The man from Tsakane township who chose to remain anonymous said when he first heard of the investment opportunity, he was sceptical but was won over by videos of hard cash circulated on social media.
The scheme was managed by Sphelele ‘Sgumza’ Mbatha, now said to be on the run from locals for fear of mob justice.
“I was convinced when a friend who invested R80 000, in three weeks collected R160 000,” he said.
“I was impressed and invested R1 000. Upon receiving R2 000 within weeks I decided to invest a large sum.”
On July 1 he took a bag full of cash to the Bitcoin Wallet offices, where scores who travelled from afar had camped out overnight. He was promised a 100% return, which he would collect on July 19. However, pandemonium broke out when Sgumza could not be found anywhere....
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