SA's financial services watchdog has fined Praesidium Advisory Services director Craig Massyn R20 million and barred him from the industry for two decades.
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But offers no clue what happened to the estimated R2bn invested in Imagina FX. 00:01
Liquidators found there was only around R21 000 left in the bank account. Image: Shutterstock
The liquidators of Imagina FX, the failed investment company that was placed in final liquidation in November 2020, have trained their sights on the founder and chief operator, Craig Massyn.
Application has been made in the Cape High Court for the sequestration of Massyn and his wife Mara-Lee based on two claims of R9.1 million and R5.7 million owing to two companies formerly under his control: Imagina FX and Octox.