SHOOT: Here's one - Drew Rees.
NOSEWEEK: Last week he was back in Johannesburg and booked into suite at the Michaelangelo (R10 000 a night). He attended Thursday's meeting of disgruntled investors, apparently hoping to persuade them that he was as much a victim as they were, and that he was "on their side" in attempting to recover their money. Despite his best efforts – and attorney Drue's attempts to protect him from unsympathetic questioners, the majority of investors present clearly weren't going to take Reeses word for it. His Prada shoes, Ed Hardy Jeans ($1 000 a pair) and spectacular gold watch did not help the situation at all. (Friends say he has a collection of “investment” watches equal to that of the late great Brett Kebble.)
Immediately after the meeting Rees booked out of the Michaelangelo and was on a flight back to Switzerland.
NOSEWEEK: Last week he was back in Johannesburg and booked into suite at the Michaelangelo (R10 000 a night). He attended Thursday's meeting of disgruntled investors, apparently hoping to persuade them that he was as much a victim as they were, and that he was "on their side" in attempting to recover their money. Despite his best efforts – and attorney Drue's attempts to protect him from unsympathetic questioners, the majority of investors present clearly weren't going to take Reeses word for it. His Prada shoes, Ed Hardy Jeans ($1 000 a pair) and spectacular gold watch did not help the situation at all. (Friends say he has a collection of “investment” watches equal to that of the late great Brett Kebble.)
Immediately after the meeting Rees booked out of the Michaelangelo and was on a flight back to Switzerland.
 clipped from www.noseweek.co.zaLast Thursday about 200 of the investors attended a meeting at the offices of attorneys Routledge Modise in Sandton. The meeting was chaired by a partner in the firm, Warren Drue – who introduced himself as a fellow investor. There to represent a whole clutch of Cape investors who had invested over R100m between them were attorneys Craig Delport (see past noses about him) and Richard Goudvis. Surprisingly, also there to address them was Tannenbaum's main Johannesburg agent, attorney Dean Rees. It has been estimated by some of those in the know that Rees made “hundreds of millions” out of commissions he earned by recruiting investors for the scheme. In February, when Tannenbaum had already defaulted on interest payments two months in a row and some investors had started asking nasty questions, Rees hired a private jet and flew to Switzerland with his wife and two small children. shortly before that he bought a house in Lausanne for several million Euros, and another in Barcelona.
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