Thousands of Bulgarian Investors Lose Money in BETL Scheme

Thousands of Bulgarian consumers who invested in the British company BETL have reported that the company has stopped paying daily dividends and appears to have ceased its operations. They claim they no longer have access to the system. The company had promised large profits to anyone who became the owner of battery charging devices located in China. Users in Asia pay to charge their mobile phones, and the profits are deposited into the accounts of local investors.

Dimitar Dimitrov, one of the victims of the scheme, spoke to NOVA TV. Dimitrov and his family lost 20,000 leva and have been left without savings. "Initially, the conditions were wonderful. There were parties, dinners, for which the managers paid. There were training sessions conducted by Ms. Kalina. She assured us that this was a real company," Dimitrov said.

He learned about BETL from a colleague. "He was browsing an app on his phone, and I became interested. He said that good money could be made, that it was legit and had a certificate in the UK. I asked him how to get involved. He explained that you get an invitation code because not everyone can join. Once you get the code, there's a trial period where they give you 20 dollars," he explained.

Later, a manager contacted him, to whom Dimitrov provided his personal details—full name, age, place of residence, and phone number for the registered account. "After that, they included me in Telegram groups where the training took place. In other words, we were told that we were not investors, but people who were investing in our own development. The company would return our funds after 30-35 working days to keep us interested," he added.

Dimitrov emphasized that, in reality, he received nothing tangible and was told that he was...