How SA billionaire got off the hook for Banksy, investment ...

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How SA billionaire got off the hook for Banksy, investment ‘scams’

Martin Levick allegedly made off with over R700m, but cops say he’s no longer in their crosshairs

Journalist

Multibillionaire businessman Martin Levick – accused of fleecing investors and former friends of more than R700m – appears to have wriggled his way out of criminal charges relating to an alleged faux art deal and fraud scam that spanned the globe.

Levick, previously at the helm of Johannesburg-based investment group Genesis Capital, is accused of pocketing hundreds of millions of rand from people in Israel, London and Australia. This is according to documents submitted in a sequestration application against him.

In May 2019, the Sunday Times reported that four of his creditors had advanced a bid to have him sequestrated, with their collective claims amounting to R712m. ..

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