South African Internet scam warning – Teacher loses R4 million


A South African teacher is fighting back after losing R4 million in an Internet scam, which started in June when she tried to read an article about president Cyril Ramaphosa trying to cover up something.

A Netwerk24 report explained that to read this article, Marile Coetzee from Thabazimbi was asked to provide her name, mobile number and email address to read this article.

Soon after she provided these details, she was contacted to invest money at a high interest rate in WiseBanc.

Coetzee, who owns a small school which is struggling financially, said the offer sounded very attractive and she decided to invest a small amount.

The WiseBanc representatives promised her that she could withdraw the money at any stage, and asked her to invest more money to buy Bitcoin, Facebook shares, gold, and…

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