Two alleged Ponzi kingpins arrested – MyBroadband
In a dramatic turn of events, two major players in the BHI Trust Ponzi scheme, Michael Haldane and Sona Pillay, have been arrested, bringing a new chapter to one of South Africa’s most egregious...
BHI Ponzi : Arrests of key figures in mega-fraud case - BizNews
Jun 3, 2024 · Sona Pillay, 54, was apprehended on May 31, 2024, after a failed attempt to flee overseas. Turned back at an international border, Pillay was detained upon his return to South Africa, where authorities awaited his arrival at OR Tambo International Airport.
BHI Ponzi: Michael Haldane and Sona Pillay granted bail - BizNews
Jun 10, 2024 · The arrests of Michael Haldane, founder of Global and Local, and Sona Pillay, Managing Director of Rubicon Trust Company Ltd., mark a crucial turning point in the investigation of the BHI Trust Ponzi scheme. Sona Pillay, 54, was …
BHI Trust victims fear fraud cases are closed - Mail & Guardian
Nov 11, 2024 · Haldane, 55, who allegedly marketed the scheme to investors was arrested, along with co-accused Sona Pillay, 54, in connection with the Ponzi scheme in June. This came after BHI Trust trustee,...
Two in court for 'involvement' in Ponzi scheme in which
Jun 3, 2024 · Two men implicated in the R2.8bn BHI Ponzi scheme appeared in the Johannesburg specialised commercial crimes court on Monday. The Hawks said Sona Pillay, 54, was arrested on Friday after he...
One Accused From That Massive R1.8-Billion BHI Ponzi
Jun 11, 2024 · In the R1.8-billion BHI Ponzi scheme case, Sona Pillay is alleged to have visited the Sun City casino 131 times where he reportedly placed bets totalling R800 million over four years, withdrawing large amounts in cash to launder the money.
BHI Trust Ponzi Scheme: Haldane and Pillay Arrested in R2.8bn …
Nov 6, 2024 · Michael Haldane and Sona Pillay, key figures in the R2.8bn BHI Trust Ponzi scheme, were arrested in South Africa. They face fraud and money laundering charges.
Investors left outraged: Suspects in R2.7 billion ponzi scheme walk …
Mar 24, 2025 · Financial advisors, including Michael Haldane and Sona Pillay, allegedly pushed investors into the scam despite clear warnings, yet investigations into their role have stalled.
‘BHI accused will face justice’ - PressReader
Feb 7, 2025 · Haldane was arrested with coaccused Sona Pillay in connection with the Ponzi scheme in June last year after BHI Trust trustee Craig Warriner was convicted of fraud and sentenced in May to an effective 25 years in prison.
Global & Local’s founder arrested, with fellow BHI Trust affiliate
Jun 4, 2024 · Global & Local founder Michael Philip Adam Haldane (55) and businessman Sona Pillay (54) both implicated in the BHI Ponzi scheme case, have been arrested. This followed a Hawks serious commercial crime investigation according to a press release issued on Monday by South African Police Service (Saps) colonel Katlego Mogale.