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

Martin Dimitrov

The opposition accuses the cabinet of boycotting Bulgaria's accession to the Eurozone

In a statement on behalf of "We Continue the Change – Democratic Bulgaria", MP Martin Dimitrov stated that the ''first action of the new government is to sabotage Bulgaria's entry into the Eurozone''. "Bulgaria meets all the criteria for joining the..

published on 1/24/25 11:30 AM

Joining the Eurozone in 2026 is a priority for the government

"I categorically want to put an end to all insinuations that Bulgaria is abandoning its goal of joining the Eurozone within the next year", said Minister of Finance Temenuzhka Petkova. "There is a procedure for us to be heard in the Eurogroup in..

published on 1/24/25 9:26 AM

The Consulate General of Bulgaria in Los Angeles has issued recommendations due to new fires

The Consulate General of Bulgaria in Los Angeles has issued recommendations due to two new fires that have broken out in the Los Angeles and Ventura counties in the United States. The Hughes fire has spread over more than 10,000 acres of land, while..

published on 1/24/25 8:56 AM