Willie Breedt, CEO of VaultAge Solutions, who is alleged to have scammed bitcoin investors out of millions.
Supplied
- Willie Breedt is accused of going on the run after allegedly failing to repay the money investors had paid him.
- Around 2 000 investors put an estimated R227 million into Breedt’s VaultAge Solutions to invest in bitcoin and other cryptocurrencies.
- The South African Reserve Bank, through KPMG, is probing the sale of cryptocurrency by VaultAge agents.
Willie Breedt, the alleged bitcoin and cryptocurrency scammer, has been declared bankrupt.
News24 earlier reported around 2 000 investors in Breedt’s defunct company, VaultAge Solutions (VS), stand to lose around R227 million after promises by Breedt to pay out their in…
Read the full article at: https://www.news24.com/news24/southafrica/news/former-cryptocurrency-agency-chief-declared-bankrupt-as-investors-wait-for-millions-20200706