Skip to content

The operator of a suspected cryptocurrency fraud is fleeing South Africa to Mozambique

June 1, 2020

it is supposed that Willie Breedt, a South African accused of stealing large amounts of investor dollars through his VaultAge Solutions scam, has fled the country go to Mozambique.

On May 29, News24 reported, citing a representative from the South African Interior Ministry, who said this He had not returned to the country since his departure to Mozambique on December 21.

Although it is said to have attracted more than 2,000 investors, VaultAge Solutions has not been registered with the South African Financial Services Conduct Authority.

The local police are investigating Breedt for fraud

The operator of a suspected cryptocurrency fraud is fleeing South Africa to Mozambique
The operator of a suspected cryptocurrency fraud is fleeing South Africa to Mozambique

VaultAge Solutions was founded in 2018 with the goal of offering weekly returns of customer deposits through mining and cryptocurrency trading and accepting deposits starting at $ 50.

In early May, local reports indicated that the South African Directorate of Criminal Investigation, also known as The Hawks had started investigating the company and its founder for fraud.

The investigation followed several cases of Investors who took legal action against VaultAge and claimed to have received only 1% of the expected benefits after you have been presented with a falsified proof of payment or no benefits have been received.

Pensioners and doctors among the Breedt victims

Hawks spokesman Captain Matimba Maluleke explained this The police unit had received affidavits from numerous investors and by a VaultAge Solutions administrator who had worked closely with Breedt.

it is supposed that Many investors have made investments equivalent to hundreds of thousands of dollars., including a Pretoria doctor. There are also pensioners among the victims of fraud; Lettie Engelbrecht from Krugersdorp explained:

“We are retirees and are investing 200,000 rand [unos USD 11,500]. From December to April we receive payments for the growth of our investment. Since then we have never received any more money. We are desperate and on a tight budget. “

Breedt refuses to comment on his whereabouts

Breedt made a statement to News24, claiming that he was busy taking care of other engagements.and added that “all of the initial capital [será] returned before May 31st. “The accused fraudster failed to raise questions about his whereabouts.

It appears that Breedt has not given a refund since the declaration was issued and has reportedly made false reimbursement promises in the past.

The Hawks Colonel Katlego Mogale said so The case is still under investigationand added The department “cannot currently share any information”.

Receive Breaking News !

Enable Notifications    Ok No thanks