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Majoro denies involvement in Ponzi schemes

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Bereng Mpaki

PRIME Minister Moeketsi Majoro has denied any involvement in a dubious online ‘investment scheme’ called Bitcoin ERA.

In a statement yesterday, Dr Majoro’s press attaché, Buta Moseme, said the premier was “dismayed” at social media reports linking him to the questionable Ponzi scheme which promises to turn ‘investors’ into millionaires within four months of their joining the scheme.

Mr Moseme’s statement followed the weekend publication of an online article purporting to quote Dr Majoro as calling on Basotho to follow his lead in joining the scheme.

The article is titled: “Special Report: Moeketsi Majoro’s Latest Investment Has Experts in Awe and Big Banks Terrified”.  It was published on the following link:  http://tv1-channel.info/bitcoin/lesotho/majoro/?_subid=3pn1dkils2hno9h&_token=uuid_3pn1dkils2hno9h_3pn1dkils2hno9h6027a2bd936ef4.22655141 as of yesterday.

The fake news article states that, “Lesotho politician Moeketsi Majoro, has made a name for himself as a brash straight-talker who doesn’t mind being honest about how he makes his money.

“Last week, he announced a new “wealth loophole” which he says can transform anyone into a millionaire within 3 to 4 months. Moeketsi Majoro urged everyone in Lesotho to jump on this amazing opportunity before the big banks shut it down for good.”

The article then “quotes” Dr Majoro as saying: “what’s made me successful is jumping into new opportunities quickly without any hesitation. And right now, my number one money-maker is a new GOLD auto-trading programme called Bitcoin ERA. It’s the single biggest opportunity I’ve seen in my entire lifetime to build a small fortune fast.

“I’m glad I tried it because it was some of the biggest and easiest money I’ve ever made. I’m talking tens of thousands of maloti a day on autopilot. It’s literally the fastest way to make a windfall of cash right now urge everyone to check this out before the banks shut it down.”

“The co-host was left in disbelief as Moeketsi Majoro pulled out his phone and showed viewers how much money he’s making through this new money-making programme that now has everyone in Lesotho whispering,” the article claims.

However, Dr Majoro insists the article is false and he has nothing to do with Bitcoin ERA.

“The Office of the Prime Minister has realised with dismay an online news article that claims that one Lesotho politician, Moeketsi Majoro, is engaged in a new secret investment that turns many Basotho into millionaires.

“This article and the claims therein are baseless. The prime minister has an important task of delivering services to Basotho and cannot and will never engage in fraudulent activities.

“The prime minister appeals now, and as he has done many times before to Basotho to be aware of fraudsters who may approach them under the guise of Bitcoin Era or any other enrichment scheme,” Mr Moseme said.

Meanwhile, the Central Bank of Lesotho (CBL) has warned people against investing in cryptocurrencies because these are not regulated.

“Members of the public are hereby warned that, by virtue of being offered as (financial) investment opportunities to the public, cryptocurrencies directly expose their promoters to violation of Sections 27 and 28 of the Central Bank of Lesotho Capital Market Regulations of 2014 that require investment advisers to be licensed by the Central Bank of Lesotho.

“Cryptocurrencies do not fall under the purview of the regulatory scope of the Central Bank of Lesotho and as such there shall be no recourse to the Bank in the event of losses. As such the members of the public are warned to be cautious.

“In other words, due to the nature of cryptocurrency transactions that do not require any disclosures, the public is warned that their promotion and or participation in virtual currencies may lead to violations of existing tax laws, exchange control laws and anti-money laundering/combating of terrorist financing laws which are prosecutable transgressions,” the CBL said in a statement.

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