Sandile Shezi is a trailblazing entrepreneur, founder, and CEO of Global Forex Institute and the founder of Rivoltare Pty Ltd, a wealth creation company in Durban. He is among the youngest millionaires in Mzansi and runs a thriving business empire.
However, Sandile Shezi has also made headlines for the wrong reasons besides being a successful young and dynamic businessman. He has been nabbed several times on the wrong side of the law and has his ways of escaping jail. Here is an analysis of how Sandile Shezi escaped arrest after scamming his customers.
Scamming Investors and getting away with his crime
Controversial Bitcoin and Forex trader Sandile Shezi topped the trends in October 2021 after he was reported to be in police custody for scamming Investors of over R1 Million. Confirmed reports have it that Shezi found out that the police summoned him through social media, and he was never served with any legal proceedings.
However, as a man of integrity, Sandile Shezi handed himself to the police and was summoned to appear in court. As influential as Sandile is, it’s not clear if he attended the court, but rumours have it that he allegedly paid back the money in exchange for the investors to drop the criminal case against him.
Fraud case against Angela Mabena and Alan Ledwaba
We can never talk about controversial business people in Mzansi without implementing Sandile Shezi into the equation. The 29-year-old forex Guru has been in court for fraud many times, and he always has a unique way of clearing his name.
Sandile Shezi made all sorts of headlines when Angela Mabena and Alan Ledwaba accused him of frauding them. Angela Mabena allegedly paid him R200 000 in the hopes of investing in the businessperson’s crypto trading company for great returns.
Talking to news reporters, Angela Mabena said:
We were told that we were investing in his company and that as soon as the company started making a profit, we would get dividends.
After investing in the company, Shezi could not pay back Angela’s money with profits; instead, he kept giving them false promises that he was going to settle their money, but he never did. As a result, Angela reported Shezi to the law as a fraud and their dispute was settled in court.
Sandile Shezi is said to have paid Angela her money, and she will drop her changes in the exchange.
On the other hand, Alan Ledwaba sued Sandile Shezi for fraud the same year. Shezi allegedly defrauded Alan Ledwaba of R500 000 in cash he invested in his Forex trading company.
Ledwada deposited half a million rand into Shezi’s forex business, hoping he would make profits, but the unexpected happened. Shezi could not pay him back, and Alan had to involve the police in their issues; like other victims, he was paid back his money.
Sandlie Shezi slapped with another R1 million case
Not long ago, Sandlie was making headlines after he was involved in another legal battle, as his third alleged victim opened a theft case against him. A retired Limpopo principal reported that he was scammed of R1 million in 2018 by Shezi.
Their legal battle is still on, and rumours have it that Sandile may end up in jail as a considerable amount is involved.