Durban born forex trader Sandile Shezi rose to fame and branded himself as SA’s youngest millionaire when we was just 23 years old.
Over the years and in interviews Sandile said he made all his millions through trading, on the foreign exchanging market.
Last week the story broke that alleged that a case of fraud had been opened at the Sandton police station. He was charged for allegedly defrauding his business partner and shareholder in his business Global Forex Institute out of R500,000.
Gauteng police spokesperson Capt Mavela Masondo said “I can confirm that he has been arrested. He will appear in Randburg magistrate’s court tomorrow on charges of fraud.”
In an interview with the Sunday Times last week Sandile denied any wrongdoing.
