brendon naidoo

DJ Zinhle’s Boyfriend Brendon Naidoo Arrested

Gauteng police have arrested popular female DJ Zinhle’s boyfriend Brendon Naidoo, the Sunday World newspaper reported.

brendon naidoo

Multiple cases of fraud have been opened against Naidoo by people claiming that he conned them of out of millions of rands in a bogus foreign exchange trading scheme.

One of the complainants told police that he paid Naidoo an amount of R900, 000 after being approached claiming that he was representing a reputable financial firm.

He said he would not name the firm as he went to the firm and they denied knowing Naidoo. Another scammed investor invested about R2.5-million last year but never received any returns from Naidoo.

One of the banks which did not want to be named and is based in Sandton, said after being approached by a number of clients claiming that they gave Naidoo their money, it had terminated his account.

READ: Here’s How Brendon Naidoo Spent His Money click here

“There were two clients that came to us saying that they had given Naidoo R1-million to trade on their behalf. Mr Naidoo knows the rules that we do not allow anyone to trade on behalf of clients,” one of the company representatives said.

Two sisters, who did not want to be named due to the “embarrassment they had caused their parents”, also opened two cases of fraud against Naidoo.

“Brendon convinced us that from investing our R1-million, we will make R500000 in profit. We took our parents’ pension money and gave it to him, only to find out that he was a scamster,” said one.

Rustenburg businessman Thapelo Tshepe said he transferred about R3-million into Naidoo’s account in 2014.

“Naidoo approached me back in 2014 and told me we could make money with forex trading. He convinced me with bank statements and showed me how much profit he made from forex trading.

“Brendon sent me a picture of himself posing next to an Audi R8, claiming he had just bought it cash with the proceeds from forex trading. I was convinced and sent him another R1 million,” he said.

Naidoo allegedly used his company Oracle Wealth Management, which he runs from the luxurious Michelangelo hotel in Sandton. Tshepe said he recruited retired teachers for Naidoo.

“I wanted them to invest their money wisely and Naidoo used to send me bank statements and proof of payments from his bank, and trading account showing the profit he made,” he said.

Tshepe said when he wanted to withdraw his profits at a later stage, Naidoo could not give him the money. Tshepe said he got suspicious and then took the bank statements that he used to receive from Naidoo to the banks and he was told they were fake.

Tshepe’s business partner Tebogo Twala added: “This guy really scammed people. He scammed my friend and poor pensioners of their savings of many years . Now all the teachers we brought into this business have lost their money.” Hlaele Ntsane from Harrismith in the Free State expressed regret for “trusting Brendon with my money”.

“He convinced me to give him all my pensions promising me profits. I received R280000 but my R1-million investment has vanished.

“I’m depressed. My 35 years of savings are gone and he now refers us to his lawyers.”

Constable David Mothapo of Sandton police confirmed “a case of fraud has been opened against Mr Brendon Naidoo”.

Source Inputs: Sunday World, SowetanLIVE

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