Willie Breedt, the CEO of VaultAge Solutions which allured multiple bitcoin investors appears to be on the run as even after the Hawks opened an investigation against him, no investor has heard from him since December.
There are rumours he is putting up in Jeffrey’s Bay in an estate called Marina Martinique, but officially no-one seems to have a clue. Millions were poured into VaulAage Solutions with returns guaranteed and people fell for the trick. More than $6 million South African Rands were invested in his company.
A chunk of VaultAge Solutions Investors Were Pensioners
The investors last heard from him in December when he sent some sporadic emails promising he would return their money, as pressure began to pile upon him. Since then Hawks has opened s case against him and are on the lookout but they’re yet to taste any success. While a few people claim to have an idea where he is no reasonable lead has been there yet to help trace Breedt. The investors were mostly pensioners who invested their savings and are now surviving on a shoestring budget. Willie Breedt wrote a written reply to news24 claiming that he is too occupied in doing things to help him pay back the initial capital invested in his company as the commitment date which is 31st May is on the cusp. However, VaultAge Solutions’ man didn’t respond to the question of where he is residing right now.
Earlier also he has set such deadlines and has repaid a minor amount sometimes while a few of the investors are yet to receive anything back.
Hawks investigation also appears to be wayward and so far has failed to locate the culprit. They claim as the case is still open they are keeping their lips sealed and are not in a position to give away any details they’ve. Leonard Makhado, another prominent prosecutor appeared in a court this month as crypto scam cases continue to increase in Africa.
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