By Chadd
The last installation of the top 4 most controversial forex traders in South Africa is Louis Jnr Tshakoane, the most followed forex trader in the country, many know of or at least heard of this man, as most of us know at age of 15 Loius Jnr wrote a letter to Sir Richard Branson and managed to secure sponsorship from the business mogul in the form of gym equipment and a cash donation, totaling around 250 000 USD, this was in an effort to help disenfranchised youth, which is significant seeing that Louis Jnr actually came from a wealthy family.
Since then, Louis Jnr has begun to forge his own path and chose forex trading as his way to do so, what stands out about him is the fact that you can easily find videos of him motivating people and marketing the Forex lifestyle, I was not surprised that hes videos are shallow and materialistic but do offer some valuable insights of Forex education, he went on to become the best selling author for his book titled “a millionaire in 365 days by Gods grace”
This is all fine and well but in recent years though, some serious allegations placed Louis Jnr in the spotlight for all the wrong reasons, according to some of he‘s clients he’s lavish lifestyle is actually sponsored by money invested by people and not actually profits from investments, although Undercover Trillionaires was never formally registered with the FSCA, the company still took money from investors with promises of larger than normal returns, the Hawks (special investigations unit) has since brought charges against the company for running a fraudulent pyramid scheme that allegedly scammed investors to the tune of 20 million ZAR, the case was opened between 2016 and 2017 and to date has not been reported as closed, I fact, the last report on the matter revealed that Louis Jnr‘s mother and father were still on the run from authorities and were yet to be found, Louis Jnr and he’s parents allegedly lured potential investors with a stream of fake testimonials, make sift websites and pictures of assumed wealth but as we know an investment in Undercover Trillionaires did not bare the returns that were initially promised, no surprise there….
Most recently Louis Jnr has now begun to rely on giving away used Louis Vuitton belts and used sparkling shoes, this leaves only two questions… is Louis Jnr Tshakoane way up？ Or washed out？
Please do your due diligence and proceed with extreme caution when dealing with Undercover Trillionaires /UTI.
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