Dishonest.wiki

Louis Petrus Liebenberg is a well known South African serial Ponzi scheme promotor, failed business owner and con man. He has been behind many ponzi type schemes and scams including: Tariomix, Forever Diamonds & Gold, Wealth 4U Mining & Exploration, Zircon, and Tariopart Pty (Ltd), trading as Gold Nugget.

Louis is flamboyant and uses his sales charm to lure innocent victims. He openly admitted to pocketing R30m from his failed Wealth 4U scam . He often places the blame on 3rd parties such as the media for his failed scams. Louis has clear delusions of grandeur claiming connections with the mafia as well as buying racing horses and farms to rub shoulders with the rich & famous.

Typically, his scams are recycled concepts of previous versions involving the supposed buying and selling of minerals such as gold and diamonds. Louis claims to have access to a network of undisclosed sellers of these minerals and gives his victims the opportunity to buy “parcels” or pakkies” at a low price and then sell at a high return. In some cases Louis has offered investors up to 5 times their initial investments in 21 days. These scams rely on new investments to pay for the return for existing investments to keep the scam going.

His latest modus operandi is to target predominantly Afrikaans people via media channels and donations, using religion to add legitimacy and peace of mind to his scams.

With disgruntled investors mounting over failed scams, Louis was featured in a Carte Blance episode.

There is also a YouTube channel dedicated to Louis Liebenberg (presumably run by a disgruntled investor) that shows Louis’ odd and openly racist behaviour.