The Deception

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This is the story of the "Big Swindle".

The sad thing about this is, a lot of people lost everything.People lost their life saving on a promise of better returns. The Investors who saw the names of KPMG & SAXO BANK and thought they are being protected.Well together these Companies where looking out for something and that was their profit margin. They where to concerned about their commission than actually protecting the investors money.

Well you guessed it, they lost everything I am talking about millions of Dollars of the investors money.
KPMG did not do what they where expected to do, the money was not allowed to be pooled into one account, there was a Stop loss Trade in the agreement, they did not follow, they did not care as they only watched after the commission that was due to them.

Let us backtrack and give you a bit of an idea of How the Biggest Swindle unfolded.

It all Started a few years ago when a Company was formed called Leaderguard Spot Forex. This Company got the backing of some major World players.

The likes of KPMG, Saxo Bank, GNI, FEDERAL TRUST, Hamilton solutions among others as their marketing arm and off they went.

Now what they did was they created an impression that they where huge and that they where a safe bet.The marketing kits that they put together using these BIG NAME BRANDS, was first class and would have fooled anyone into thinking that this was a real business.
They had graphs and all types of other devices, that they used to show the potential investor that this was a winning company.
Backed by World Respected Companies.
The Company traded in Forex and they where showing huge gains in there presentation portfolio.

What was supposed to happen was, that every investor in this Leaderguard Spot Forex, would have there own separate bank account that would be the investors portfolio.
Each investor would have their own Bank Account and Leaderguard even sent out statements to the investors showing them their accounts, always showing a positive growth.
All approved by our faithful KPMG.

But that was all a total lie, as there was only one Bank account set up and all the money was pooled into one account. So how they managed to send statements to all the investors was a total fabrication.
There where never any individual bank accounts created .
ONLY ONE ACCOUNT THAT POOLED ALL THE MONEY.

So now that all the money has been lost , what happens to all the people that where affected.
Why now do the BIG BOYS want to shy away from there responsibility.

This has been a big blow for many people and all the Companies involved gained from this partnership.
Now that it has turned sour, they are all acting DUMB.
Like they did not know and they think as they are so big, that they are untouchable.

Well they better think again, as there are a bunch of investors that are not going to sit down.
This is totally unacceptable from big World Players like these to just shy away from their duty and responsibility.

Having something like this happen , losing all your money through a legitimate investment and then having to hear the people involved say "I don't know", is not acceptable as they "DID KNOW" and they did nothing to stop these thieves from loosing all of those MILLIONS.

This is a typical David and Goliath scenario .

The First step has happened and the conclusion of the first day in the High Court in Durban was.

KPMG have been given until the 1st of December 2009 where they will appear in the High Court in Durban, with all their "BIG GUNS" from around the World , to again explain why they "did not know", if they where the ones who where approving everything , ensuring the investors that things where fine.

The KPMG name was used to attract the investors, the KPMG name was used to reassure investors, now that all the money is Gone.
The investors want KPMG, to be accountable for what they where supposed to do, but did not.

Keep coming back, as the story of the "Big Swindle" unfolds.

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