Living Hands V Old Mutual Unit Trust Managers Ltd Trial

Fifteen years after Fidentia robbed the widows and orphans of mineworkers of over R1billion rand, those victims are putting Old Mutual on trial for allegedly paving the way for that looting, by handing their money over to the Ponzi scheme.

Living Hands Trust accuses Old Mutual of allowing convicted Fidentia fraudster Arthur Brown to access its funds without any due diligence. As a result, money meant to assist widows/orphans was spent on game farms, luxury cars, bonuses and a spa that Brown bought for his wife.

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