After being accused of defrauding investors in his bitcoin investment scheme, South African radio presenter Sebasa Mogale said he will take legal action against individuals who report him to the police. His lawyers insist no evidence will be found because Mogale has never committed fraud.
Five fraud cases opened against Mogale
Thobela FM host Sebasa Mogale, accused of defrauding investors through a bitcoin investment scheme, has threatened legal action against individuals who make fraudulent claims to law enforcement. According to Lesedi Mphahlele, the radio presenter’s legal representative, Mogalle “has not received any money from anyone”.
The threats from Mogale, who played a character on the South African TV show “Skeem Saam”, came after reports quoted a regional police spokesman as saying that his organisation had indeed received complaints from individuals claiming to be victims of the host’s scam.
According to a report, five fraud cases against Mogale have been opened and investigations are ongoing. Once the investigation is complete, police will hand over the case to a senior prosecutor who will then decide on the next course of action, the report said.
There is no evidence to support the allegations
Referring to the claims against his clients, Mphahlele said the allegations were baseless and damaged Mogale’s reputation. He added:
I think it’s a matter of people not understanding how businesses work[s]. This is Bitcoin. All Sebasa does is marketing. We require everyone to show proof of payment that the funds went into his personal or business account.
Although he admits that fraud cases have been brought against his clients, Mphahlele insists no evidence will be found because Mogale has never committed fraud.
Meanwhile, in his statement, Mogale admitted he was an internet marketer but denied forcing people to sign up. The radio host also stated that he never claimed to be a cryptocurrency expert or owner of a cryptocurrency business.
While some of his alleged victims claimed to have suffered combined losses of nearly $50,000, the radio host insisted that those who signed up for his bitcoin investment plan had full access to their respective accounts.
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