A sentence has been handed down in the West Kazakhstan Region to the organiser of the financial pyramid LLP «Качество PLUS».
According to the press service of the West Kazakhstan Region prosecutor's office, under the guise of legitimate project investment and promising high returns, the defendant illegally solicited money from 73 depositors. The material damage to the victims exceeded 143 million tenge.
«Having then assumed all powers of sole management, she embezzled funds from the consumer cooperative «Свой ДОМ kz» and the housing construction cooperative «Pater House» totalling over 161 million tenge», the statement reads.
Ultimately, the court found the defendant guilty and sentenced her to 7 years' imprisonment with a ban on holding managerial positions in financial organisations and on being a participant of a financial organisation for a period of 10 years.
In addition, the convicted woman's land plot and car were seized and forfeited towards compensation for the victims' damages.
To recall, the head of the Qnet financial pyramid in the Kostanay region was previously sentenced to 6 years' imprisonment. Her victims totalled 94 people. The damage amounted to 86 million tenge.
In July, the Agency for Financial Monitoring (AFM) completed its pre-trial investigation into residents of the Ulytau region over a financial pyramid case. Two individuals spent over 9 months advertising the «MetaGo» financial pyramid and managing its branch in Zhezkazgan.
The suspects solicited funds from residents of the region. The total damage from their activities exceeded 68 million tenge, while law enforcement authorities seized property worth over 37 million tenge.