He has been missing for months without a trace. Forex trader and alleged scammer Sandile Shezi has been untraceable since word got out that the South African Police had a warrant of arrest for defrauding several people through forex trading and bitcoin scams.
MOVING TO THE MIDDLE EAST
Earlier this year, the father of the forex trader died and was buried in his hometown of KwaZulu Natal. According to a friend, Sandile left everything in South Africa including his wife and kids. “The money he made on the scams, he invested it in offshore accounts and preparing for the day he decides to leave. But we all thought he would at least take his wife and kids,” a former friend tells ZiMoja. “Ubafo ushiye (He left) his wife and kids and just ran away from to go live in the middle east. But the question is, until when? He can’t run forever because his kids need him.”
CHARGES
Last year, The Wynberg Magistrates Court withdrew a case of fraud against the self-proclaimed millionaire after he paid back R200 000, which he allegedly defrauded an investor Angela Mabena. This came after businessman Alan Ledwaba dropped charges after he received his money back from Sandile. He portrayed an expensive lifestyle with cars and watches on social media, calling himself the youngest self-made millionaire from forex trading. Sandile became well-known over six years ago, as a self-made youngest crypto and forex millionaire. He is the owner of the Global Forex Institute company which is accused by victims of fraud. Sandile is not the only one who has been accused of scamming people through forex and crypto, DJ Zinhle’s ex Brendon Naidoo, Themba ‘Grootman’ Selahle, Jabulani ‘Cashflow’ Ngcobo are just some names which have been labelled scammers.
SANDILE’S VICTIMS
His victims keep resurfacing. Sandile is dealing with a lengthy legal battle involving victims who opened cases of theft against him. The self-proclaimed multimillionaire has been named by Limpopo man for scamming him R1 million and has since opened a case against him. Sandile currently owes half a million rand and R200 000 payments to two victims, who invested in his crypto forex trading company.
A WARRANT IS OUT
Police have allegedly issued a warrant for his arrest on 8 December. This follows after various cases of fraud were opened against him, which amount to more than R750 000. Since the cases have been opened, Sandile has been unreachable and laying low. Police spokesperson Mavela Masondo confirms that a case has been opened and a warrant issued. “A warrant of arrest has been issued by the Sandton Police Station. A team is helping with the search and investigation.” Sandile could not be reached on his old number, which has been off for some time.
