CASH in TRUST at INVESTEC MISSING- what Investec says

CASH in TRUST at INVESTEC MISSING- what Investec says
Where is cash that was held IN TRUST by INVESTEC?

Dealstream had cash held in trust at Investec...

Our Cash is missing !!

HOW CAN IT JUST VANISH WITHOUT A TRACE?
WE ARE NOT STUPID PEOPLE.
WHO IS TAKING RESPONSIBILITY HERE?

INVESTEC money held in TRUST in our personal names-where is it?

Yes Investec we know the accounts are frozen and that they are empty. Now explain how you are going to get our money that was in your trusting hands back to us?

http://dealstreamfraud.blogspot.com



ask Investec Corporate Cash Management where it is and that we want it back
Steven Group
Kris Mietz kris.meitz@investec.co.za
dgriffiths@investec.co.za

0112869607



IS INVESTEC TAKING RESPONSIBILITY FOR OUR CASH HELD IN TRUST WITH THEM?




_____________________________________
RESPONSE FROM INVESTEC


We are aware of the current problems related to Dealstream Securities (Pty) Ltd (Dealstream). Dealstream utilises an online product provided by Investec to intermediaries who manage client accounts. In terms of the legal relationships:

* Investec has limited capacity to deal with the clients of any intermediary that use this online product
* Dealstream requires each client to sign a mandate with Dealstream authorising them to open accounts and transact on behalf of the client
* Based on the legal agreement, and the client mandate referred to above, Investec can only transact based on instruction (electronic or otherwise) from designated officials at Dealstream .

Due to the legal structures that are in place, until we obtain some clarity on the future of Dealstream and the legal process that will be put in place, Investec will be unable to divulge information and/or process transactions based on instructions directly from the clients of Dealstream.

As an interim step, we have frozen access to the client accounts managed by Dealstream and we will actively work with the parties involved (the JSE, the FSB, RMB and Dealstream) in order to bring this matter to resolution as quickly as possible.

Furthermore, Investec has no trading exposures to Dealstream.

All press related queries should be referred to the Investor Relations division on 011-286 7070.


_________________________________________________


So INVESTEC, what exactly are you saying to the people who had their money held IN TRUST at investec on call?
Are you backing slowly out of this and not assuming any responsibility?
If I have to give you Investec my ID number to find out my cash balance in trust with you, and I found out that I have been defrauded, are you telling me that I must now ask someone else about the whereabouts of my cash in investec?