Former Thobela FM presenter Sebasa Mogale and wife released on bail over Bitcoin fraud scandal


By Agreement Mabunda

POLOKWANE-Two suspects, Sebasa Mogale aged 52 and his wife Dorah Mogale aged 44, briefly appeared before Polokwane Magistrate’s court, on Friday, 15 March 2024, facing cases of fraud emanating from a Bitcoin Scam.

They were each released on a bail of R10 000 and will appear again on 20 May 2024 for further Police investigation.

Reports indicated that during the year 2020, Sebasa Mogale, who was working at one of the SABC radio stations, advertised a scam called “Mining City” on the Radio. Explaining how people become rich by investing money into the Mining City packages, in which the investors will get rewarded based on how much they invested.

In that radio advert, he told listeners to visit his office, number 103 present, Landros Mare Street Polokwane to attend the session where he and two other people will be presenting in the seminar.

People attended the session, and the brochures were distributed to them, which indicated the different packages. The attendees believed in the advertised scam, the reason being he was Mr. Sebasa Mogale, the Radio Presenter. They gave them reference numbers to individually deposit the money into the Standard bank account belonging to the Altcoin trader.

The alleged mining packages varied from R6500 to R253 000.00 with estimated payouts.

Indeed the victims put money in the said Scam, money was deposited and instructed that after they deposited the money they should go back to the office where they created email addresses and logging details for each victim, to have access to their money invested. They told them to wait for six months before they withdrew their benefits so that they could get better benefits.

The problem started when the victims tried to withdraw their money. That’s when they realized 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. The victims went back to the office unfortunately they found that the office was closed and his phone was on voice mail.

Around the year 2022 in May, over ten (10) case dockets were registered against the suspects at Polokwane and Mokopane SAPS. More cases are expected to be opened.

Mogale has been sacked at Thobela FM, however, remains an actor at Skeem Saam.


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