Cape Town's multimillionaire pastor Colin Davids is on his knees again - this time with a begging bowl in hand. The high-living Davids - whose assets were seized three months ago by the Asset Forfeiture Unit amid claims that he was running a Ponzi scheme - says he needs R290000 a month for living expenses and legal fees.story_article_left1His high court bid to get the forfeiture unit to release his money hit a setback this week when Judge Siraj Desai postponed judgment, saying the case was complex and he needed more time before he made his ruling. Judgment is expected next week.Davids claims he is having to live off the charity of others - but he at least has stylish wheels to get around in.A curator appointed by the high court to manage his assets recommended that four of Davids's seven cars be released from the preservation order because they are financed by way of a hire-purchase agreement.These include two Jaguars and two BMWs, the total monthly instalments on which amount to R49000.The curator held on to another BMW, a Land Rover and a Volvo.Less than three months ago, Davids was living in the lap of luxury. He owned a fleet of luxury cars, an upmarket home in Plattekloof with panoramic views of Cape Town, and a holiday home in Hermanus.Both homes have been seized, although Davids and his family are still living in the Cape Town property.The High Court in Cape Town granted the preservation order on July 20 and appointed a curator to manage the assets pending a forfeiture application.The Hawks are investigating a criminal case against Davids and his company, Platinum Forex.It is accused of fraudulently misrepresenting itself to unsuspecting members of the public as a registered service provider. Davids has denied any wrongdoing.block_quotes_startWe have so much money that we should be a bank block_quotes_endIn his court application for cash, Davids lifted the lid on his financial predicament."In order to literally survive, [the family] have had to rely on funds, in the form of loans and donations, from concerned family and friends who have loaned them an amount of approximately R50000," Davids's counsel, Advocate Zaytoen Cornelissen, says in court papers."Should the application not be granted, the [Davids couple] and the minor children will suffer greatly because they do not have any alternative remedies at their disposal."The situation is particularly dire in respect of the minor children whose tuition and school fees that have not been paid since June 2015."mini_story_image_hright1The Asset Forfeiture Unit is opposing Davids's application. The unit said Davids, the sole member of Platinum Forex, allegedly lured unsuspecting victims to invest in a pyramid scheme with promises of as much as an 84% return on their foreign exchange investments.But because of the unrealistic returns, the scheme collapsed.Davids, who is alleged to have collected more than R100-million since he started in 2013, is a pastor at New Direction Grace Church in Parow.He declined to comment this week, saying: "I am not going to talk to you guys, thank you very much."But he appears to be comfortable discussing his woes on Facebook .On August 7 he posted: "Today our Auditors and Accounting firm proved from source records, bank records and trade statements that Platinum Forex Group trades profitably, that we are not a Ponzi scheme, that none of our clients lost money, that all our funds are safe with our bankers and brokers. That we have so much money that we should be a bank."We are very close to put this challenging episode behind us and see to the wellbeing and wishes of our clients."nombembep@sundaytimes.co.za..