# The Bellville Commercial Crimes Court in the Western Cape has found Platinum Forex boss Colin Davids, his company and marketing manager Derek Bredenkamp guilty of fraud and money laundering. They illegally solicited 329-million-rand in public funds for forex trading, lost 87.5-million-rand, and paid returns using new deposits. The court found they operated without the required licences. National Prosecuting Authority spokesperson Eric Ntabazalila says sentencing proceedings will resume tomorrow:
Forex kingpin and team found guilty of money laundering in R329-million ponzi scheme [SOUND]
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