Former SABC radio presenter arrested for Bitcoin scam
Former Thobela FM presenter Sebasa Mogale and his wife Dorah briefly appeared in the Polokwane Magistrate's Court on Friday.
The couple is facing cases of fraud linked to a Bitcoin scam, which Sebasa allegedly used to lure people using the Thobela FM platform.
Limpopo police said investigations revealed that he advertised a scam called "Mining City" on the radio in 2020, promising unsuspecting listeners high rewards if they invested.
Provincial police spokesperson Malesela Ledwaba said people were willing to invest their money, as a well-known radio presenter advertised it.
The victims deposited money into an account belonging to the Altcoin trader, buying so-called mining packages varying from R6,500 to R253,000.
"Apparently, the problem started when the victims tried to withdraw their money. That's when they realised 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 had lost their money in the scam.
"Victims went back to the office; unfortunately, they found that the office was closed and his phone was on voice mail."
Ten case dockets have been 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 to be back in court on 20 May.
ALSO READ Court dismisses Bester, Magudumana application against Showmax
