The Financial Monitoring Agency (FMA) is conducting a pre-trial investigation against a group of individuals, in connection with the creation and management of the "Sax Invest" financial pyramid.
According to the agency's press service, the company positioned itself as an investment fund. The promised dividends (from 2-3% monthly) were paid to participants solely from funds raised from new depositors.
"Citizens were offered to transfer money into trust management, with assurances that services would be provided for brokerage, trading in the securities market, and investment in a diamond mining project in the Republic of Angola (Africa)", the statement says.
To register on the official "Sax Invest" website and access your personal account, you need to obtain a link from a client of the project, meaning access is only granted via an invitation link.
"Bonuses increased on the condition of attracting new depositors, which could supposedly then be cashed out by transferring them within the company's system to another person", the statement says.
It is noted that the depositors' money was transferred to the organiser's personal bank card, not to the company account.
From 2018 to 2022, the participants of the financial pyramid attracted 3,000 depositors. The turnover of funds amounted to $18 million (nearly 9 billion tenge).
One of the organisers of the "Sax Invest" financial pyramid was detained and placed in a temporary detention facility.
Recall that earlier in Shymkent, the organisers of the financial pyramid "Payyzsyz baspana" were convicted. As a result of their actions, 134 citizens suffered damages amounting to more than 171 million tenge.
In September, in Karaganda, one of the organisers of the financial pyramid "Life is good Hermes Management LTD" was convicted, with 7 of its depositors suffering material damages totalling 108.7 million tenge.
At the same time, in Astana, a sentence was passed on the head of the branch of the financial pyramid "Chia Tai Pharmaceutical". The defendant raised funds from depositors under the guise of investing in a pharmaceutical plant. As a result, 12 victims lost 29.2 million tenge.
Shortly before that, in the West Kazakhstan Region, the organiser of the financial pyramid LLP "Quality PLUS" was convicted. The defendant raised money from 73 depositors. The material damage to the victims exceeded 143 million tenge.