Buyers within the South African cryptocurrency agency VaultAge Options are planning to file a case towards firm CEO Willie Breedt for allegedly sca
Buyers within the South African cryptocurrency agency VaultAge Options are planning to file a case towards firm CEO Willie Breedt for allegedly scamming 2,000 traders out of roughly $17 million.
Breedt flees overseas
On June 1, Cointelegraph reported that Breedt was believed to have fled South Africa for Mozambique in December 2019. The South African Division of House Affairs indicated that he hadn’t returned since then.
After fleeing to Mozambique, Breedt had reportedly reduce all communications along with his traders aside from one e-mail that attempted reassuring them that their funds have been protected and could be paid again to them. Native information outlet Information24 claims that Breedt indicated that repayments have been to start out by Might 30.
Having not acquired any response, traders at the moment are consulting attorneys to proceed with a case towards Breedt. They intend to file an pressing utility within the Port Elizabeth Excessive Courtroom this week. One investor Annette Veldsman mentioned:
“We goal to have the applying the place we’ll search aid from the courtroom, earlier than the Excessive Courtroom on the finish of the week.”
Breedt left behind an empty checking account
South Africa’s Directorate for Precedence Crime Investigation, also referred to as the Hawks, can also be investigating a felony case towards the accused scammer for allegedly forging proof of fee paperwork.
Whereas Breedt himself has not responded to any questions relating to his whereabouts or associated to the repayments, the investigation discovered that his checking account, which earlier held $3.15 million, was now empty.