Louis Tshakoane, 74, his wife Susan, 59, and his son Louis Tshakoane junior, 34, have been charged with fraud, theft, money laundering and contravention of the Financial Advisory and Intermediary Services Act. He was arrested at the funeral of long-serving Mamelodi Sundowns communications officer, Alex "Goldfingers" Shakoane after being on the run. His son, Louis Tshakoane Junior was arrested the same day in Kempton Park. Louis Tshakoane junior was once featured on a Vuzu reality TV show called Rich Kids. The show followed the lives of wealthy young people in South Africa.

In it, he showed his luxury penthouse, designer clothes and car, and his personal chef. Gauteng Hawks spokesperson Colonel Katlego Mogale said the family allegedly benefitted from the proceeds of unregistered investment company, Undercover Billionaires. Mogale added: He (Tshakoane) is reported to have participated in the presentations aimed at enticing potential investors with a promise of high returns. The number of investments tendered is approximately R100 million. He said the son was first arrested in 2019 and was released on R70 000 bail. "The accused then made a series of appearances but later absconded. His arrest was a result of a bench warrant for which he forfeited his bail," Mogale said. The accused are expected to appear in court again on 23 May for a bail application.