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

Rumen Radev

Bulgaria and Vietnam should capitalise on their strategic geographic positions, says president Radev

Bulgaria and Vietnam should make the most of their strategic geographic positions – Vietnam in Southeast Asia and Bulgaria in Southeast Europe – acting as a gateway for goods and services from Asia to Europe , President Rumen Radev said on Thursday. He..

published on 10/23/25 4:03 PM

INSAIT model gives robots unprecedented 3D spatial intelligence

The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an open-source AI model that gives industrial robots 3D spatial intelligence . The technology is..

published on 10/23/25 3:57 PM

Vietnam Communist Party leader To Lam on official visit to Bulgaria

To Lam, the General Secretary of the Communist Party of Vietnam, is on an official visit to Bulgaria. He was welcomed at a ceremony in St. Alexander Nevsky Square by President Rumen Radev and his wife, Desislava Radeva, as reported by the Bulgarian..

published on 10/23/25 2:25 PM