Victims of the former Ladysmith Bitcoin Wallets scheme invest out of town in the hope of returns

There is still a buzz around Ladysmith about Bitcoin Wallets, with people wondering how they can get back the money they lost in this Ponzi scheme.

Almost three weeks since the scheme (run by Siphelele ‘Sgumza’ Mbatha) closed its doors and stopped paying out investors, people are still looking for ways to be reimbursed.

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Speaking to people who have lost money, many say they are now investing in other schemes in Ladysmith and even out-of-town schemes.

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Investors have commented that they now realise these schemes are too good to be true, and have come to terms with the fact that they have lost their money and will not get it back.