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Crypto Investment Agency’s CEO announced defrauding over 2,000 investors

Crypto Investment Agency's CEO announced defrauding over 2,000 investors

Willie Breedt, CEO of cryptocurrency investor firm VaultAge Solutions, has been formally declared bankrupt while running from an angry investor.

As reported by CurrencyTimes on Monday, Breedt – who is associated with duping more than 2,000 speculators – was given a sequestration request by the Gauteng High Court in Pretoria on Friday.

  • A sequestration request is a request conveyed by a court that powers an account holder into chapter 11.
  • The request comes after Breedt sought refuge from upset speculators. They looked for the arrival of around 277 million South African rands ($16.3 million) they had put with VaultAge for interest in digital forms of money.
  • Financial specialists appointed obligation gatherers to attempt to recuperate their misfortunes.
  • Breedt had told police he was being threatened before he vanished.
  • He was found by agents covering up at a visitor house in the Silver Lakes Estate in Pretoria.
  • After the court request was without a doubt, an attack was led on the Silver Lakes premises by the sheriff of the court, South African police, and composed wrongdoing unit called the Hawks and a group of measurable examiners work in crypto wrongdoing.
  • A few electronic gadgets were taken, including a PC and a Ledger Nano equipment wallet – a system for putting away digital forms of money.
  • The South African Reserve Bank, the nation’s national bank, has now allocated PricewaterhouseCoopers to explore VaultAge Solutions and operators associated with selling digital forms of money for the now-ancient organization.
  • The sequestration request came about because of a court application from one of the association’s most unmistakable speculators, Simon Dix. They said the firm owes him 7.5 million rands (practically a large portion of a million U.S. dollars).

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