{"id":43144,"date":"2014-07-21T08:24:48","date_gmt":"2014-07-21T12:24:48","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43144"},"modified":"2014-07-21T08:24:48","modified_gmt":"2014-07-21T12:24:48","slug":"hedge-fund-scam-more-rulings","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2014\/hedge-fund-scam-more-rulings.html","title":{"rendered":"Hedge fund scam: more rulings"},"content":{"rendered":"<p class=\"arcticle_text\" style=\"color: #000000;\">Personal Finance &#8211; Michal Calitz, the financial adviser who was paid R8.4 million in share profits from the Relative Value Arbitrage Fund (RVAF), which was, in fact, a scam, has been ordered to compensate two more clients who lost money after he advised them to invest in it.<\/p>\n<p class=\"arcticle_text\" style=\"color: #000000;\">The RVAF collapsed after Herman Pretorius, the mastermind of the scheme, shot his business partner and committed suicide in July 2012. The scheme collected an estimated R2.2 billion from about 3 000 investors.<\/p>\n<p class=\"arcticle_text\" style=\"color: #000000;\"><a href=\"http:\/\/www.iol.co.za\/business\/personal-finance\/hedge-fund-scam-more-rulings-1.1722295\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Personal Finance &#8211; Michal Calitz, the financial adviser who was paid R8.4 million in share profits from the Relative Value Arbitrage Fund (RVAF), which was, in fact, a scam, has been ordered to compensate two more clients who lost money [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43144","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43144"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43144\/revisions"}],"predecessor-version":[{"id":43146,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43144\/revisions\/43146"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}