Platinum Forex also made false promises to members of the public that their so- called investments would yield interest returns of between 48% and 84%. Investigations however, revealed that, as is usual of such schemes Platinum Forex used some of the funds received from investors to pay other members.
Colin davids forex. Jul 24 sole member of the company Platinum Forex, he had R138 million worth of assets frozen, had been making such grand promises until his world came crashing down , · A certain Colin Davids money gathered mainly from unsuspecting lin Davids appeared in the Bellville Magistrates Court on Wednesday. Jul 22 Platinum Forex, the National Prosecuting Authority ( NPA) said the Western Cape High Court had granted the Asset Forfeiture Unit ( AFU) a preservation order amounting to R138m against the scheme, · In a statement, its sole member Colin Davids. Print this articleEmail this article.The Asset Forfeiture Unit has seized the assets of a Cape Town pastor accused of running a pyramid scheme. Davids who is a pastor , local businessman is accused of defrauding people out of millions of rand.
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Platinum Forex Group added 2 new photos. September 30, ·. On Tuesday, the five- bedroom Plattekloof house of Colin Davids, the director of Platinum Forex Group, was sold within 10 minutes at an auction held at the property in Melkhout Street.