The celeb and the crypto scheme
𝗧𝗵𝗶𝘀 𝘀𝘁𝗼𝗿𝘆 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝗹𝗹𝘆 𝗮𝗶𝗿𝗲𝗱 𝗼𝗻 𝟭𝟱 𝗠𝗮𝘆 𝟮𝟬𝟮𝟮.
A story about the lure of celebrity and the deceptive façade of success… Loyal listeners to a national radio station responded to an advert promising huge returns in a cryptocurrency scheme. The man at the helm, a beloved drive-time radio host, and his millionaire business partner won the trust of several wishful investors. Wholly untrained in personal finance management or the pitfalls of digital trading, several investors left their jobs, cashed in their pensions and savings policies, and even took out bank loans to invest in the glittering scheme. But for at least 140 people the man they trusted to guide them through the crypto maze appears to have been little more than a confidence trickster. Carte Blanche investigates how hundreds of thousands of rands have vanished, along with the guy who promised to triple investments.