Read more: Grootman Allegedly Swindles His Investor's Rent Money
Grootman lands himself in even more hot water as he gets blasted on social media over his alleged Forex trading ponzi schemes. According to Journalist Quinton Mtyala, the Financial Sector Conduct Authority (FCSA) has gravely warned the public to steer away from doing any Forex trading business with Grootman.
Taking to social media, Quinton Mtyala has shared certain details from the FCSA, claiming 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 Quinton Mtyala
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
"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" wrote Quinton Mtyala
According to FSCA, Selahle allegedly offers to trade in forex on behalf of members of the public. He
— Quinton Mtyala (@mtyala) July 19, 2022
promises high and unreasonable returns to clients and is alleged to ignore them when they attempt to withdraw their funds or their profits.
Upon when it is time for refunds, allegedly Grootman was nowhere to be found. It is also alleged that he was then ignoring and blue ticking the said client until they took to social media to share the unfortunate business deal that went sour.
"This is my first time... I'm not working, I'm trying to get money... that was my next month rent, risk take. It everything guess (goes) well I will come back I promise" wrote Investor
Grootman swindles another unsuspecting user of their last coin. pic.twitter.com/DGob4wQfZO
— Musa Khawula (@MusaKhawula) May 22, 2022
"His portfolio will be flooded by more unsuspecting clients, in the name of black excellence and black economy. I remember when MMM was collapsing, and a so called "smart politician" encouraged people to invest with the scheme" wrote Mzantsi
His portfolio will be flooded by more unsuspecting clients, in the name of black excellence and black economy. I remember when MMM was collapsing, and a so called "smart politician" encouraged people to invest with the scheme.
— Mzantsi (@m_mzet) July 19, 2022
🤣🤣🤣There’s someone investing with him as in now, some will even go and invest with him even after seeing this, this guy must be using muti or something because we’ve been getting warnings about him but time and again you’ll hear people saying they got scammed by him
— MMA GOPANE❤️ (@LebogangMolema3) July 19, 2022
Image credit: Instagram