'Get-rich-quick' man has his assets frozen

The alleged mastermind of a Cape Town pyramid scheme, who is said to have splurged investors' money on upmarket homes, groceries and cars for his wife, had assets worth R138-million frozen by the Asset Forfeiture Unit yesterday. The unit said Colin Davids, sole member of the company Platinum Forex, allegedly lured unsuspecting victims with promises of as much as an 84% return on their foreign-exchange investments.