Realestateweb - Picvest CEO lays complaint against Andre Prakke - Investment insights - South Africa's fastest-growing property website

Realestateweb - Picvest CEO lays complaint against Andre Prakke - Investment insights - South Africa's fastest-growing property website

Further developments since the article that I published about Picvest (previously PIC Syndications) earlier today. Where there is smoke ...

I find it inexplicable that the properties have not been transferred yet, when it was already confirmed last year that the syndications are fully subscribed?

I find it inexplicable that the attorneys transferred investors' trust funds prior to registration of the transfers of the property.

I find it inexplicable that Trust Funds were transferred to a third party (i.e. Bosman and Visser).

Hopefully explanations for these seemingly inexplicable facts will be forthcoming soon. Somehow I doubt it!

Gareth

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Denny Crane

Denny Crane
It's not me ... yet. Denny Crane from the TV series Boston Legal. Click on picture if you're not sure who he is!