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Antwerp residents arrested as key figures behind fraudulent…

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The cryptocurrency Vitae, which convinced more than 220,000 investors worldwide, has fallen by the wayside. The fictitious coin was the pivotal figure in a classic system of pyramid fraud. Headed by two Belgians from Antwerp: Mendy Z. and Shrage P. The two have been arrested on suspicion of large-scale fraud. More than 1 million euros, almost 1.5 million in virtual currency and 17 luxury cars have been seized.

Joke Vander Mijnsbrugge and Marc Klifman

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