Following accusations that he defrauded investors in a bitcoin investment scheme, South African radio host Sebasa Mogale said he will take legal action against the individual who reported him to police. His lawyer claims that no evidence was found because Mogale has never committed fraud.
Five Fraud Cases Filed Against Mogale
Thorbela FM presenter Sebasa Mogale, accused of bilking investors out of money in a bitcoin investment scheme, has filed a law enforcement complaint against individuals making fraud allegations against him. He has threatened legal action. According to the radio presenter’s legal representative, Lesedi Mphahlele, Mogale “has received no money from anyone.”
The threats by Mogale, who also appears on the South African television program “Skeem Saam,” came in response to reports that a local police spokesperson confirmed that they had received actual complaints from individuals who claimed to be victims of the host’s fraud.
22} According to one report, five fraud cases have been filed against Mogale and an investigation is currently underway. Once the investigation is completed, the police will turn the case over to a senior prosecutor, who will then decide what to do next.
There is no evidence to support the allegations
Addressing the allegations against his client, Mphahlele said the allegations were unfounded and that they were damaging Mogale’s reputation. He added,
I think it[s] a matter of people not understanding how the business works. This is Bitcoin; all Sebasa was doing was marketing. We challenge everyone to show proof of payment showing money going to his personal or business account.
He admitted that a fraud case was opened against his client, but Mphahlele insisted that no evidence could be found because Mogale never committed fraud.
Meanwhile, Mogale, in a statement, admitted that he is a network marketer, but denied that he coerced people to sign up. The radio presenter also stated that he never claimed to be a cryptocurrency expert or to own a cryptocurrency business.
Although some of his alleged victims have claimed to have suffered total losses of nearly $50,000, the radio presenter insists that those who signed up for his bitcoin investment scheme have full access to their respective accounts.
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