Wheelspin | Carte Blanche | M-Net

𝗧𝗵𝗶𝘀 𝘀𝘁𝗼𝗿𝘆 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝗹𝗹𝘆 𝗮𝗶𝗿𝗲𝗱 𝗼𝗻 𝟭𝟭 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟯.
There’s nothing quite like the roar of a high-performance engine. Mustangs, Maseratis, Porsches and BMWs: an array of super luxury cars that most of us can only dream of owning. But what if there was a way to get the ride of your fantasies onto your driveway? A hundred and thirty victims of an elaborate Ponzi scheme thought they’d hit the jackpot when some of the world's most luxurious car brands were offered to them for free as part of an elaborate scheme. Unfortunately, they’d been caught up in a scam. Carte Blanche investigates.
Your favourite episodes are now available on Carte Blanche: The Podcast: linktr.ee/carteblanchetv
---
Visit the Carte Blanche official site: mnet.dstv.com/show/carte-blanche
Find us on Catch Up: bit.ly/32VvbU5
Stream the show live on DStv Now: bit.ly/3l92LhH
Watch more series and movies on Showmax, start your 14-day free trial here: bit.ly/36PFSr0
Get DStv: bit.ly/3edx58V
Like Carte Blanche on Facebook: / carteblanchetv
Follow Carte Blanche on Twitter: / carteblanchetv
Be a fan on Instagram: / carteblanchetv
#carteblanche #southafrica #news #investigation #crime #investment #car #cars #supercars #luxury

[@carteblanchetv]

*NB: Please read our rules before commenting. Please alert us by emailing [e-mail] should you see any comments or threads that contain the below: Racist and/or homophobic comments will not be tolerated and users will be banned immediately. 1. Hate speech, defamation & hostility inciting comments. 2. Harassing (incl. sexual), threatening, embarrassing, swearing at, or abusing of another participant. 3. Acting as employees of Carte Blanche.4. Spam links or comments. 5. Crude or offensive language. Your privacy is important to us. Please do not share personal details in the comments as they will be removed for your safety.

[@YusufGinnah]

For a small country right at the bottom of Africa, Mzansi has striking headlines very often...

[@queyoung754]

Small country, boy you must be crazy... South Africa ain't small at all

[@garyschei]

What's Mzansi?

[@satoshinakamoto6808]

It's a movie, infact a whole Series.... every week something to shock the masses 😂

[@simplyandrandomlysane8208]

It's the lawlessness 🚮😩

[@keepitfrankwithfentse]

@@satoshinakamoto6808 Lol exactly...movie, series, documentary etc....people have no idea

[@pontamike]

One look at Arrie , should be a warning 😂 how’s the hairstyle

[@ncisept5900]

If I earn 40k a month, why on earth would I think I should be driving a R2m car?

[@CodeNameV]

Could be even. With that salary you cannot afford the installment unless you pay 80% dep.

[@sds2954]

South Africa has enough drama for a 12 season reality TV show on Netflix😮. Carte Blanche has no shortage of content

[@reburtouvogel682]

Brilliant reporting from the Carte Blanche team...👌

[@kyledebrouwer7708]

How ignorant does one have to be to fall for this? The mind, it boggles.

[@thabangnthebe5098]

Well. I am a banker and Investigates financial crimes similar to this... What I can tell you is, these deals would NOT be possible if the Banker(s) approving the finance wasn't/weren't corrupt/bribed/complicit... The guy at Marguis is the one falsifying the financials, that is clear. The participants themselves cannot claim ignorance, they somehow new something is wrong here. Wth.

[@silvertongue3003]

All schemes are designed to play on peoples greed, it’s within all of us to want the most rewards for the least amount of risk or work, some have learned to control this urge while others seem to struggle differentiating between fantasy and reality. Stop living your life trying to impress others and rather spend your time impressing yourself.

[@iamkarmenvolmink]

"The greater the outward show, the greater the inner poverty."

[@johanneswehrmann]

Now Cordelia will sell even less than her 3 CD’s a year.

[@XBooks.]

They didn't lie to them... They promised to take them for a ride of their lives😂

[@KingThabiso]

😂😂😂😂😭😭😭😭😭🤞🤞🤞

[@FPV_sk8]

eina!

[@MarkSmith-hq4rr]

I know a few people with true wealth, not credit cards and debt up to their ears but genuine money and none of them drive exotic cars.

[@keepitfrankwithfentse]

Most rich people leverage their credit buying power but they don't overdo it.

[@commeantary20iv]

It's still puzzles me why people don't do research through legitimate channels, in this case banks. Surely they could have found out that they didn't qualify for finance of high value vehicles with their current income. Not to mention, that "collective" schemes like this don't work using proper finance mechanisms.

[@monicakieck7501]

For sure the ANC "the gold Mafia" 4 episodes on KZbin infiltrated 4 major banks and sasfin; ANC won't prosecute ANC 💰 is all that matters

[@stblad3]

It is all about the thrill of posting on social media about your new car. The dopamine boost is addictive to such an extent that all rational thinking goes out the door.

[@glennborrageiro6257]

I have no sympathy for the participants they wanted to flex with their bling

[@angrysocialjusticewarrior]

What's wrong with flexing? Are they harming anyone by flexing?

[@revinot]

Intentional flexing is one thing but some of these people were fleeced

[@theycallhimDevon]

The investors are as guilty of as much greed as the scheme captains. It is all about flaunt and thirst. Look at me, look at me. Now they must pay.

[@emmanuelnxele5901]

Nicely articulated, thank you sis❤

[@Visionery1]

The participants bought cars through the scheme costing 50% more than they would pay at the dealership. Am I missing something, why not just buy the car directly from the dealer, and why would one ever conclude a deal where somebody else makes the payments, leaving you high and dry if they default?

[@XBooks.]

Arie must sue his barber 😂

[@nothandonxumalo4460]

I don't feel sorry for any of the victim this goes back to the simple principle of living within one's means. They were greedy and over looked obvious things. if you play with fire u get burnt-out. Did they even look at their finance contract??

[@francoiscoetzee8420]

Also what about the kick back money from the banks to the dealerships on each deal? hmmmmm

[@andrevangraan5436]

Hey that's just how the medical aid schemes work.

[@simonoregan4744]

A fool and his money are easily parted

[@monicakieck7501]

The ignorance of wealth to show it off; yet SARS is loosing out to the ANC illicit trade with their cartels and syndicates; it is now a pandemic in SA; ANC is the root of all problems in SA along with not one Gupta's group but many 😢

[@kagisomontoeli]

ANC ? how is this conected again, i only saw a very small group of people that wanted to show off. it has nothing to do with no political party...i am not even an ANC member

[@collllllll]

Does any of the people in this video look like ANC members? ANC is resolved for other things but it should be dragged into particularly this scam

[@nothandonxumalo4460]

how does this comment relate to the video about greedy socialites trying to drive cars they can't afford?

[@kefuwemngoma3752]

​@@nothandonxumalo4460It doesn't. Even when It's European Africans,we always find a way to bring in the ANC.🤣🤣

[@karaboleroux]

Lol let's learn to hold the right people accountable. This has nothing to do with politics.

[@beautifulcrazy]

Serves people who are so gullible and believe that a fancy car makeith the soul clean. This idea of wanting wealth and material things is what has led SA down the path of immortality and decent.

[@antoniodasilva3558]

It is amazing how many people still fall for these scams.

[@KingThabiso]

I want to srart a scheme involving barbers to give this Arie guy monthly haircuts 😂😂

[@PlanetJustPlain]

Always a scam in South Africa

[@andrewstone2896]

Brilliant concept, horrible execution.

[@alainkouablan508]

I love south Africa, always something happening 🤣🤣

[@alileevil]

I don't think it was a Ponzi scheme per se. In a Ponzi scheme, there is typically no product involved and the lure is to promise a high return on investment. In this case the business was to share luxury cars and not get a return on investment. The inflated prices was needed to get this business to work, but unfortunately, they underestimated the costs of buying and maintaining expensive cars. That said, they did falsify documents to get the vehicles on credit and must be held accountable for that.

[@traintravellearninafrica9670]

Bayalunga 🤣🤣 I actually have no sympathy for these people, they were greedy themselves and looking to own what was beyond their reach. What happened to buying a simple cars if you can afford one.

[@elsadeklerk9731]

I have no sympathy for these people. Always trying to keep up with the Jones's 😂😂😂😂

[@crig9758]

I drive 🚙 all these luxury cars in my dreams 😴 & it doesn't cost me a cent #

[@zadekeys2194]

Most people (us guys) buy a high end car because of our ego.... A car+insurance should not be more then 10% of your salary..

[@lonewolf7704]

This video is about to end and I still do not see what wrong was done here from the consumer's POV. You want to drive a great car outside of your means, they came up with a scheme to get you just that. Unless we expect convinience to come at no cost, then I am confused here.

[@RadebeKids]

From what I've figured, they falsified income to the banks. The banks thought these folks could afford these cars. Now installments aren't being paid and now the consumers are having to live with the massive shortfalls even if they trade in.

[@waltherziemerink]

bonkers!!

[@Paperscissor183]

This is common for banks insiders

[@XBooks.]

Scam is a great thing 😂.. what she can do is sing a song for us... Call it Lambo number 5... Or no Ferrari in a hurry😂

[@KingThabiso]

😂😂😂😢😢

[@rickmorty7284]

lol....Bathong, South Africa. 💀💀

[@thaabieddante5182]

Please tell that it wasn't just the same Cordelia that sang the Australian National Anthem at Loftus earlier today????

[@Greg65]

Trying to live the "i`m better than you life", now they are just reaping the low life! Rather drive a Chevy Spark and still be able to drive it next month than to drive a Lambo now and have to walk next month!

[@kholwanindlovu559]

I thought rich people have brains 😂😂😂

[@christiaancoetzee2964]

Anybody who buys a car with an installment of 30% of their disposable income is already setting them up for problems.

[@XBooks.]

Luxury pyramid scheme now built with cars😂

[@eddiex950]

Lol 'Bruma Nissan'... Weren't these okes on carte blanche several years ago for chopping 2 cars together and seeing them as a new vehicle? Suprise suprise?

[@ferdisteyn3610]

And yet no one realize that Celebs are the first people any company runs to when they want to push a product, this product was sold by the owner and banks securing it as an legit product to all these celebs used and there is many more they dont mention in here under fals pretences. What about the buyers lying to the banks and signed an corrupt contract into their own name, did the ambassadors sign it? Dont people do a full risk assesment of their affordability when buying a car, home, who lied with Arrie, not the ambassadors reffering which are called agents by this journalist. Think people think, the buyers complaining now after driving a flashy car beyond their means for free are the only guys in the wrong here right up there with the owner that sold this deals with amazing presentation skills to them. Common sense does not cost money people. In covid times wanting to drive flashy cars for show off, yes will say it like it is, is absurd.

[@norm3523]

Delusion of grandiose

[@micheldawidjanstrydom]

Your ego can cost you a lot of money. Pay up what you signed for.

[@frannieswannie6046]

a sucker is born every minute

[@redhorizons8696]

Money the root of all evil.

[@XBooks.]

Fast and the furious

[@tamara40]

I thought high scammers like this is only for developed countries only here in our country yet white ppl l am so amazed jho to be honest 😮😮😮😅😅 why they can't take back the car if they struggling

[@francoiscoetzee8420]

Because they don't actually have the vechiles. They most probably have been sold off elsewhere or stripped and the parts sold and the victims sit with the finace that still needs to be paid.

[@brianrodriguez9347]

@@francoiscoetzee8420 I did not get how it works as well. I thought the victims had the cars in their position.

[@chereenrobbertse2909]

?????

[@pikipikioverland]

fools and their money soon part😁

[@njabuloshingange641]

I've sent in a story. Please take a look at it. It is very urgent

[@mphomokoena2866]

🤣🤣🤣🤣🤣 these only got approved cause of being part of a certain demographic.

[@sonjaroos5483]

Cordelia is absolutely innocent in this!!!

[@deanerickhumalo1480]

She is innocent my stinky foot

[@PaulMabena]

ANC is also innocent 😂 C'mon get out of here!

[@man_named_AGGiE]

What did you learn? Come on. Don't fact check me, pyramid schemes are why Egypt has pyramids... 😂 Their stories will forever be told over and over again, regardless of time or place the schemes shall continue. PS: There's now way the Pyramids weren't a result of a Ponzi scheme or several schemes.

[@andrewstone2896]

Poor Cordelia....... How to flush your music career down the drain. Here is an opportunity for a PR miracle..

[@ferdisteyn3610]

If you only knew the truth you would say something else, but it will come out soon then i hope you retract your keyboard warrior comment.

[@roccodevilliers406]

​@@ferdisteyn3610please enlighten us with the truth

[@lorenzohofmeester4867]

This is actually a great Idea if done legally. Luxury carshare... marketplace app if thinking in terms of a startup business. Anyways These members should have paid like atleast R4k pm for access @ 150 members = R600 000pm(covers atleast 7 or 8 R4Mil cars pm ). These "clients/buyers" were kinda signing "surety" + 1 benefit, They actually got a luxury car. This is basically (example) a friend asking me to take out bond finance on my name for him, and in return I can drive his lamborghini. These palookas failed because they were just not smart. MORAL OF MY STORY - I have seen so many scammers doing so much real work, put so much real effort and thought into a scam... they might as well, in the first place, just do honest and ethical business!!