Sibusiso “Sbu” Buthelezi, a former presenter at Ukhozi FM, has come under fire from Twitter users for allegedly using the radio station to con listeners into investing in his business, Abombuso Investment.
On Wednesday night’s episode of Checkpoint, an investigative current events program on eNCA, Sbu Buthelezi was discussed.
He was fired by the radio station on June 29, 2022.
Victims Describe How SBU Buthelezi Swindled Them
Following the interview, the former Indumiso host topped social media trending topics lists, and many criticized him for being haughty and unwilling to accept responsibility for the alleged swindle.
Which, according to him, is a poultry business rather than an investing firm.
According to a victim who lost his job with SAA in 2020, he invested R40,000 of his provident fund but only received R6,000 of the promised profits.
He had a contract with Abombuso that said that in a few months, he would receive 5X more of his initial payment.
The father of two responded that he trusted Buthelezi since he worked for Ukhozi FM and was considered as a man of God when asked why he made an investment in a company he had never seen with his own eyes.
Sbu Buthelezi, a former radio host for UkhoziFM, is accused of defrauding listeners of money by utilizing the public broadcaster.
Another victim, Vusi Mbatha, deposited R200 000 of his provident fund in Buthelezi’s company and said he never received the promised returns.
According to Mbatha, they assured Buthelezi during their meeting in Randburg in December that they would receive their returns in January 2022.
“We received nothing in January.
He promised to send us SMS messages with our returns between the 7th and 15th of each month in February, but nothing like that happened.
According to reports, Buthelezi made a deposit of R16 500, and that is the last payment made to Mbatha.
Buthelezi maintained that he never alerted investors of the situation in his Tuesday advertising slot on Ukhozi FM and said that things started to go wrong at Abombuso Investment in 2020 as a result of an avian flu outbreak.
He steadfastly declined to specify how many people had invested in Abombuso or when they would receive their money back.
TWEEPS ADVISE OTHERS TO AVOID “MEN OF GOD”
Tweeps believed that people entice the desperate into their get rich fast scams by using their position and prestige as men of God.
“This will rank among the worst Checkpoint episodes ever.
This person (Sbu Buthelezi) is so haughty that he is now avoiding responsibility.
He has the audacity to challenge the interviewer. a common burglar wearing a pricey outfit. Tweeted by @qhasi2.
Men of God are best at defrauding the trusting of their money.
Bushiri, Mbhoro, Pastor Chris, and others are all skilled con artists. Sbu Buthelezi is a sincere Christian man. said @CharlieLanga.
It’s amazing how easily people are duped into falling for con artists who pose as men of God and come through the radio.
It is obvious that Sbu Buthelezi lacks any responses to the investment program he was running as well, @FsTebza tweeted.