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South Africans lose $80m to bitcoin scam

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bitcoin

South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80m) with promises of huge returns that never materialised, police said on Friday.

The fraud investigation involves a company named BTC Global, which told clients they would earn 2 percent per day, 14 percent a week and 50 percent in a month, the police said.

A search for the company on the internet showed its services had been suspended.

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The website lists Steven Twain as the “primary trader”. A request for comment by Reuters sent to an email address listed on the website as belonging to Twain received no response.
“Members of the public are believed to have been targeted as part of the scam and encouraged by agents of BTC Global,” the police said in a statement.

“Some of the investors got paid in terms of the agreement. However, the payments suddenly stopped.”

Local technology news website mybroadband.co.za had reported in March that more than $50 million was lost by investors in BTC Global.

“This may prove to be the tip of the iceberg with potentially thousands more yet to discover they’ve lost money,” police investigator Yolisa Matakata said.

The investigation follows a case this week where kidnappers demanded a ransom in bitcoin of nearly $120,000 to release a South African teenage boy.

On Thursday South Africa’s central bank said it was in the process of determining whether cryptocurrencies complied with its financial surveillance and exchange control regulations.

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Reuters/NAN

Crime

Sex in car in Nigeria public places not a crime – NPF

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The Nigeria Police has stated that having sex in a car in public places is not a crime.




The force through ACP Abayomi Shogunle who is in charge of Nigeria Police Public Complaint Response Unit (PPCRU) stated this on his official Twitter page.

According to Abayomi Shogunle, having sex in a car in a public place is not a crime.

He, however, stated conditions where the parties can be arrested for having sex in public place.

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He wrote: “NO. Sex in a car in a public place is not a crime in Nigeria provided; 1. Location is not a place of worship.

2. Parties are 18 yrs+

3. The act is consensual (agreed to by parties)

4. Parties are of the opposite sex if threatened with an arrest over above, please contact the police.”

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Motherland News

Somalia: 14 Lawmakers flops impeachment move against President Farmaajo.

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An impeachment motion brought against Somalia president Mohamed Abdullahi Farmaajo has been dropped after the required number of petitioners was not met.



The main crust of the petition was because of international deals Farmaajo had signed with neighbouring Ethiopia and Eritrea. The issue of unilateral appointments in the army and judiciary was also highlighted.

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Fourteen out of an initial 92 MPs who signed a petition last Sunday rescinded their decision crippling the motion which had insufficient members to proceed with.

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Reports indicate that the fourteen said they did not support the motion but had been included wrongly.

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