Sandile Shezi has been hit by the spotlight for quite some time now after it was reported that he allegedly defrauded his business partner Allan Ledwaba. They are both co-founders of a forex trading academy under the name forex trading training institute (GFI). According to reports Shezi took away R500k from the business without the knowledge of his business partner which he later on became aware of.
Today was his court appearance date but matters got worse after he arrived two hours later at the Wynberg magistrate’s court in Gauteng. This led to his bail money that amounted to R8k which includes money for his release and the one which was forfeited by the magistrate. Shezi is expected to return to the stand next month on the 9th of December.
More victims emerge
There is an additional of two victims that claim to have suffered from the corruption of Sandile Shezi. This includes a school principal that has indicated that he was defrauded up to R1.2 million and a school headmaster that reportedly invested into some of his business ventures in the 2018.
There are a lot of gullible individuals that are not wise enough to do their own due diligence about the legitimacy of businesses. This is due to the high unemployment rates that we have been subjected to and most importantly the unrealistic expectations from people to get rich overnight. Forex trading is real but you don't have to invest your money with someone so that they can grow it for you. These scams are wide spread on social media and more people are becoming victims on a daily basis. Now that you know this information use it to your advantage to not only protect yourself but others as well.
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