Grootman Finds Himself In Even More Hot Water

Public has been warned against his alleged fraudster ways

By  | Jul 19, 2022, 05:20 PM  | Top of the

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Forex trader Themba Selahle famously known as Grootman finds himself making headlines yet again over his Forex business and the alleged swindling of his clients and investors.

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
Quinton Mtyala goes to say the Financial Sector Conduct Authority is aware of how Grootman conduct his Forex trading business. Where he promises unreasonable returns to some of his clients and investors but never keep to the end of his 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" wrote Quinton Mtyala
Not so long ago another unsuspecting client, recently took to Twitter to share a business deal that went array between them and Grootman. In the messages, the unsuspecting client alleged that they invested their last rent money with Grootman, hoping for bigger returns as they were promised.

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
Some tweeps have suggested that some of Grootman unsuspecting clients are not even on Twitter, hence they won't be these warning messages. Others have suggested that more unsuspecting clients will flood Grootman's DM's because of such publicity.

"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
"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" wrote Lebogang Molema
Read more: Grootman's Outrageous Spending At Night Club

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