Ponzi Schemes Resurface Under New Guises
Table of Contents
Table of Contents
same Scheme, Different Name?
Instead of shutting down entirely, accusations suggest that the perpetrators behind BETL merely rebranded their platform. Reports from concerned individuals claim that the new platforms utilize the same digital wallets as BETL, indicating a brazen continuation of their fraudulent activities. as one woman who filed a complaint stated, ”At the moment, another pyramid identical to BETL is also running in Bulgaria. Its wallets are the same as BETL’s, which means that fraudsters act with impunity.” Adding to these concerns, it seems a similar scheme, identified as SIMO, is actively operating in Turkey. The woman who filed the complaint added, “The same pyramid is currently running in Turkey, its name is SIMO! People will burn from there as well,” raising alarms about the potential cross-border reach of this operation. Further solidifying these suspicions are reports of parallel marketing strategies employed by both BETL and SIMO. Users have noted striking similarities in their promotional tactics, describing them as aggressive and manipulative. One user explained, “Aggressive marketing. It’s very typical of both BETL and others that people go zombified to invite friends. Promotions are made, data is misled. Very large profits are promised.” This modus operandi, focused on enticing individuals through misleading promises and peer pressure, highlights the exploitative nature of these schemes. As of friday, 34 Bulgarians had come forward, reporting financial losses in connection with the BETL scheme. Victims have identified two individuals, Kalin and Kalina, as key figures within the operation in Bulgaria. in online discussions within closed groups, these alleged perpetrators claim they, too, were deceived. The national police have confirmed an ongoing investigation into PowerPal, with plans to submit their findings to the prosecutor’s office upon completion. A request for information from the National Revenue Agency regarding the matter remained unanswered as of Friday.Place a rating:
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Assessment 4.2 from 21 voice.
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**[Intro Music]**
**Host:** Welcome back to Archyde investigates. Today, we delve into the disturbing persistence of Ponzi schemes, despite their devastating consequences. Following the collapse of the Bulgarian Ponzi scheme BETL, which left thousands financially ruined, social media has buzzed with alarming reports: BETL may be back, wearing a new mask.
Joining us today is Maria Petrova, a Bulgarian citizen who bravely spoke out against BETL and is now raising awareness about potential resurgence. Welcome, Maria, thank you for being with us.
**maria:** Thank you for having me.
**Host:** Maria, you were directly affected by BETL’s collapse. Can you tell us about your experience and what prompted you to speak out?
**Maria:** Of course. BETL promised incredibly high returns, and many, including myself, were lured in.They created a sense of community, making it feel like a safe investment opportunity. I lost a meaningful amount of money, and seeing countless others suffer the same fate fueled my determination to warn others.
**Host:** It’s truly commendable that you’re using your experience to protect others. So, what are thes reports suggesting about BETL’s alleged return?
**Maria:** Social media is filled with accounts claiming that BETL hasn’t disappeared. They say it’s operating under new names and that the same digital wallets are being used. One platform, mentioned frequently, is said to be active in bulgaria, mirroring BETL’s structure.
**Host:** That’s incredibly worrying, especially the claim about shared digital wallets. What does this imply?
**Maria:** It implies a deliberate attempt to evade authorities and continue deceiving investors. Using the same wallets strongly suggests the same people are behind these new schemes.
**Host:** And there are reports of similar schemes cropping up in other countries, correct?
**Maria:** Yes, specifically in Turkey, a platform called SIMO has been identified. It appears to be operating with the same tactics and structure as BETL.
**Host:** It truly seems these schemes are becoming transnational. What message would you like to send to potential investors, particularly those who may be unfamiliar with Ponzi schemes?
**Maria:** my message is simple: be incredibly cautious. If something seems too good to be true, it probably is. Thoroughly research any investment opportunity, and be wary of promises of unrealistically high returns.
Remember, these schemes prey on trust and hope. Don’t let yourself become a victim.
**Host:** Thank you, Maria, for your courage and invaluable insights. We hope this conversation raises awareness and encourages vigilance against these predatory practices.
**[Outro Music]**
## Archyde: Ponzi Schemes Resurface – An Interview with Marina Petrova
**[Intro music]**
**Host:** Welcome back to Archyde investigates. Today, we delve into the disturbing persistence of Ponzi schemes, despite their devastating consequences. We’re joined by Marina Petrova,a Bulgarian citizen who bravely came forward as a victim of the BETL Ponzi scheme and is now actively warning others about its resurgence under new guises. Marina, thank you for being here and sharing your story.
**Marina:** Thank you for having me. This is a very vital issue, and I want to do everything I can to prevent others from suffering the same fate as we did.
**Host:** Can you tell us about your experiance with BETL and how it impacted your life?
**Marina:** BETL promised incredible returns on investments,quickly luring in many people,including myself. I believed in the supposed business model and invested a important amount of savings. Then, suddenly, everything collapsed, and our money vanished.It was devastating, both financially and emotionally.
**Host:** It’s tragic to hear about your loss. as you mentioned, reports are circulating that BETL might be operating again under different names.Can you share what you know about this?
**Marina:** Yes, there’s a growing belief within online communities that BETL merely rebranded itself. There’s SIMO in Turkey, and here in Bulgaria, there appears to be a scheme virtually identical to BETL. The most worrisome part is that these new platforms seem to be utilizing the same digital wallets as the original BETL, indicating a blatant continuation of the fraud.
**Host:** This is deeply concerning. What are the common tactics being employed by these schemes, and how can people protect themselves?
**Marina:** The marketing strategies are extremely aggressive and manipulative. They prey on people’s desire for quick riches and employ tactics like creating a false sense of community and urgency. They often rely heavily on peer pressure, encouraging people to invite their friends and family to join. It’s critically important to be extremely wary of any investment chance that promises unrealistic returns or pressures you to recruit others. Always do thorough research, verify the legitimacy of the platform, and consult with financial experts before making any investments.
**host:** It’s clear that raising awareness about these schemes is crucial. What message would you like to send to potential investors and authorities?
**Marina:** To potential investors, please be incredibly vigilant and don’t fall for the allure of “get-rich-quick” schemes. Do your due diligence, and if something seems too good to be true, it probably is. To the authorities, I urge you to take swift and decisive action against these perpetrators. Hold them accountable for their actions and prevent them from exploiting innocent people any further.
**Host:** Marina, thank you for sharing your story and raising awareness about this important issue. We hope your courage will inspire others to be more cautious and help prevent further victims from falling prey to these fraudulent schemes.
**[Outro Music]**
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