Fake Forex Millionaires – Jabulani ‘Mr Cashflow’ Ngcobo

Ngcobo, 33, who has been claiming to be a self-made millionaire as chief executive of Cashflow Pro, last year published a book "Cashflow Naked" sharing his life story and how he made it in forex.

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Jabulani Ngcobo, Forex, Millionaire, Mr Cashflow, South Africa, Business, Fake, Scam

Many of these fake forex traders like Jabulani  ‘Mr Cashflow’ Ngcobo, and others  believed in the old saying ‘Fake it till you make it’ described themselves  as a university dropout who supposedly used their student loan to start trading financial products online, its nothing but an image of self-made wealth and ridiculous luxury, broadcasting on social media expensive cars, clothes, luxury apartment and how much money they making, showing viewers how easy it is to make money online, selling dreams to poor and investors.

Jabulani Ngcobo, Forex, Millionaire, Mr Cashflow, South Africa, Business, Fake, Scam

The Financial Sector Conduct Authority (FSCA) welcomed the sentencing of popular Durban foreign exchange (forex) scammer Jabulani ‘Mr Cashflow’ Ngcobo, and his partner in crime Mzabalazo Welcome Dlamini, on several counts of fraud.

Ngcobo and Dlamini are known for living a champagne lifestyle, throwing lavish parties and showing off their wealth on Instagram, even though some people were accusing them of being forex scammers and running away with people’s monies.

Jabulani Ngcobo, Forex, Millionaire, Mr Cashflow, South Africa, Business, Fake, Scam

Article credit: Michael Skho

 

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