Sandile Shezi, a flamboyant entrepreneur, self-proclaimed millionaire, and foreign currency trader, is wanted by police in Johannesburg for allegedly scamming a man of R500,000.
29-year-old from Umlazi, Durban, established a reputation for himself by claiming to be South Africa's youngest FX trader to amass millions of dollars through cryptocurrency trading.
A Lamborghini Gallardo, a Range Rover Velar, a Ferrari California T, a Maserati Grancabrio, a Mercedes-Benz G-Class, and a BMW i8 are among his premium vehicles. Shezi's firm, Global Forex Institute, has offices in the affluent areas of Umhlanga on the KwaZulu-Natal coast and in Sandton, Johannesburg.
Shezi was supposedly a billionaire by the age of 23, but he is reportedly having trouble repaying investors who invested between R200 000 and R1.2 million in his company after being promised big financial returns.
A warrant for his arrest was issued by the SA Police Service in Sandton this week for allegedly defrauding a Johannesburg businessperson of R500 000 in 2018.
"A case of fraud has been opened at the Sandton Police Station," said police spokesman Mavela Masondo. The suspect is being sought by the police."