[imagesource: Instagram / @sandileinnocentshezi]

When a businessman posts Instagram photos almost exclusively of himself looking at his phone among various larney-looking backgrounds, you should generally run for the hills before doing business with him.

One such South African businessman, who has proclaimed himself the country’s ‘youngest self-made millionaire‘, is Sandile Shezi.

Almost as soon as he started gaining traction as one of the SA’s savviest businessmen, people began to pick holes in his story and in his company, Global Forex Institute (GFI).

While he showed off his high-flying life on the ‘Gram, people started coming forward with stories of being swindled and he was subsequently arrested and charged with fraud in October 2021.

The last thing Shezi has posted on Instagram since that arrest is a letter from his lawyers in an attempt to save face:

 

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City Press is still making moves on Shezi, though, with a new report saying that the high-flyer is now pleading poverty:

This week, the troubled businessperson claimed to be a pauper and asked the Sandton police officers who are investing a case of fraud against him to plead for mercy from his alleged victim so they will accept R10 000 weekly payments to service his debt.

The fast-car driver says he does not have the R1,2 million owed to a retired principal who invested in his company and has offered to pay him R10 000 a week instead, a deal that the principal has called “laughable”.

 

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Shezi mentioned how he was struggling financially in an email confirming that he’d made the first payment:

“I have attached proof of payment to this email. I acknowledge that it’s not much, however, I will be making another payment to you shortly. Due to my financial circumstances at this moment, it’s virtually impossible to make a huge lump sum payment.”

“However, I will make it a point that I make payments to you every single week. I believe the following payments will be slightly more. Thank you for understanding.”

Sandton police are having a field day with all the cases of fraud opened against Shezi, one of which is by the above Limpopo-based principal.

He says he was defrauded of R1,2 million from his pension payout after being lured in to invest in Shezi’s company.

They had made the deal at a business seminar at Meropa Casino in Limpopo.

 

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The elder educator is tired of being treated like a joke:

“How on earth do you justify paying R10 000 a week towards a R1.2 million debt which you owe? How long is it even going to take him to finish paying me at this rate? Ten years?” the principal fumed.

Shezi apparently made payments to two other victims, Alan Ledwaba and Angela Mabena, to whom he owed R700 000, in exchange for the dropping of their respective cases against him.

The cases of fraud was withdrawn against him in the Wynberg Magistrates’ Court last month.

The principal hopes that law enforcement will come down hard on Shezi for this one.

Yeah, please don’t let this guy return to the feed with more shots of him looking fake busy doing fake business.

[source:citypress]