On Defencex
Q: What happened with Defencex, it seems like guys lost a lot of money?
Walker: 'Well the only reason they have lost money is because the Reserve Bank closed the bank accounts . . . SARB
did not like people to be able to make money because they rely on debt, the banks make money from debt.
'And 200 000 people not doing business with them anymore . . . this is about the (lost) money, it has nothing to do
with the system.
'I know the facts; my lawyers know the facts . . . (they were concerned that) people were taking their money out of
bank accounts and out of investments," and that is why they got involved.
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'I am still with the people who made money and [they] understand. The Reserve Bank closed the banks accounts,
they must decide what to do with the money.
'I am not going to win against SARB that is impossible.'
Q: The scheme was R800m. I read that you had only directed R20m to yourself that doesn't seem like a lot?
Walker: 'I didn't take R20m that is a lie, that money was going to be used to buy a brand new office block
everybody knows that but they still twist the truth around. I am very angry about that.
'They say I transferred R20m to my personal bank account, I did not, that money was sent to (inaudible) it was a
brand new office block that was going to be used as a HQ'.
'We paid out R370m; there was still R349m in the bank account. It is just too much money, they just want their slice.
They are going to take millions and millions in fees . . . the liquidators are going to get their fees, the attorneys are
going to get their fee. That is why they are doing it, to get at the money.'
Q: What are the similarities between Defencex and MFL?
Walker: 'My business was never an investment in the first place, everybody says it was an investment, everybody
says it was 2% a day but nowhere on my website did I ever state it was an investment . . . people just make up their
own things.
'MFL is totally different; it works in a completely different way (to Defencex).'
'Defencex was revenue sharing . . . traditional network marketing pays out to up ten levels, they don't advertise so
they take the advertising budget and they give it to the members . . . what they do is take it as a profit and divide by
up to ten levels.
'What my business did, was take that profit and divide it by everybody and give them a small little fraction of that so
everybody got a piece of the action. So even if you were not part of that team you still got a piece of it.
'In MFL only ten people got paid, in my fund everybody got paid, people don't get that, they don't understand it . . .
everybody shared in the daily profit, not just a certain number of people, it was not very much but it was something.'
Q: But was that money generated from recruiting new members?
Walker: 'No, there was a product, the product was computer training, personal development and emotional freedom
workshops . . . you were buying points to attend the workshops.
'Those businesses already existed, we were outsourcing, like time share.'
On the future
Q: What do you think the future holds in terms of the SARB case?
Walker: 'I am not going to win the case, it is over. They are not going to let me carry on. There is just too much
money involved. But I knew that four months ago, so I was not expecting to win.'
Q: Are you worried?
Walker: 'There is no point in worrying, they will do whatever they want . . . luckily I still have people on my side that
understand, those that know me will understand.
'They may prosecute me but they have to do that to make it seem like I am the bad one not them . . . They will tell
you that they are trying to protect people but they don't care about that.
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'Anyway, I better not say too much, they listen to all my conversations.
'They think I am the biggest criminal in SA at the moment.'
Walker has not responded to requests to comment on a draft of this article.
However, following those requests he posted the following on his Facebook page:
"We have received some inside information that certain media organisations are paid to distort the facts (lie) and
discredit any system that helps people to earn money to reduce/eliminate their debts.
Their objective is to keep the masses poor and dependent on the control system.
What is the control system?"
[52] On 30 June 2013, Mr Rees managed to track down Mr Walker and interviewed him. He posed as a prospective
investor and asked many questions. It appears that Mr Rees was the only one interviewing Mr Walker. He