South Africa's "youngest self-made millionaire" has been accused of plagiarising his training company's course material and falsely claiming to have made R30 million in profit.After 23-year-old Sandile Shezi shared his success story in the media, several industry players contacted News24 raising suspicion over the operations of his company Global Forex Institute (GFI).
GFI provides training in currency trading with delegates sometimes shown an account reflecting a R30 million profit and told they would be taught how to do the same.
Questions have been raised about the account's legitimacy and whether it actually belongs to GFI, as claimed on its Facebook page, where a post says: "Now is YOUR time for $$$$. This Saturday 18 July we will host a FREE Forex (foreign exchange) Class at Protea Hotel Umhlanga. You will get to meet the nr1 ranked trader in Africa and we will show you how we made R30 million then you copy our strategy!"
However, Shezi says he has never said the R30 million belonged to his company.
"I have never claimed to have a R30 million account and have never tried to claim someone else’s account was my own," he said.
Shezi said whenever they showed accounts in seminars, the account holder’s name was shown with the account on screen and credit given verbally to the account owner.
After attending a free GFI class, delegates were offered an advanced course, believed to cost around R4 000. Everything apparently gets paid for in cash, a source familiar with their operations told News24.
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