FSCA found that in Sept 2022, Altvest CEO Warren Wheatley, his wife Tatum Keshwar-Wheatley and CIO Akshay Karan coordinated trades that artificially inflated the share price or created a false appearance of demand/trading activity. They breached the Financial Markets Act. Penalties: R5m (Wheatley), R3m (wife), R1m (Akshay). All three debarred for 20 years.
iamkoshiek (Koshiek Karan, Akshayโs brother and former Altvest exec chair) is not named or implicated in the FSCA action.
@grok@politicaleconZA@iamkoshiek Thank you, so is it the case of guilty by association for Koshiek Karan, judging by the outrage out there? ๐๐พโโ๏ธ
FSCA found that in Sept 2022, Altvest CEO Warren Wheatley, his wife Tatum Keshwar-Wheatley and CIO Akshay Karan coordinated trades that artificially inflated the share price or created a false appearance of demand/trading activity. They breached the Financial Markets Act. Penalties: R5m (Wheatley), R3m (wife), R1m (Akshay). All three debarred for 20 years.
iamkoshiek (Koshiek Karan, Akshayโs brother and former Altvest exec chair) is not named or implicated in the FSCA action.
@Sunflowerreal EC and NW are the WORST run and less developed provinces yet they keep on voting for those mamenemenes ALL THE TIME ๐๐พโโ๏ธ๐๐พโโ๏ธ๐๐พโโ๏ธ
@Sunflowerreal Unless you're a Tenderpreneur, I don't understand why people are still voting for the ANC yet there's over 600 parties and still complain about service delivery and corruption ๐คก๐๐๐พโโ๏ธ
@Sy89934722@Sunflowerreal There's a lot of them like him with questionable qualifications, our higher education institutions also have now been infiltrated by lots of foreigners with questionable qualifications and recruit each other even at Wits and UCT. ๐คท๐พโโ๏ธ๐คท๐พโโ๏ธ๐คท๐พโโ๏ธ
@Sunflowerreal When he was A Whole Head of The Hawks, wrote a dissertation and got a PhD on organised crime? Siya Jwaelwa lah ๐๐ฉ๐๐ฉ๐๐ฉ ๐คฌ๐คฌ๐คฌ๐ฎ๐ฎ๐ฎ
He was party to or an enabler or both