The department of the Financial Monitoring Agency (FMA) of the Karaganda region has completed a pre-trial investigation into the creation and management of a structural subdivision of the «Sincere Systems Group» financial pyramid.
According to the press service of the agency, the suspects operated under the guise of a foreign investment company and offered citizens to invest funds in supposedly high-yield projects.
These include the cultivation and sale of medical cannabis, as well as other areas.
«To create an illusion of transparency and legitimacy, a website with a personal account function was developed. Users could top up their accounts with internal SWP and SWCT tokens in exchange for fiat money,» the report states.
Subsequently, the suspects misappropriated the investors' funds and used them for personal purposes. The amount of damage caused exceeded 52 million tenge.
By court order, property belonging to the suspects in Astana and Temirtau, with a total value of 76 million tenge, was seized. They were also placed under house arrest and a travel ban. The criminal case has been sent to court.