Ponzi Scheme Pastor From Cape Town Ordered To Pay Back R100 Million

April 25, 2017

Colin Davids is a Cape Flats pastor who has been accused of running a multi-million Rand ponzi scheme. The judge has now ordered him to pay back R100 million to his ‘investors’.

Colin Davids is a pastor for the New Direction Church.

He apparently received a total of R329 million from over 2000 investors into his Ponzi Scheme.

This controversial pastor owns two luxury homes. One is a mansion in Plattekloof and the other is a house in Hermanus. Oh yes… and don’t forget the numerous luxury cars.

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