More than 100 million tenge were invested in a financial pyramid by 150 Kazakhstani citizens. The pre-trial investigation regarding the creation and management of the investment pyramid "Avtolyuks" has been registered by the Department of the Financial Monitoring Agency in the Pavlodar region, as reported by a correspondent from the Kapital.kz business information center, citing the press service of the FMA.
"The lifespan of the financial pyramid lasted only three months — from September to November 2024. Despite this, its activities spread across the Pavlodar, Almaty, Aktobe, and other regions. It has been established that the suspect, operating through an online store platform, offered to invest funds for the fictitious purchase of goods in installments, promising a reward of 5% to 15% for every 10 days. Subsequently, the investors continued to pay off loans for goods that were never actually purchased," the message states.
"The lifespan of the financial pyramid lasted only three months — from September to November 2024. Despite this, its activities spread across the Pavlodar, Almaty, Aktobe, and other regions. It has been established that the suspect, operating through an online store platform, offered to invest funds for the fictitious purchase of goods in installments, promising a reward of 5% to 15% for every 10 days. Subsequently, the investors continued to pay off loans for goods that were never actually purchased," the message states.
The suspect cashed out the funds and spent them on expensive entertainment, including overseas trips, and purchased two vehicles, a Mercedes Benz and a Toyota Camry, which have been seized by court order.
The court has imposed a measure of restraint on the suspect — house arrest.
In 2024, the FMA liquidated 42 financial pyramids, causing losses to investors amounting to over 20 billion tenge. A total of 78 individuals were convicted, with damages reimbursed amounting to over 13 billion tenge and assets worth 287 million tenge confiscated.
At the end of 2024, the head of the financial pyramid division Sax Invest in the Mangistau region was detained.
The FMA has launched a Telegram bot "Baiqa, piramida!" that allows users to check a company for signs of a financial pyramid.