Barry Tannenbaum Explained

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.

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.^[2] However, South Africa never issued a formal extradition request.

In February 2015, he was an Uber driver in Runaway Bay, Queensland.^[3]

Notes and References

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