Louis Tshakoane Biography, Age, Wife, Son, Net Worth, House, Cars, Kaizer Chiefs, Fraud & Arrest

Biography

Louis Jacob Tshakoane is a former Kaizer Chiefs public relations officer who made the news in 2019 with his wife for eluding arrest after being accused of their alleged involvement in an illegal multimillion-rand investment scheme called Undercover Billionaires. Louis Tshakoane and his wife Susan were reported to be on the run from the police after the Ponzi scheme was discovered. Tshakoane and his family are facing allegations of fraud, theft, money laundering, and infringement of the Financial Advisory and Intermediary Services Act.

Age

Louis Tshakoane’s full date of birth is unknown. However, in 2019, the media reported that he was 70 years old. This means he would be 74 in 2023.

Wife

Louis Tshakoane is married to Susan Nkopane Tshakoane. According to the media, Susan is a 59-year-old woman. With her husband, she also faces allegations of fraud, theft, money laundering, and infringement of the Financial Advisory and Intermediary Services Act.

She is believed to be involved in an investment scheme that lured unsuspecting investors with the promise of doubling their returns, only for them to be defrauded by the couple. She is accused of benefiting from the proceeds of the deceptive scheme (focused on forex and cryptocurrency pyramid schemes). An arrest warrant was issued for the couple and their son in 2019, prompting them to be on the run from the police.

Son

Tshakoane’s son is Louis Jr. Tshakoane is one of the Vuzu Rich Kids of South Africa. He is prominent for his involvement with the show. He is also known to have started his Botho Gym as a teenager.

He reportedly wrote an impressive proposal to American billionaire Richard Branson about starting a gym in his locality to inspire young people to avoid crime and substance abuse. Moved by the proposal, Branson sent him $200000 worth of gym equipment to start the gym. Tshakoane Jr. is also famous for being a successful Forex trader.

He became infamous for his involvement in an alleged Ponzi scheme with his parents in 2019. The media reported that they allegedly carried out an investment scam known as Underground Millionaires. The same was aimed at defrauding investors out of approximately R100 million. After an arrest warrant was issued for them, Louis Jr. and his parents ran to elude the police.

Net Worth

The exact estimate of Louis Tshakoane’s net worth is unknown to the public. He reportedly worked as a public relations officer for the Kaizer Chiefs. He also allegedly defrauded investors of R100 million.

House

With his family, Louis Tshakoane owns a home in Kempton Park, where his son is reported to have been apprehended by the Police. A neighbour told SowetanLive, “I don’t know them [Tshakoanes] very well, and I’ve been staying here for the past two years and always see a bulky gentleman taking out the rubbish bin.”

Cars

The Tshakoanes are believed to be owners of fancy cars. Their neighbour told SowetanLive, “Are they rich because I always see them driving fancy cars? He didn’t act like someone who was in hiding because I’d see him driving out of his house to pick up his grandchildren from school.”

Kaizer Chiefs

Louis Tshakoane worked as a Public Relations Officer for the Kaizer Chiefs. He went on the run after being accused of fraud.

Fraud

Allegations against the Tshakoanes started when Andile Mayisela, a victim, accused Tshakoane Jr. of luring him into investing R300,000 in the scheme. He was reportedly promised a 25% return which did not happen. Other numerous victims of the scheme stepped up with similar stories. It was reported that they had defrauded investors of approximately R100 million.

Arrest

After being on the run since 2019, Tshakoane was arrested on May 16 after giving a speech at the funeral of long-serving Mamelodi Sundowns communications officer Alex “Goldfingers” Shakoane. He has since appeared in the Palm Ridge Specialised Commercial Crimes Court alongside his wife and son for allegations of fraud.