- 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 Breedts 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.
earlier reported around 2 000 investors in Breedts defunct company, VaultAge Solutions (VS), stand to lose around R227 million after promises by Breedt to pay out their investments and growth were not honoured.
On Friday, one of the biggest investors, who entrusted R7.5 million to Breedt, Simon Dix f…
Read the full article at: https://upnewsinfo.com/2020/07/05/former-cryptocurrency-agency-chief-declared-bankrupt-as-investors-wait-for-millions/
