Barry Tannenbaum

Barry Tannenbaum (born 1966) is a South African businessman who was accused of the largest corporate fraud in South Africa.[1]

Biography

Tannenbaum was born in Johannesburg in 1966.

In 2007, he moved to Sydney.[2]

In 2009, he was accused of running a R10 billion Ponzi scheme in the largest corporate fraud in South Africa. The fraud promised 880 investors returns of 200% per year in investments related to pharmaceutical imports.[3] However, South Africa never issued a formal extradition request.[2]

In February 2015, he was an Uber driver in Runaway Bay, Queensland.[2]

References

  1. ↑ O'Malley, Nick; Graham, Thomas (June 13, 2009). "Exposed: the Sydney man accused of $1.5 billion scam". The Sydney Morning Herald.
  2. 1 2 3 "SA Ponzi boss Tannenbaum's new life as a taxi driver". News24. February 8, 2015.
  3. ↑ Harrison, Rebecca (June 11, 2009). "S.Africa fraud worth up to $1.2 billion uncovered". Reuters.
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