It is too late for tears for a 57-year-old Bontehuewel mother who lost more than R1-million in an alleged Ponzi scheme. She now sells hot chips and rotis to make ends meet.
Christine Adams (57) is one of several investors, both local and overseas, who lost their life savings or pensions in an investment scheme allegedly run by Devin Persens.
Persens was arrested on Thursday, 9 September and is accused of luring people into the scheme with the promise of a 20% or 30% return on their investments. Investors were apparently asked to invest in properties or diamonds.
Adams said that Persens was very convincing and made her believe that her investment was safe and that she would get dividends as agreed. She opted to invest her money into properties with a monthly return of R50,000.
In Adams’ case all documents and deals were signed at Persens’ Somerset West office more than 15 years ago.
Persens was arrested by police in Mossel Bay on charges of fraud and allegations that he operated a Ponzi scheme. Investors who spoke to Daily Maverick said they had lost more than R2.5-million in the scam.
Maverick Citizen caught up with Adams at her Bonteheuwel, Cape Town, home and took…