Johannesburg magistrate's court hears first case of SA fraudster

News • 2021/10/26 • by Remitano

Key Takeaways

  • Shezi's case, in which he is accused of defrauding other South Aricans, has made its first court appearance.
  • Shezi is the founder of Global Forex Institute, which he has since closed down.
  • The next hearing date is November 24.

Shadile Shezi, the untrusting Bitcoin dealer and owner of Global Forex Institute, made his first appearance in a South African court days after submitting to police. The Bitcoin dealer was reportedly charged after duping Mr Allan Ledwaba and an anonymous guy.

While the alleged fraudster, Shezi, is presently free on bond, the next court appearance is scheduled for November 24. It's unclear what happened between Sheenzi and the complainant, but the latter issued a statement:

Because the case has just gone to court, now is not the time for me to put out my complete tale and how I suffered at the hands of a guy I trusted.

Shezi, on the other side, insists he was never defrauded by Mr. Ledwaba. However, during the trial and arrest, Shezi shut down his business. This makes one question whether he's hiding something.

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