Liebenberg’s diamond business provisionally liquidated
Tariomix, a company linked to Louis Liebenberg, has been provisionally liquidated by order of the North West High Court.
According to a Beeld report, two investors in Liebenberg’s venture brought an urgent application for the liquidation of Tariomix, which trades under the name Forever Diamonds and Gold.
Thousands of ‘partners’ poured money into the scheme, ostensibly to buy packets of diamonds.
Deputy Judge President Tebogo Djaje granted a provisional liquidation order with a return date on 14 September.
Walter Niedinger, Liebenberg’s attorney, said they would oppose the liquidation on the return date.
On the same day, Liebenberg had some success in another court when he challenged the decision of a digital funds transfer platform to freeze all accounts of ‘partners’.
A second Beeld report says the Gauteng High Court (Pretoria) heard an urgent application and ordered the company AE Switch to pay out all monies left on that platform in the name of the ‘partners’.
AE Switch CEO Tiaan Lombard earlier suspended all transactions flowing through the relevant e-wallets due to indications that Liebenberg’s companies were operating a Ponzi scheme.
The court ordered that investors with e-wallets on the AE Switch platform has to re-verify their accounts and bank details before they can be refunded whatever is left in their e-wallets.
The e-wallets will then be closed permanently.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.