Sebasa Mogale and his wife Dorah Mogale, briefly appeared before Polokwane Magistrate’s court, on Friday, 15 March 2024.
The couple is facing cases of fraud linked to a Bitcoin scam, which Sebasa allegedly advertised and promoted on Thobela FM.
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.
“In that radio advert, he told listeners to visit his office, 103 Landros Mare Street, Polokwane, to attend a session where he and two other people would be presenting a seminar,” said Col Malesela Ledwàba.
“People attended the session and the brochures were distributed to them, which indicated the different packages. The attendees believed in the advertised scam, the reasons being Mogale was a radio presenter.”
The victims deposited money into an account belonging to Altcoin trader, buying mining packages varying from R6,500 to R253,000.
But later investors were unable to access their accounts and withdraw their benefits.
“That’s when they realised that the details given to them were blocked. When victims questioned Mogale telephonically about their investment, he told them that the Mining City scam had collapsed due to the inflation rate.
“It meant that investors have 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.”
Over ten (10) case dockets were registered against the suspects at Polokwane and Mokopane SAPS. More cases are expected to be opened.
Sebasa and wife were each released on a bail of R10 000 and will appear again on 20 May 2024 for further Police investigation.
Mogale has been sacked at Thobela FM, however remains an actor at Skeem Saam.