/newest/2020/05/south-african-ceo-accused-of-fleeing-the-country-with-millions-in-investor-bitcoin/
south-african-ceo-accused-of-fleeing-the-country-with-millions-in-investor-bitcoin
South African cryptocurrency traders are accusing the CEO of VaultAge Options of stealing hundreds of thousands in crypto earlier than happening the run.
In line with a report by AllAfrica, Willie Breedt, the CEO of cryptocurrency funding agency VaultAge Options, is presumed to be on the run after not making public communications since December 2019. The report claims Breedt was purported to be staying close to the city of Jeffrey’s Bay and that his whereabouts the place being seemed into by the nation’s prison investigation unit.
Nevertheless, South Africans who invested cryptocurrency with the now-defunct agency concern the CEO might have fled the nation for Mozambique.
Breedt is accused of stealing hundreds of thousands from bitcoin traders. The report claims VaultAge Options isn’t registered as a reliable monetary establishment with the Monetary Providers Conduct Authority (FSCA), regardless of having greater than 2000 traders.
The report quoted investor Lettie Engelbrecht from Krugersdrop,
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We’re pensioners and invested R200 000. From December till April, we acquired funds on the expansion of our funding. Since then, we by no means bought any cash. We’re determined and residing on a shoestring price range.
One South African investor reportedly had deposited greater than R6 million ($342,000) with Breedt’s firm.
Breedt delivered a written reply to native outlet Information24, explaining,
I’m busy attending to the commitments I’ve made to members. The dedication is to have all of the preliminary capital paid again by 31 Could.
Colonel Katlego Mogale of the Directorate for Precedence Crime Investigation (DPCI) mentioned authorities are investigating the case however can’t reveal any extra data “at this stage.”
Featured Picture Credit score: Photo by way of Pixabay.com
