Remember that paterfamilias who schemed and connived to steal money from the wealthy by means of Regal Treasury Private Bank and a number of rough-hewn share schemes and shady accounting schemes?
Finally the bastard is in court, looking pale and wan and sporting a yarmulke according to the press reports. But never fear, Jeff Israel Levenstein has not been idle in the five years since Regal was put under curatorship.
When the CEO of Regal was Johannesburg's private banking wunderkind in the early 2000's, Jeff had this to say of his clientele:
"In the tradition of true private banking, our well-to-do clients - who are often our shareholders - tend to make use of our full range of services. These include treasury, lending, asset management, unit trusts, stockbroking, foreign exchange, corporate finance and IT."
Now would Jeff Levenstein pass up the opportunity to start another bank with all the potential out there? No. He wouldn't. In fact, he didn't.
Levenstein has been hard at work since Regal's collapse starting a banking venture, employing front companies. The name of the bank has not been revealed to this blog (yet) but it is understood to have Middle Eastern connections not necessarily of the Jewish kind.
He has also been in court as an applicant in a civil case. Levenstein and fellow scamster Byron Stewart are suing MTN and Standard Bank for R500m for allegedly stealing their design for a mobile banking product. MTN and Standard Bank are joint venture partners in MTN Mobile Banking.
Acting for Levenstein is that tireless fighter for justice, ex-judge. Willem Heath, who was a close friend and adviser to Brett Kebble. Heath was instrumental in delaying the Regal case, allowing Levenstein to resume his nefarious activities.
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