Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Ponzi scheme scams Bulgarian investors out of millions

Photo: BETL

More than 20 reports have so far been submitted to the police connected with a Ponzi scheme - BETL - after it stopped paying out dividends. Collective action cannot, as yet, be taken as the relevant services have to establish who is behind the company first, lawyer Tsvetomila Sabonska who represents some of the people who have been scammed said in an interview with BNR.

Bulgarian citizens have been scammed out of more than 280 million dollars by the Ponzi schemeBETL, said Yavor Kolev, former director of the Cybersecurity department of the General Directorate Combating Organized Crime in an interview with BNR. He added that the founders of the Ponzi scheme have set up a new platform under a different name.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Parliament adopts first reading of provisional budget law

MPs unanimously adopted at first reading the caretaker government's proposed law on revenues and expenditures in 2025, pending the adoption of the state budget. "The main objective is to ensure financial stability and the normal functioning of..

published on 1/9/25 4:20 PM
Borislav Sarafov

Acting Prosecutor General issues reminder on MPs' immunity requests

Acting Prosecutor-General Borislav Sarafov has sent a letter to the Speaker of the National Assembly Natalia Kiselova reminding her that the Prosecutor's Office has not yet received any information on the requests to lift the immunity of three MPs, the..

published on 1/9/25 3:25 PM

BOC is the only representative of Eastern Orthodoxy in Bulgaria, MPs agree

The three draft amendments to the Law on Religious Denominations received a large majority in the first reading in the National Assembly. The new texts were prompted by a decision by the Supreme Court of Cassation to register a religious organisation..

published on 1/9/25 1:54 PM