Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire

Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire – CoinDesk

Protestors set fire to paramedic-turned-bitcoin entrepreneur Sphelele “Sgumza” Mbatha’s home, following the collapse of his Ponzi-like “investment scheme,” according to Ladysmith Gazette. Mbatha’s company, Bitcoin Wallet, promised investors 100-percent returns by investing South African rand in cryptocurrencies.