Europol helps Belgian and Swiss authorities unravel Vitae Ponzi scheme

With the support of Europol, the Belgian Federal Judicial Police (Federale Gerechtelijke Politie, Police Judiciaire Fédérale) under the jurisdiction of the Belgian Federal Prosecutor’s Office (Federaal Parket, Parquet Fédéral) has taken action against the alleged members of an organised crime group running a worldwide Ponzi scheme, writes Europol.

 This criminal syndicate was using the social media platform ‘Vitae.co’ and website ‘Vitaetoken.io’ to trick people into investing into a Ponzi scheme. It is believed that some 223 000 individuals from 177 countries have fallen victim to this investment scam. On 22 June, house searches were carried out in 17 different locations in Belgium, mainly in Antwerp, West Flanders and Limburg.

A total of five individuals were detained for their alleged involvement in this fraud scheme. The members of this organised crime group are for the most part Belgian nationals who were making use of a company under Swiss jurisdiction. A number of house searches were carried out in parallel by the Swiss Federal Police (fedpol). .

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Europol helps Belgian Swiss authorities unravel Vitae Ponzi scheme

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