Forex trader, Themba Selahle popularly known as Grootman is trending again over his Forex business and the alleged swindling of his clients’ and investors money.
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Grootman therefore lands himself in hot water as he gets blasted on social media over his alleged Forex trading ponzi schemes.
The Financial Sector Conduct Authority (FCSA) has gravely warned the public to steer away. Particularly from doing any Forex trading business with Grootman according to journalist Quinton Mtyala.
This is some serious business! And funny enough Forex traders are the in-thing, and one can not tell from who is real and who is not. It is a tricky one if you ask us.
Taking to social media, Quinton has shared certain details from the FCSA. Declaring that members of the society should refrain from doing any business with Grootman.
“The Financial Sector Conduct Authority (FSCA) has warned the public to be cautious when doing any financial services business with Themba Selahle aka also known on social media as @xo_grootman” wrote the journalist.
JUST IN: The Financial Sector Conduct Authority (FSCA) has warned the public to be cautious when doing any financial services business with Themba Selahle aka also known on social media as @xo_grootman pic.twitter.com/uW7QyGVErH
— Quinton Mtyala (@mtyala) July 19, 2022
Mtyala goes on to say the Financial Sector Conduct Authority is aware of how Grootman conducts his Forex trading business. Where he promises unreasonable returns to some of his clients and investors. But never keeps his end the bargain when it is time for refunds.
“According to FSCA, Selahle allegedly offers to trade in forex on behalf of members of the public. He promises high and unreasonable returns to clients and is alleged to ignore them when they attempt to withdraw their funds or their profits” penned Mtyala.
According to FSCA, Selahle allegedly offers to trade in forex on behalf of members of the public. He
promises high and unreasonable returns to clients and is alleged to ignore them when they attempt to withdraw their funds or their profits.— Quinton Mtyala (@mtyala) July 19, 2022
Not so long ago another oblivious client, recently took to Twitter. To share a business deal that did not work between them and Grootman.
In the messages, the unsuspicious client alleged that they invested their last rent money with Grootman. Hoping for greater returns as they were promised.
Unfortunately when it is time for refunds, Grootman was reportedly nowhere to be found. It is also alleged that he was then ignoring and blue ticking the said client.
This is until they took to social media to share the wretched business deal that went sour.
Some tweeps have suggested that some of Grootman unsuspecting clients are not even on Twitter. Hence they are unaware of these warning messages that keep circulating on the platform.
Others have suggested that more unwary customers will flood Grootman’s DM’s because of such publicity. Be careful ya’ll!