Sandile Shezi, South Africa's self-proclaimed youngest millionaire who has long maintained the titles Forex trader and youngest multimillionaire, has been arrested. Shezi is a well-known figure in South Africa, and many people identify him with the tremendous breakthroughs he experienced since beginning his so-called Forex profession at a young age. He rose to prominence in the currency market when he was 23 years old, in 2015. Shezi, who has been charged with fraud, surrendered to police on Wednesday in the presence of his counsel, according to Gauteng police spokesperson Capt Mavela Masondo. "I can confirm that he was apprehended." He is scheduled to appear in Randburg magistrate's court tomorrow [Thursday] on fraud allegations."
Shezi, a Durban resident, was accused of stealing R500,000 from his business partner and stakeholder in Global Forex Institute [GFI]. GFI advertises itself as a forex trading training company that teaches customers how to create their own trading platforms. Shezi, who is said to be South Africa's "youngest millionaire" and proudly displays his Mercedes-Benz G-Wagon and Maserati, was presented with an arrest order earlier this month.
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