Vox, Dealstream directors hit hard

Dealstream may have filched 27,3-million shares worth R17m from its client Vox Telecom

Dealstream, the failed brokerage, may have filched 27,3-million shares worth R17m from its client Vox Telecom, according to Vox chairman Tony van Marken.

This means the debts that Dealstream CE Russell Leigh left behind when he fled to Israel, from where he cannot be extradited, are even higher than originally estimated.

Vox directors have also taken a direct hit. Just one working day after Dealstream collapsed, directors and staff asked Dealstream to close their contracts for difference (CFD) positions immediately. It was too late.

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