Derick Smith has absconded with funds

Derick Smith in cahoots with Dawie Pieterse marketed several investment products in South Africa, trading as Xcelerator Limited, a company registered in Belize. <br> <br> Circa March 2014 investor statements were published but shortly thereafter repudiated. Pieterse informed all investors that a problem with the Hong Kong underwriters of the fund had been experienced and that Smith was in the process of resolving the issue.<br> <br> Following this Smith informed all that Pieterse and others were no longer directors of Xcelerator Limited and the they (Pieterse et all) would conduct future business as Xcelerator Compendium Guild. In December 2014 Smith indicated that he would personally see to the repatriation of the Xcelerator Limited funds.<br> <br> Smith has subsequently disappeared- his office in Strand (Cape Town) was abandoned, no forwarding address provided, the phone number for his Belize office is out of order, he does not respond to e-mail, sms or voice mail. <br> <br> Last known e-mail address: [Email Removed] ID: 6607215092087, last known mobile number: 082 415 1333. <br> <br> <br>