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The Youngest Millionaire in South Africa Has Been Arrested for 'Fraud'
Abstract：Sandile Shezi, South Africa's youngest self-proclaimed millionaire, has been detained by police.
Shezi, who has been charged with fraud, gave himself over in the company of his attorneys, according to Gauteng police spokesperson Capt Mavela Masondo.
“I can confirm that he was detained.” On fraud accusations, he will appear in Randburg magistrate's court tomorrow.
Shezi, a Durban resident, was accused with cheating his business partner and shareholder, Global Forex Institute [GFI], out of R500,000.
GFI bills itself as a forex trading school that teaches customers how to set up their own trading platforms.
Shezi, who is supposedly SA's “youngest millionaire” and has no qualms about flaunting his Mercedes-Benz G-Wagon and Maserati, was served with an arrest warrant.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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