South Africa's Craig Warriner ran a Ponzi scheme for a decade and drove a Ferrari while it lasted
Billionaires Africa | 29.05.2026 22:12
Craig Warriner was not supposed to be famous. He had no social media presence. His company had no public profile. He did not give speeches at investment conferences or appear on financial television. For a decade, he moved quietly through elite South African society, collecting other people's money, issuing them with falsified statements showing steady returns, and spending their savings on a Ferrari, a private jet, lavish parties and donations to St Stithians, the prestigious Johannesburg private school from which he had graduated and through whose alumni network he had built most of his client base.
