You are Here > Podcasts > Listen: Investigating crypto scams

Listen: Investigating crypto scams

Apr 1, 2021

In this My Money, My Lifestyle podcast we delve into the world of crypto scams which seem to be mushrooming everywhere, despite repeated warnings from our authorities.

How do these crypto scams work? How do people get lured into parting with their hard-earned cash? And is this the work of an organised criminal syndicate?

We talk to scam victim Tshepiso about how the fraudsters convinced her to part with nearly R100 000. Jean le Roux, research associate for the Atlantic Council’s Digital Forensic Research Lab explains how social media networks are used to lure potential victims and Marius Reitz, Luno’s GM for Africa explains what victims can do if they are caught in a scam.

The aim of this podcast is to give you a real insight into how these scams work so you are not fooled by them, and so you don’t believe the fake testimonies and pictures you see on social media.

Please share this podcast with those who you believe are vulnerable. The only way we are going to stop them is to stop giving them our money.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Maya Fisher-French author of Money Questions Answered

Previous Articles

In search of a low-cost credit card

For the last 14 years I have been the happy owner of a Virgin Money credit card. The card has zero annual fees which made it a perfect credit card to hold for emergencies rather than using for day-to-day spending. In my case I also used it for booking travel such as...

Video: How to grow your side hustle

In any crisis there is opportunity. Lockdown created new market opportunities as customers became open to trying new brands through e-commerce. Research has already identified that post lockdown, people are less likely to return to major shopping centres, preferring...

Listen: Talking to your children about money

How do you teach your children to manage money? It starts at home, says 13-year-old Alidzulwi Tshikosi, author of Not being authentic can be costly - a warning tale of a young man who uses credit to live beyond his means and which ultimately destroys his...

Don’t ignore your credit providers

The Credit Ombud wants to remind consumers that there are ways to ease the woes that come with being unemployed while having debt, and you shouldn’t just ignore your credit providers. If you’ve just lost your job or have had your salary reduced due to the Covid-19...

Supporting your retired parents

Many retirees have not saved enough to meet their financial needs, leaving children with the burden of supporting their retired parents. A retirement survey by Sanlam found that 51% of retirees cannot make ends meet, and one-third do not have enough money to cover...

The true cost of cashing in your pension

Have you heard of the term Sdudla? I recently came across it in relation to members of the GEPF, specifically members who are teachers and nurses. This is the practice of resigning from your post to access your pension fund. As teachers and nurses can work as...

Video: How to stick to your money resolutions

Why is it so hard to stick to our New Year resolutions? We know that if we want to lose weight we need to eat less and exercise more. To grow wealth we must spend less and save more. So why then do we give in and buy the chocolate bar when we purchase our groceries,...

Should your small business take a Covid loan?

The Banking Association South Africa recently announced that only R17.84bn of the R200bn Covid-19 Loan Guarantee Scheme for small businesses had been approved by banks. The scheme received 48 366 applications of which 27% were approved by the banks and taken up by...

Surprising increase in household net wealth

South African households’ real net wealth increased by just over R1 trillion since the first quarter of 2020, according to the latest Momentum-Unisa Household Wealth report. Between the start of the second quarter of 2020 (Q2 2020) and the end of the year (Q4 2020),...

Pin It on Pinterest

Share This