The department of the Financial Monitoring Agency (FMA) of the Mangystau region has completed an investigation into the management of a branch of the «Live Good» financial pyramid. A man is suspected of illegal entrepreneurial activity, as well as the laundering of money obtained by criminal means.
According to the press service of the agency, the «Live Good» company, under the guise of network marketing for the sale of medicinal products and dietary supplements, attracted investors by promising guaranteed profits.
Participants did not necessarily have to purchase products — their income depended on the number of people they invited who had taken out a subscription costing from $50. As a result, over 80 citizens fell victim to the financial pyramid.
It is noted that to launder the investors' money, the suspect withdrew it through illegal transactions on a crypto exchange, and then transferred it to the accounts of relatives.
With the criminal proceeds, he purchased two apartments in Aktau and a Lexus car with a total value of 43 million tenge. By court order, his accounts and property worth 132 million tenge were seized.
The suspect was placed under house arrest as a preventive measure, and the case was sent to court.