Forex Trading is recognized as one of the world’s most largest Trillion Dollar company and because of that, many people get involved in it and scam other people by giving them a too good to be true offer, a substantial number of people jumped onto the bus towards ending poverty.
Then these Traders would offer trainings and lessons to other people to launder money from them to make it big for theirselves. One of the cases we’ve seen recently is about a young man who is from South Africa.
Sandile Shezi is a famous name in South Africa. Most people associate him with the great breaks that he has had ever since he got into the Forex market.
Lots of things started to look evergreen for him, he indeed stated Global Forex Institute, which he used to educate those who wished to learn, and financially important for him, those who were willing to invest their hard-earned funds and money for further huge returns.
According to reports by Timeslive, all seems to be collapsing for Sandile Shezi.
It was reported that he has been arrested on allegations of fraud, as the South African police Service attacked on him in Sandton. It's understood he'll appear at the Randburg Magistrate’s Court hereafter.
The 28 year old Durban man, is said to have stolen a whopping R500 Thousand from his business mate who held shares in his company, Global Forex Institute.
Although this matter is related to his own business mate, Shezi was the subject of a news composition by City Press many weeks ago, which reported that there's quite a number of people Shezi has stolen plutocrat from in the guise of Forex investment.
A man, 65 years of age and also a pensioner whose identity is still yet unknown has revealed that he was lured into investing a substantial portion of his pension into Shezi's business, although originally there was some form of return, the youthful man failed to live up to his pledges of over to a whopping R1.2 million.
The moral lesson here is that there is no shortcut to success. Sandile Shezi may have enjoyed some of it but it didn’t last forever as he was finally caught in the act.
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