Barry Tannenbaum (born 1966) is a South African businessman who was accused of the largest corporate fraud in South Africa.
Biography
Tannenbaum was born in
Johannesburg
Johannesburg ( , , ; Zulu language, Zulu and Xhosa language, Xhosa: eGoli ) (colloquially known as Jozi, Joburg, Jo'burg or "The City of Gold") is the most populous city in South Africa. With 5,538,596 people in the City of Johannesburg alon ...
in 1966.
In 2007, he moved to
Sydney
Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...
.
[
In 2009, he was accused of running a R10 billion ]Ponzi scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays Profit (accounting), profits to earlier investors with Funding, funds from more recent investors. Named after Italians, Italian confidence artist Charles Ponzi, this type of s ...
in the largest corporate fraud in South Africa. The fraud promised 880 investors returns of 200% per year in investments related to pharmaceutical imports.extradition
In an extradition, one Jurisdiction (area), jurisdiction delivers a person Suspect, accused or Conviction, convicted of committing a crime in another jurisdiction, into the custody of the other's law enforcement. It is a cooperative law enforc ...
request.[
In February 2015, he was an ]Uber
Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, a ...
driver in Runaway Bay, Queensland
Runaway Bay is a coastal suburb in the City of Gold Coast, Queensland, Australia. In the , Runaway Bay had a population of 9,308 people.
The neighbourhood of Anglers Paradise () is situated within Runaway Bay. It is the southern area of Runawa ...
.
References
South African Jews
South African businesspeople
Living people
1966 births
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