Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam

South Africa’s nationalist broadcaster has suspended 1 of its employees that is accused of convincing unsuspecting people, including pensioners, to put successful a cryptocurrency scam. More than 100 radical are believed to person fallen unfortunate to promises of precise precocious returns to investors successful the bitcoin concern scheme.

300% Return connected Investment

The South African authorities broadcaster precocious suspended 1 of its vigor presenters, Sebasa Mogale, aft a media exposé suggested helium whitethorn person been portion of a cryptocurrency scam outfit that reportedly promised a 300% instrumentality connected investment.

The determination to suspend the fashionable broadcaster, who besides plays a relation successful South Africa’s fashionable tv bid Skeem Saam, was made aft an investigative study by the media outlet Carte Blanche identified him arsenic 1 of the masterminds down the scam that allegedly fleeced much than 100 people.

Reports of Mogale’s suspension were confirmed by Gugu Ntuli, the South African Broadcasting Corporation (SABC) radical enforcement liable for firm affairs and marketing. In a statement, the enforcement said:

Thobela FM has taken a determination to unschedule Sebasa Mogale, (Ntshirogele) Afternoon Drive presenter, pursuing the Carte Blanche exposé. Mr Mogale is being afforded an accidental to resoluteness the issues raised successful the caller broadcast which pertain to his idiosyncratic concern dealings involving cryptocurrency.

Ntuli added that the SABC volition “leave nary chromatic unturned” successful its ain probe into Mogale’s relation successful the scam.

A Confidence Trickster

According to an exposé by Carte Blanche, Mogale had utilized his personage presumption to lure immoderate listeners of his vigor amusement to invest. The media outlet’s study said investors with nary grooming successful idiosyncratic concern absorption had “cashed successful their pensions and savings policies.” However, successful the end, Mogale’s promises turned retired to beryllium empty.

“But for astatine slightest 140 radical the antheral they trusted to usher them done the crypto maze appears to person been small much than a assurance trickster,” reads portion of Carte Blanche’s summary of the exposé.

Following quality of Mogale’s suspension, immoderate of the victims of the scam person travel guardant to uncover their losses. Sello Bonoko is quoted successful different study explaining helium became a unfortunate aft helium listened to Mogale’s bitcoin concern transportation that “sounded convincing.” He besides said helium trusted Mogale’s promises chiefly due to the fact that these were made connected nationalist radio. Bonoko said helium mislaid much than $14,500 (R230,000).

Meanwhile, a spokesperson for the South African constabulary is quoted successful the study telling Mogale’s victims to record reports with instrumentality enforcement. He said the constabulary tin lone enactment aft formally receiving the complaints.

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