J Arthur Brown (File, Sapa)
Cape Town - Convicted fraudster J Arthur Brown, who claims to be living on charity, is living in Cape Town in a house worth R8m.
It was revealed by the Times Live that the former Fidentia head - who claims to have lost all his money - is living in the upmarket suburb of Bishopscourt in a huge, four-bedroom house.
Brown was earlier this year convicted of fraud and ordered to pay a fine of R150 000.
During his six year trial he lived in three houses with a combined value of R26.9m.
But this week, he told reporters that he was really living on charity and doesn’t “live in luxury from supposed ill-gotten gains”.
Brown wouldn’t say who was paying his rent but said he was living off the “financial support of my family and individuals who believed in my plight”.
"Considering my reliance on others, my living expenses are very conservative," he said.
The Bishopscourt house is owned by Up Front Investments 171.
Brown's assets and the R11m beachfront home were seized by the state in 2007.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.