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

The weather remains mostly cloudy and rainy, but with no precipitation in the southwestern regions

On Friday , the lowest temperatures will be between 5 and 10°C; in Sofia - it will be around 6°C. During the day it will be cloudy and with precipitation. In Northwestern Bulgaria the amounts will be significant. Almost no..

published on 11/6/25 7:50 PM
Iliana Iotova

Iliana Iotova: No one has reassured Bulgarians that there will be no fuel problems

''I am not surprised that the president’s veto concerning the sale of Lukoil’s assets was overturned, because even on such a delicate, serious and worrying issue, there were no arguments or discussion'', Vice President Iliana Iotova told journalists..

published on 11/6/25 5:54 PM
A press conference of the Bulgarian Association of Sterility and Reproductive Health

Birth rate in Bulgaria has decreased by 33% since 1994

Birth rate in Bulgaria has decreased by 33% over the past three decades. In 1994, 79,442 live births were registered in the country, while in 2024 the number dropped to 53,428. 6.5% of Bulgarian children are now born through in vitro fertilization..

published on 11/6/25 5:15 PM