# Former-pastor Colin Davids of Platinum Forex CC and co-accused Derek Bredenkamp have been sentenced to nine years in prison by the Bellville Specialised Commercial Court in the Western Cape for siphoning 329-million-rand in a ponzi scheme. The duo were convicted in June 2025 for the decade-long case. Investigations revealed Platinum Forex was unregistered and investors’ funds were misused for personal gain.
Ex-pastor sentenced to 9 years imprisonment for R329-million ponzi scheme