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Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action

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Following accusations that he defrauded investors in his bitcoin investment scheme, South African radio personality Sebasa Mogale said he would sue those who reported him to the police. His lawyer insisted that no evidence would be found, as Mogale had never committed fraud.

Five fraud cases filed against Mogale

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Sebasa Mogale, a Thobela FM host accused of defrauding investors with his bitcoin investment scheme, has threatened to sue those who file law enforcement fraud lawsuits against him. According to the legal representative of the radio host Lesedi Mfakhlele, Mogale “did not receive any money from anyone.”

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The threats from Mogale, who also plays a role on the South African TV show Skeem Saam, follow reports citing a regional police official as confirming that his organization has indeed received complaints from individuals claiming they were victims of the host’s fraud.

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According to one report, Five fraud cases have been filed against Mogale and investigations are ongoing. Upon completion of the investigation, the police will refer the cases to a senior prosecutor, who will then determine the next steps, the report said.

No evidence to support the allegations

Addressing his client’s claims, Mfahlele said the allegations were baseless and damaging Mogale’s reputation. He added:

I think it’s a matter of people not understanding how a business works.[s]. This is Bitcoin. Everything Sebasa did was marketing. We encourage everyone to present proof of payment showing that the money is being deposited into their personal or business account.

Although he admitted that fraud cases had been opened against his client, Mfahlele insisted that no evidence would be found because Mogale had never committed fraud.

Meanwhile, in a statement, Mogale admits he is in network marketing but denies forcing people to sign up. The radio host also stated that he never claimed to be a cryptocurrency expert or the owner of a cryptocurrency business.

While some of his alleged victims claim to have suffered nearly $50,000 in losses, the radio host insists that those who sign up for his bitcoin investing scheme have full access to their respective accounts.

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Credit : news.bitcoin.com

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