Tannenbaum admits to Ponzi

SHOOT: If you are a schemer, deny for as long as it takes in order to funnel/hide away money, then admit [without admitting everything], but blame others, or say you were duped. Say sorry, and arrange it so your family get the loot.
Here's a summary of the pontifications:

“Speaking on behalf of Mr Tannenbaum, I deny that Mr Tannenbaum has been involved with fraud.” - Ackerman [Spokesman for Tannebaum]

Tannenbaum: “Time will demonstrate that I have defrauded no one. ” he said. He stated he is “absolutely not” behind a multi-billion rand scam targeting South Africa’s super-rich.

Tannenbaum: "I accept that I have an obligation to make full restitution to Barwa for all sums that have been wrongfully diverted or retained."

Tannenbaum: "These actions were taken with the active encouragement and full knowledge of Dean Rees, who acted on behalf of FEL and connected companies. Funds received from or owed to Barwa were transferred to accounts controlled by Mr Rees or entities under his control, including Abated Investments and Bartan."

Rees: "I was duped by Barry."

clipped from free.financialmail.co.za In a damaging affidavit, Barry Tannenbaum has apparently admitted to fabricating documents to deceive Qatar-based real estate company Barwa. This signed affidavit throws some light on the role that Tannenbaum played in an alleged Ponzi scheme believed to have taken at least R1,8bn from more than 400 investors. The affidavit is believed to form part of the application made by Barwa to freeze the worldwide assets of attorney Dean Rees, who has been accused of assisting Tannenbaum. In the affidavit, signed on June 5, Tannenbaum states: "I accept and acknowledge that with my knowledge and consent and participation, and that of FEL, a number of documents including invoices, bills of lading and e-mails were altered or fabricated by me and by FEL (and other connected companies) with the intention of diverting or retaining funds owed to Barwa."