RATE Group | Hawks investigate cryptocurrency CEO after investors cry foul

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Hawks investigate cryptocurrency CEO after investors cry foul

09 May Hawks investigate cryptocurrency CEO after investors cry foul

Posted at 10:55h in Cryptocurrency News by admin

The Polokwane Hawks are investigating a case in which several investors laid charges against the CEO of a cryptocurrency company after he allegedly sent them fraudulent proof of payment via his company, VaultAge Solutions.

VaultAge Solutions, which started in 2018, trades in Bitcoin on behalf of its investors.

Hawks spokesperson Captain Matimba Maluleke said Willie Breedt was under investigation for fraud.

READ | Bitcoin Wallet investor’s home set alight by angry mob in KZN

One investor from Mookgophong, formerly known as Naboomspruit, in Limpopo told News24 that only after he threatened to take legal action against Breedt, did he receive a proof of payment (PoP) document indicating that R141 500 was paid into his account.

However, when the payment reflected in his account, he found that only R1 415 had been deposited.

He claimed the PoP document, which News24 has seen, was tampered with. This prompted him to report the matter to the Hawks.

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CEO, Cry, Cryptocurrency, Foul, Hawks, investigate, Investors

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