Sandile Shezi, the young South African bitcoin trader who is facing fraud charges, has denied allegations he scammed shareholders in his Global Forex Institute. Shezi: Shareholders Signed Up for Education, Not Investments Despite his rejection of the allegations, a spokesperson for the country\u2019s police told the Sunday Times newspaper that Shezi has agreed to turn himself in. As reported by Bitcoin.com News, a warrant for Shezi\u2019s arrest had been issued after two aggrieved investors reported the bitcoin trader to the South African police. Now, as he contemplates turning himself in, Shezi \u2014 who is referred to as South Africa\u2019s youngest millionaire \u2014 has also launched a spirited defense of his actions. He further beat back suggestions that the Global Forex Institute is a financial services provider. According to a report by the Sunday Times, Shezi said: These shareholders signed up, not for investments, but our education programme. Our training includes technical analysis, fundamentals and a bit of this and that. You go through us to run your own small personal portfolio, not trade for HSBC. Shezi Exploring Possibility of Buying Out Aggrieved Shareholders The 29-year-old bitcoin trader added that he finds it strange that some shareholders are making these allegations when in fact they were part and parcel of the business. Nevertheless, Shezi said he is now exploring the possibility of buying out the shareholders. In the meantime, Shezi\u2019s lawyers have vowed in a statement released via Instagram on October 15, that they will launch legal proceedings against those accusing Shezi of defrauding them. What are your thoughts about this story? Tell us what you think in the comments section below.