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

Yellow code warning for cold weather issued for 5 districts in Northeastern Bulgaria

On Monday, the lowest temperatures will range from minus 15°C to minus 10°C, higher in Western Bulgaria, for Sofia around minus 4°C. In the morning, there will be fog near the rivers. It will be mostly sunny during the day. Maximum temperatures will..

published on 2/23/25 5:20 PM

Activists of the civil movement BOEC splatter red paint in front of the Russian Embassy in Sofia

Red paint was splattered in front of the Russian Embassy in Sofia. A video posted on the Facebook page of "BOEC" shows activists of the civil movement unloading paint buckets from a vehicle and spilling the paint in front of the embassy..

published on 2/23/25 2:53 PM
Kostadin Kostadinov

Vazrazhdane to protest in Parliament against the adoption of the euro

"We came out to defend freedom. We will keep fighting. The protest continues on Wednesday", Vazrazhdane leader Kostadin Kostadinov said an interview with BNR. "The protest continues inside the National Assembly. We will resist until the end", the MP..

published on 2/23/25 12:20 PM