The Department of the Financial Monitoring Agency (AFM) in the Karaganda region is conducting an investigation into the creation and management of an alleged financial pyramid scheme, "Ümit Samğau".
According to the agency's press service, the project's organisers operated under the guise of charity, claiming to support single mothers, large families, and low-income households. Participants were asked to deposit various sums, with promised returns of 300% to 800%.
The terms were structured so that the higher the contribution, the greater the promised profit. It is reported that payments to participants were made not from genuine business activity, but from the funds of new investors.
The scheme involved relatives and acquaintances of the organiser, whose accounts were used as "drop accounts" to receive money via terminals and bank cards.
As a result, over 400 individuals were recruited into the project, with the total amount of funds raised exceeding 100 million tenge.
By court order, a freeze has been placed on the suspect's assets — an apartment and a car. The investigation is ongoing.