Liquidators have accused Liebenberg of engaging in fraudulent activities through Tariomix, including operating a Ponzi scheme.
Louis Liebenberg speaks during the launch of his election campaign in Rosebank on 20 April 2024 in Johannesburg. Picture: Gallo Images/Rapport/Elizabeth Sejake
The liquidator-collective alleged that Liebenberg was insolvent and had engaged in fraudulent activities through Tariomix, including operating an unlawful Ponzi scheme. “Contrary to the applicants’ unsupported assertions, Tariomix operated a legitimate business,” he said and added that no court had upheld the claims that his company operated a fraudulent Ponzi scheme.
“The applicants place no facts before this court to support such a case. Instead, they make sweeping unsubstantiated statements in the hope to support such a conclusion,” he wrote.
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