At the height of the Forex wave during the mid-2010s, there was one Sandile Shezi, a flamboyant young man who spoke well and had the aura of a charismatic prophet.
’Self-made youngest South African multi-millionaire’, that’s what the founder of Global Forex Institute was referred.
It was this company that he would use to lure unsuspecting clients who paid exorbitant fees to be mentored by him and his business partners.
However, not a lot of people have good stories to share about their experiences with him.
Meanwhile, Shezi appears to have been found out, as the law is seemingly closing in on him, this after reports by the City Press, that he will appears at the Wynberg Magistrates’ Court this morning for allegedly defrauding his clients a whopping R200,000.
Photo: TimesLIVE
According to the victim of Shezi’s shenanigans, Angela Mabena, he told her to invest R200,000 into his cryptocurrency business a few years ago promising unrealistic profits that he failed to pay.
”We were informed that we were making an investment in his business and that we would begin receiving dividends as soon as the enterprise turned a profit,” she said.
Screenshot: Twitter
Mabena is among a myriad of investors who have reported cases against Shezi over the last few months.
And with more cases expected to be opened against him, it is one’s opinion that this is another clear demonstration to South Africans that they need not to turn to these fly-by-night–get rich quick schemes, otherwise they will be at the mercy of criminals who masquerade as forex traders and cryptocurrency experts.
Lesson: Forex or cryptocurrency are serious business activities that are conducted by professional experts, don’t allow people who barely passed Maths Literacy to convince you that they can comprehend such complex mathematical concepts.
What do you make of Shezi’s seemly fall from grace?
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