LIMPOPO-(MaraviPost)-Former Thobela FM presenter Sebasa Mogale and his wife Dorah made a brief appearance in the Polokwane Magistrate’s Court in Limpopo on Friday.
The couple is facing cases of fraud linked to a Bitcoin scam which Sebasa used to lure people into using the Thobela FM platform.
In 2020, he advertised the scam called “Mining City” on the radio, promising unsuspecting listeners high rewards if the invested.
Police spokesperson Malesela Ledwaba says people invested their money as it was advertised by a well-known radio presenter.
He says the victims deposited money into account belonging to the Altcoin trader, buying so-called mining packages varying from R6500 to R253 000.
“Apparently, the problem started when the victims tried to withdraw their money. That’s when they realized that the details given to them were blocked.
“When victims questioned Sebasa Mogale telephonically about their investment, he told them that the Mining City Scam had collapsed due to the inflation rate. It meant that said investors have lost their money into the scam.
“Victims went back to the office unfortunately they found that the office was closed and his phone was on voice mail.”
Ledwaba says 10 case dockets were registered against the suspects at Polokwane and Mokopane SAPS and more cases are expected to be opened.
The two suspects, were both released on R10 000 each, and are expected be back in court on 20 May.
Source: jacarandafm.com