Belvedere duo hit back

Belvedere duo hit back

2015-03-29 10:11

Cape Town - Cobus Kellermann and David Cosgrove of Belvedere Management are hitting back over reports that they are at the centre of a giant alleged Ponzi scheme, serving a letter of demand on independent journalist and publisher Alec Hogg.

Fin24 understands a lawyer's letter has been served on Hogg, who followed up an exposé of investigative journalist David Marchant of OffshoreAlert  on the scheme run by South Africans Kellermann and Cosgrove out of Mauritius. The letter apparently demands a full retraction of each alleged defamatory statement.

Should Hogg, who ran his own series of articles on his BizNews website, not be willing to do this, he is asked to provide substantiated evidence regarding the published claims.

Hogg told Fin24 at the weekend that the respective lawyers would have to take the matter further.

Kellermann and Cosgrove have also demanded, by means of their attorney Johan Theron of Werksmans Attorneys, that Hogg undertake in writing not to publish any statement regarding themselves which Hogg cannot prove and which has not first been forwarded to the attorneys for comments.

Hogg was given untill 22:00 on Friday to adhere to the demands. If he failed to adhere, Kellermann and Cosgrove said they intended to take "appropriate legal actions".

  • Mally Gee - 2015-03-29 10:54

    Alec would not go ahead with a ficticious story., There must have been good and sufficient evidence of a ponzi scheme in play. We need to be warned.

  • Berhalet Beukes - 2015-03-29 11:29

    Tsk tsk... Perhaps they should give a full disclosure of their business operations and MAYBE the public will consider them innocent! So how about it? Prove that it's NOT a ponzi scheme!

      Andrew Freeborn - 2015-03-29 13:02

      Well, that isn't really how the law works. It is "innocent until proven guilty". The burden of proof rests upon their accusers.

  • Berhalet Beukes - 2015-03-29 11:34

    PS: Exactly what would Alec Hogg have to gain by publishing completely false information? A lawsuit costing millions? I doubt he would take such a risk! Unless he has a very large piggy bank! How many times have people not vehemently cried "innocent" in the past, lashed out at journalists, only to be found guilty in the end?

  • Ike Jakson - 2015-03-29 12:08

    Whatever, guys and gals, the fun has just begun.

  • Kos Nkosi - 2015-03-29 20:07

    Sue the hell out of this HOG. Arrogant HOG, he jumped scoop scoop scoop with no basis. Journalists must not be given a licence to defame. Now the ball is in the HOG's court to prove to the public that indeed he had the 'SCOOP'. Isn't it the same guy who alleged that one of the Ponzi schemers was on his way to that Island whilst the guy was in Cape Town. Trust the HOG at your peril. I rest my case.

  • matthew.ferrey - 2015-03-29 20:18

    The thot plickens. Glad my loots not exposed.

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