Grootman Forex trader

Forex trader surprises mom with new car
Photo source: Twitter screengrab

WATCH: Forex guy gifts mom R600k Audi – but is he a scammer?

Forex trader Themba Selahle aka Grootman isn’t shy about posting his lavish lifestyle on Instagram, but some claim he’s nothing but a scammer

Grootman Forex trader

Forex trader surprises mom with new car
Photo source: Twitter screengrab

Forex trader Themba Selahle, also known as Grootman, is once again the talk of Twitter after recently splashing out on a brand new set of wheels for his mother – and it’s all caught on video.

The clip, taken from his Instagram page, shows him and his visibly ecstatic mother at a deadlership. She can barely contain her excitement as car salemen (presumably) unveil a R600 000 Audi, courtesy of Grootman.

He isn’t exactly shy about his lavish lifestyle as his Instagram page is littered with pics of him sporting designer clothing, driving luxury vehicles expensive getaways with his fiance.

WATCH: ‘GROOTMAN’ ACCUSED OF BEING A SCAMMER

A grateful son who has finally made it into the big leagues, shows his appreciation to his mother by forking hundreds of thousands of rands on a new German car? That is no doubt the ultimate tear-jerker, but most of the reactions to Grootman’s video weren’t so savoury. Several people on Twitter claim Themba Selahle is nothing but a scammer.

Here is what some Tweeps had to say:

@Metjahleague – “half the people living large on ig are scammers or public funds embezzlers and we’re just spectators”

@sirboring_26 – “One thing about Grootman he loves hard and scams even harder ! This will be the car he uses to bounce between provinces as he runs from those he owes ! They can’t attach an item if it’s not in his name”

@Yammie_mzizi – “All those who say they have been scammed by this guy, why don’t they press charges? I’m sure he’d be in prison now….noma vele they don’t care about their money?”

For now, these are merely allegations that haven’t been substantiated – but Selahle wouldn’t exactly be the first forex trader to be accused of duping people. Sandile Shezi, who has proclaimed himself “South Africa’s youngest millionaire” is currently the subject of a fraud investigation by Gauteng police. Shezi is accused of defrauding his business partner out of R500 000.

The Financial Service Conduct Authority (FSCA) has warned consumers not to fall victim to bad Forex brokers and scammers purpoting to be Forex traders, particularly because it is hard to tell which ones are the real deal.

“Members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide. There are instances where persons are registered to provide basic advisory services for a low risk product and then offer services of a far more complex and risky nature,” the FSCA said.