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BHI’s Craig Warriner nailed for 25 years by FSCA forensic audit

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Evidence shows he roped in R2.9bn just since January 2020, but used less than 20% for legitimate trading.

BHI Trust mastermind Craig Warriner was sentenced in the Palm Ridge Commercial Crimes court to 25 years behind bars on Monday for fraud and operating an investment scheme without a licence.

This suggests the true scale of the Ponzi scheme, stretching back at least two decades, is likely to be several billion rands higher than this. In October last year he handed himself over to police and admitted he had been running a Ponzi scheme. A week ago, Warriner was debarred by the FSCA for 30 years from operating in the financial services sector.

 

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