

The upshot of this is that the missing millions if this cannot be traced and it cannot, must have as with any asset been misappropriated in some way.

The fact that this is an investment scheme doesn’t alter the principle of theft, which is an asset is misappropriated before it reaches an organisation, while within the organisation or after it leaves the organisation.

Consequently the missing R 28 million will be able to be traced through various lawyer trust accounts.

The only question that remains is which ones?

This shouldn’t be too hard to figure out.

According to Professor Barry Spitz , the one time the corporate veil that protects a trust can be lifted and a Trust cannot be protected is when that Trust is tainted by the proceeds of crime .

It is high time that lawyers like Haroon Laher are rewarded for their diligence and common humanity and those that facilitated the stripping of the investors in Dr. DS Grieve’s schemes funds find their Trust Accounts seized by the Asset Forfeiture Unit .

The issue at hand isn’t simply one of investors losing their life savings, it is about sustainability; it is about investor protection and rule of law.

It’s about creating a climate that encourages foreign direct investment and confidence in the economy through due process.

I look forward to seeing how this case pans out.

Suffice it to say, Dr. DS Grieve seems to demonstrate no empathy or remorse for his victims .

He claims he will be rehabilitated sometime this year already and will be looking to continue his business practices.

If, or when he does, this will be the third such venture .

Let the buyer beware .

Warmest regards

Bart H

Just sent to me by pm from one of the victims - an interesting read - which should make any lawyers who had dealings with Dr DS Grieve start to shiver......especially one in particular... http://www.iol.co.za/news/south-afri...lain-1.1060016

and a great pic - from the movie (Cheers Kit Kat)

[Asterix]

Dr DS Grieve

During the time it has been up, this thread has become a bit of a coffee shop, a number of users hang out here, people check it out daily and it is passed by regularly by the public, victims, associated parties, police, law enforcement agencies and a variety of regulatory and legislative bodies, kind of like a down town cafe. Many people have pm'd across the board on this and a flurry of work is going on that might never have happened. Good stuff for a forum - and especially good for all the victims and creditors caught - who know, they are not alone out there and that others are supporting them, fighting their corner and pursuing the perpetrators. Interestingly enough...this comes to mind:-



and finally the need for all like minded and law abiding South Africans to congregate and fight for the business morals needed to see this country grow and not implode into lawlessness. Well done to the Forum SA MODS and Admin for keeping the ball in play and to all the contributors. and especially to Lawyer Destroyer who has guided much along - and of course also to Bart Henderson, Head of The South African Corporate Fraud Management Institute SACFMI and the other CFE's in RSA and the forensic accountants etc who battle this treachery and deceit daily. Great work - no problem can withstand sustained thought.

Coffees on me :-)

[Asterix]

Fraud & White Collar Crime - No Tolerance!

An interesting summary -

Fraud

The offence of fraud is one of the most widespread offences and is often been referred to in our legal authorities as the “cancer of society”.

Fraud varies from not only credit card fraud and cheque fraud, but also to channelling funds by making false entries into various accounts or submitting false claims to insurance companies.

Fraud is widely regarded as one of the more serious offences for which an individual may be charged and should a client be charged, he should always keep in mind that the possibility of jail sentence is very likely. The courts are generally lenient on first offenders but it has to be stressed that the moment the monetary value or prejudice suffered by the complainant exceed R50 000.00, the courts tend to have zero tolerance attitude.

Since 1990 there has been a crack-down by courts and authorities on fraud or white-collar crime. As a result sentences are much higher than they used to be and the perception of white-collar criminals getting away with crime has definitely been stamped out by our courts. In fact, there are numerous authorities where one can see that should an individual be charged and convicted of fraud of big amounts of money; the courts readily send them to jail as first offenders.

[Ruiter In Swart]

n' Openbare Uitdaging Aan Dr DS Grieve Van Sy Eie Kollegas By Unitas

n' Openbare Uitdaging Aan Dr DS Grieve (en sy vrou) Van Sy Eie Kollegas By Unitas Centurion waar hy glo nie meer werk nie - en dalk nooit weer sy gesig wys nie.

Die brief is lank terug gepubliseer maar net onlangs gesien. n' Epos wat direk vrae vra - waar is die belgger se geld in die vorm van die kontrakt wat jy op jou boeke gehad het ???

Die wereld is nie blind nie - dokter.

Oorspronklike Epos kan in vol hier gelees word:-

http://www.slideshare.net/UnitasDokters/drdsgrieveunitas-copy

DR DS GRIEVE EPOS AAN UNITAS HOSPITAAL BESTUURSPAN - Document Transcript
1.
From: Unitas Dokters <unitasdokters@gmail.com>
Date: 2010/9/2 Subject: Dokter Grieve en Die DS Grieve Groep Bedrog ens
To: Unitas Bestuurspan Insluitend - Adelle; Christof, Nicolet en binnekort almal by netcare Suid Afrika

Dokter Grieve Ons het onlangs hiervan gehoor en bietjie ondersoek ingestel. Elkeen n' klein deel gedoen. En jy bekommer die van ons wat hard gewerk het daarvoor en wat ons Dokter name op hoog hou en prys, jy bekommer die van ons wat UNITA se naam op hoog hou en prys... Nou Dokter Grieve, jy bekommer ons hier by UNITAS, en in Pretoria eintlik baie. Jy word direk daarvan beskuldig dat in Desember 2009, jy wat Dokter Grieve is, en jou “goudgrawer” vrou Sanet Grieve (vorige kelner by jou restaurant Cynthias in Maroela Laan wat jou eerste vrou n’ geregistreerde mediese verpleegster vervang het ) albei julle besighede sonder enige krediteure of beleggers se kennis vrywillig deur die agterdeur en onder n' "dekmantel"skelm gelikwideer het…. Met verliese van oor die R30 miljoen. Ons hoor ook dat jy ondersoek word deur die SAPS, die media jou beleggers en ander. Jy bekommer ons Dokter Grieve. Die feite word bevestig deur n’ kort soektog op jou naam Grieve in die regerings instansie Green Gazette bladsye… baie interessant… weet jy wat, jy bekommer ons... http://www.greengazette.co.za/search...rchText=grieve Maar daar is soveel vuil water onder die brug deur jou gestoot dat mens mooi na die feite moet kyk… Eerstens het ons jou persoonlike finansiële voorstel op die internet opgespoor hier asook by Angel Investments – jy sal weet die internet vergeet nooit ooit iets nie….. http://www.4shared.com/document/H7nG...s_combine.html en jou besigheids ppt http://www.slideshare.net/DrDSGrieve...s-presentation Dokter Grieve – jy het blykbaar tydens die aansoeke vir likwidasie onder eed verklaar dat:-
Eerstens – al die besigheids rekeninge, kontrakte, administrasie en rekords van jy EN jou vrou se besighede geheimsinnig Desember maand 2009 weg is…..
Tweedens – dat al die beleggers se geld (omtrent R25 miljoen) wat in jou sorg was geheimsinnig maar “glo my onder eed” ook terselfde tyd weg is…..
2.Toe ons dit hoor besef ons weer, jy bekommer ons.... Nou, die geld wat weg is hoort volgens goeie informasie. aan vorige pasiënte van jou Dokter Grieve soos byvoorbeeld oud Mnr Louis Bester van Centurion, oud Mnr L Van Der Linde van Lyttleton en klomp ander soos Combrinck ens, asook ou mense se pensioene, uitbetalings van die derde party vir kruppel mense, ou mense se huis lenings ens. Wat jy Dokter Grieve in jou sorg ingeneem het deur gebruik te maak van jou naam as hulle Dokter en jou posisie in die gemeente as Dokter..Jy bekommer ons... So Dokter Grieve, die groot vraag moet wees…. Jy is n’ vertroude aangestelde geregistreerde professionele mediese Dokter – en soos jy sal weet, die situasie is net soos wanneer jy aangestel is om in beheer van die gekontroleerde dwelms kabinet te wees, kom ons se dis net so – Jy het die kabinet sleutels alleen gedra - die dwelms register is nou weg, die dwelms is weg, en jy het klomp geld…kyk na jou mooi kar en die van jou vrou, – …..…so wat is die waarheid hier asseblief – waar is jou maatskappy se rekords, die administrasie waarvoor jy as Direkteur verantwoordelik was – maar mees belangrik – WAAR IS DIE OU MENSE, VORMALIGE PASIENTE, VRIENDE SE GELD WAT JY GEVAT HET ? As jy en jou vrou dit nie gevat het nie – dan waar is die rekeninge, rekords and administrasie van die besighede???????? Toe nou dis nie so moeilik nie? Hoe kan jy die karakter vereistes van n’ mediese dokter voltooi wat by n’ beroemde mediese fasiliteit soos UNITAS hier aangestel is as jy nie kan bewys waar is die boeke vir jou eie besighede en al die beleggers se gelde is geheimsinnig weg…en hulle sit nou in die ergste ekonomiese resessie in geskiedenis terwyl jy lekker lewe en baljaar in Die Hoewes en maak asof daar niks fout is wat jy en vrou Sanet Grieve jou mede Direkteur (bedanking as direkteur staan haar nie af nie) gedoen het nie. Jy sien Dokter Grieve, hier in Centurion, asook in die hele Afrika word n’ dokter op hoog gehou en geprys en vertrou, sy woord is absoluut, en aangesien ek ook n’ dokter is, aangesien ek ook hier in UNITAS werk, wil ek ook weet – waar is almal se geld ? en indien dit weg is – hoekom is daar geen spore nie, geen rekords nie, geen bewyse nie, geen boeke nie ?– nee Dokter Grieve, die enigste ding wat hier in die hospitaal by jou en saam jou teenwoordig is, is “mens rea en actus reus” dalk weet jy wat bedoel dit….jy is mos so slim geleerd. Jy bekommer ons..... Dalk kan jou beleggers dit nie sien nie, maar dis maklik om vir enige geleerde persoon te sien wat julle maklik moontlik kon gedoen het – julle kon net die balans van die finansies maatskappy lenings boekskulde of uitleen kontrakte sonder die beleggers se toestemming of kennis verkoop of geparkeer…. Nie so nie ? Ja of Nee ? Jy is nie n' Nobel pryswenner nie, dit is al baie gedoen en elke liewe een wat dit gedoen het is gevang.....dink bietjie daaraan. Dis hoekom jy ons bekommer.... Jy skuld ons nie geld hier nie Dokter Grieve, maar ons is bewus van n’ groep lokale mense van wie af jy persoonlik hulle lewens geld gevat het en wie nou sonder stem sit, sonder geld
3.sit, in n’ paar gevalle sonder kos sit, definitief sonder toekoms sit – onder die bogenoemde moeilike omstandighede, en wat direk vir jou nou vra – waar is hulle geld of wat het jy daarmee gedoen ? Dokter Grieve, van ons ken jou, ons weet van al jou stories en jou agtergrond en die pak leuens wat jy saam rondgetrek het van die Clubview Mediese Sentrum se dae al toe jy jou vennoot die apteker ingedoen het en laat bankrot speel. Ons weet hoe rooi word jy wanneer jy lieg en bedrieg en hoe bars jy met kolle uit wanneer jy weet jy is uitgevang. Van ons ken van die mense en pasiënte wat geld in jou hande gesit het. Van ons weet wie ons sou glo .....Ons hou jou nou dop en kyk vir kolle.... Jy word hierdeur uitgedaag om te bewys dat jy en vrou Sanet Grieve nie saam bedrog gepleeg het nie. Ons se voor almal dat jy jou beleggers bedrieg het en verneuk het en dat jy en vrou Grieve saam skuldig aan groot bedrog is. As jy voel dis nie so nie - bewys dit....maklik. Bring na vore die bewys dat jy, dat julle, nie bedrog gepleeg het en dat julle nie die klomp ou, siek en bejaarde se geld gevat het nie. Toe nou – haal uit en wys. Maak n’ ordentlike verklaring in die pers media hieroor om jou en vrou Sanet Grieve se onskuld te bewys…..as jy die waarheid praat sal jy net so maak, en jou naam publiek skoonmaak, indien nie, neem ons dan aan jy kan nie, en dat julle skuldig is. Sulke oneerlikheid is miskien beter tuis by Bara of een van die tuisland hospitale...nie hier nie.....ons wag vir jou pers verklaring. Tot dan toe bekommer jy ons....almal.

Bekommerde Unitas en ander Dokters, Verpleegsters en Kollegas

[Lawyer Destroyer]

More Elderly Victims of Dr DS Grieve Bridging Solutions...

Just notified to me, located, identified and confirmed thanks to this forum:-

• Karin Combrinck - retired - R1,000,000.00 (Life savings)
• J Combrinck - retired - R1,000,000.00 (life savings)
• Magrieta Van Der Merwe - R200,000.00 (life savings)
• elderly pensioner 85 years old )
• Magdaliena EJ Viljoen - R500,000.00 (life savings)
• (elderly pensioner 67 years old)
• Albert Van Der Linde R500,000.00 (life savings)
• Old age pensioner 78 years old

For a medical doctor bragging on Facebook to be "earning well in excess of the R550 k I was offered - still I am much better off than a working man while having to do this" - I find personally repugnant. Others will have their own opinions.

I have just finished reading a detailed scientifically accepted impact study on the effects of financial fraud on the elderly who have no recovery alternatives or time.

Defrauding the elderly, is, in simple terms - just cold blooded murder.....

Doing it to ones own trusting friends, former patients and family.....I will leave the description to readers own imaginations.

[AndyD]

Given the number of alleged fraud cases, the long time span and given the large amounts of money allegedly involved how come there has been no justice?

How many of these cases have actually made it onto the court roll?

[Dave A]

Given the number of alleged fraud cases, the long time span and given the large amounts of money allegedly involved how come there has been no justice?

I did a bit of scratching on that issue a bit over a month ago. My impression is it remains unclear as to where this is going to go in the end and it would be premature to leap to any conclusions at this point. If you consider the ongoing saga around the Fidentia collapse where issues are probably more clear-cut than in this case... these things take time.

It is possible that this may simply be yet another financing operation that got caught short as a result of the financial turmoil of 2008 - it certainly was a factor.

Or there could be more to it - certainly there are some very unhappy investors pursuing that possibility.

From a strict "directors' duties" point of view, it seems there may have been some issues - but whether they constitute wilful fraud, embezzlement... Well, there are cookies way sharper than I looking at that pretty closely.

For anyone who has been following this thread, about the only other useful thing I have to say right now is that this discussion clearly does not reflect both sides of the story and is best read with your thinking cap firmly in place.

[Lawyer Destroyer]

Dr DS Grieve / Sanet Grieve Botha - Fraud and Ponzi Scheme Operation

No matter what cap one wears, if one considers the facts alone there can only be one summary of this saga.

I have recently been contacted by one of the victims and provided with more than sufficient evidence to clearly demonstrate blatant fraud with criminal intent. What it appears has transpired is in fact a whole series of subsequent frauds based on the initial one culminating in in a cascade of criminal activities by both parties involved. Let there be what ever other facts there may be - I have certainly been provided with and seen enough to draw a conclusion.

radix enim omnium malorum est cupiditas

[Lawyer Destroyer]

Dr DS Grieve &amp; Sanet Grieve Botha -

Just in case anyone forgets what they look like. I have a feeling we will soon see a lot more of them..........


Dr DS Grieve & Sanet Grieve nee Botha

[Dave A]

Stirrer...

How are things going on the legal action front?

[Lawyer Destroyer]

Fraud Theft and Ponzi Schemes

Outstanding - thanks for asking. I will never be out of a job. I can tell you now it is getting warm and I don't mean Summer is coming.....
There is an old saying by Columbo the old TV series detective -
"Don't do the crime if you can't do the time...."
and always remember - someone is always watching ......LD

[Lawyer Destroyer]

Another One Bites The Dust.......

I have had a number of queries raised about the Dr DS Grieve & Sanet Grieve Botha saga which I intend to update shortly as there have been substantial movements in this case lately- (the last 60 days to be precise) - including the uncovering of interesting facts from a former waitress of Cynthia's restaurant - Louise M, who worked at the restaurant....and ended up laying criminal charges against the owner, for which he was arrested.

In the meantime here's another little ditty about a Cape Town Director who was even a man of the cloth (Trust me......) and his wife Belinda Freeman who thought they were above the law - and beyond the reach of their victims (through using the corporate and matrimonial cloaks).

Asked for help by the victims......naturally given......

http://www.timeslive.co.za/local/2011/08/18/evangelist-accused-of-r5m-fraud

So Craig and Belinda - why shouldn't you do what you want with other peoples money once you have convinced them to put it into your account for a specific purpose ?????
.........Mr Craig Freeman and Mrs Belinda Freeman ....and others.....

BECAUSE IT'S FRAUD, IT'S AGAINST THE LAW - AND FINALLY - IT DOESN'T BELONG TO YOU.....

Remember this in your search for moral guidance - the prayers of the wicked are not heard....

[Lawyer Destroyer]

...With Criminal Intent and Purpose...

Dr DS Grieve

Summary

It is patently clear alleged that Dr DS Grieve and his wife Sanet Grieve Botha with criminal intent and purpose amongst others:-

• Were joint directors in Dr DS Grieve Bridging Solutions (Pty) Ltd
• Conspired to commit fraud and defraud the investors in their business Dr DS Grieve Bridging Solutions (Pty) Ltd..
• Jointly conspired and collaborated together to fraudulently place Dr DS Grieve Bridging Solutions (Pty) Ltd into an unnecessary and criminally inspired liquidation, first through a failed Pretoria High Court Application, then through CIPRO via the back door.
• Collaborated to defraud the investors in Dr DS Grieve Bridging Solutions (pty) Ltd with criminal intent.
• Together ran a deceitful, deliberate and purposeful bonafide Ponzi Scheme.
• Embezzled stole and misappropriated the investors funds placed in trust.
• Used their position in the community to gather and gain the trust of friends family and patients deliberately intent on defrauding them.
• Defrauded their friends, family, patients and especially elderly retired and pensioned victims who trusted him as a medical doctor.
• Ran a similar scheme before and have been cautioned by the Pretoria lawyer Mr Gert van Schalkwyk of Arcadia who saved Grieve that he would end up in jail if this was repeated.
• Carried out brazenly a series of financial gymnastics which are defined as racketeering, money laundering, tax fraud, tax evasion, operating the business of a bank without being registered, contravening (in many instances and in multiple places) the Banks Act, the Harmful Business Practice Act, The National Credit Act and the Companies Act, as well as fraud, embezzlement and theft by misrepresentation and theft by conversion.
• Used a computer to gain pecuniary advantage and defraud investors.
• Used the internet as a tool and device to lure unsuspecting victims.
• Encouraged their staff to participate in lying to victims and playing for time.
• Stripped the company of it's assets and failed to account for inter company loans and transfers to Grieve's wife's businesses thereby materially enriching her and laundering the investors funds to her accounts.
• Stole the directly invested funds of investors without hesitation and with full criminal intent.
• Are now the subject of a series of criminal complaints primarily by elderly and retired victims.

Dr DS Grieve & Sanet Grieve Botha
and an interesting reminder from this forum....

http://www.theforumsa.co.za/forums/showthread.php/8337-Directors-Duties-and-Liabilities-in-RSA/page8

Dr DS Grieve Investments / Dr DS Grieve Bridging Solutions (pty) Ltd in Liquidation
Well well well - it seems that Dr DS Grieve has operated Pyramid and Ponzi schemes before.....several individuals (again including patients of his) from Pretoria and Centurion recently confirmed that Dr DS Grieve left them substantially out of pocket in the early 2000's - whilst practising as a medical doctor - at the Clubview Medical Centre - only escaping prosecution by the skin of his teeth and with the help of a Pretoria lawyer Mr Gert van Schalkwyk of Arcadia, a criminal lawyer who negotiated and helped Dr DS Grieve to pay the investors a percentage back of what they had invested and then made them sign confidentiality and non disclosure hold harmless contracts. Fortunately they have not been shy to come forward and have willingly offered to make full disclosure. Grieve narrowly missed being prosecuted by the NPA when no formal complaints were made to the SAPS. Grieve had chanced his arm and was guilty of a multitude of sins and transgressions under the companies, banks and trading acts. He was sternly warned by Pretoria Attorney Mr Gert Van Schalkwyk that he was on thin ice and risked criminal prosecution.

[Dave A]

This is getting tiresome

It is patently clear that Dr DS Grieve and his wife Sanet Grieve Botha with criminal intent and purpose amongst others:-

It is also law that people are innocent until proven guilty

Unless something has changed since I last checked, the correct phrase at this point would be "It is alleged..."

If it is "patently clear," get it to court. This continual dripping without any evidence of legal progress is increasingly looking like slander and harrassment.