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Belvedere duo: We are not running a Ponzi scheme

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Cape Town money manager and alleged Ponzi kingpin Cobus Kellerman – from his Facebook page
Cape Town money manager and alleged Ponzi kingpin Cobus Kellerman – from his Facebook page

Cape Town - “There is no Ponzi scheme,"  Cobus Kellermann of Welgemoed in the Cape, and his business partner David Cosgrove, of Mauritius, said in an interview with Die Burger newspaper, a sister publication and part of Netwerk24.

Kellermann and Cosgrove are dousing fires after allegations in the international and local media  that they are involved in a Ponzi scheme.

Both say no, their work is honest and their income is the result of normal hard work.

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