Claimed South African Bitcoin Fraudster Makes First Court Appearance Since Arrest

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the South African bitcoin trader, Sandile Shezi is been accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate.

The bitcoin trader’s court appearance came only days after he respected his promise to give up himself to the police. Notwithstanding, according to report by the Sowetan, Shezi, who is presently temporarily free from jail, is set to get back to court on November 24.

As recently announced by News, Shezi is confronting fraud allegations that stem from his failure to honor promises he made to Allan Ledwaba, an investor in the latter’s Global Forex Institute. Despite the fact that Shezi has more than once denied the charges, Ledwaba and an anonymous financial backer actually proceeded to document objections against the bitcoin trader. The filing of these complaints then culminated in the issuing of the warrant for the bitcoin trader’s arrest.

The report in the meantime quotes Ledwaba commenting on Shezi’s arrest and his subsequent court appearance. He said “Today is not the right time for me to lay bare my entire story and how I suffered at the hands of a man trusted as the matter has just gone to court.”

Meanwhile, the Sowetan newspaper reports that by the time Shezi handed himself over to the police he had already resigned from his company. Still, the report does not say why Shezi chose to resign before handing himself over.

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