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

Bulgaria insists on building bridges over the Danube near Silistra and Nikopol

More bridges over the Danube are not just a bilateral issue between Bulgaria and Romania – they are a strategic priority for the prosperity of the entire EU and for our collective security within NATO.  This was emphasized by Deputy Prime Minister..

published on 11/6/25 8:46 AM

Bulgaria and North Macedonia sign an agreement on building a railway tunnel between the two countries

Today, the deputy PMs and ministers of transport of Bulgaria and North Macedonia Grozdan Karadjov and Aleksandar Nikoloski will sign an agreement on the preparation, construction and operation of a cross-border railway tunnel between the two..

published on 11/6/25 7:15 AM

Ex-PM Boyko Borisov: Delyan Peevski is unfairly sanctioned under the Magnitsky Act

GERB leader Boyko Borisov has told the media that he personally participated in talks with American representatives on the lifting of the Magnitsky sanctions against Bulgarian citizens. He said that he also spoke on the subject with David Cameron while..

published on 11/5/25 9:04 PM