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Former SABC radio presenter arrested in bitcoin scam, released on bail

Former Thobela FM presenter Sebasa Mogale and his wife Dorah made a brief appearance in the Polokwane Magistrate’s Court on Friday.

The couple is facing fraud charges related to a Bitcoin scam, with Sebasa allegedly using the Thobela FM platform to lure people.

The Mogale scam

Reported on EastCoast Radio the Limpopo police said the hat investigations uncovered Sebasa advertising a scam named “Mining City” on the radio in 2020, enticing unsuspecting listeners with promises of high rewards upon investment.

Provincial police spokesperson Malesela Ledwaba mentioned that due to the advertisement by a well-known radio presenter, people were inclined to invest their money in the scam.

Ledwaba stated that 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.”

Ledwaba also reported that approximately 10 dockets had been registered against Mogale at Polokwane and Mokopane SAPS, and more cases are expected to be opened.

Mogale and his wife were both released on bail on R10 000 each and expected to appear in court on 20 May.

Mogale scam procedure

According to IOL reports indicated that during the year 2020 while employed at one of the SABC radio stations, Mogale promoted a scam known as “Mining City” over the airwaves.

He detailed how individuals could amass wealth by investing in Mining City packages, assuring investors of rewards commensurate with their investment amounts.

After the meeting, attendees began depositing money into a bank account, receiving instructions to return to the office.

There, they were provided with email addresses and login credentials to access their invested funds and were told that there was a period of six months before they could withdraw.

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